Bikewo Green Tech Limited is a company based in Hyderabad, India, incorporated on December 9, 2016. It initially started as ‘Right Choice Automobiles Private Limited’ in the pre-owned car market, dealing in the buying and selling of used four-wheelers. However, in 2022, the company shifted its focus to the electric vehicle (EV) sector, diversifying into marketing and selling electric two-wheelers.

The company aims to become a multi-brand channel for electric two-wheelers, primarily targeting Tier-I, Tier-II, and Tier-III cities in India. It has established a network of dealerships, beginning with ten dealerships in Andhra Pradesh and Telangana, and aims to provide an easily accessible platform for customers interested in electric mobility. By offering franchises under the “Bikewo” brand, the company focuses on creating visibility and accessibility for EV customers.

Bikewo Green Tech Limited is also committed to supporting the growth of electric mobility in India. It has registered trademarks and actively participates in the electric vehicle market through its network and franchising model. The company has a structured management team, ensuring efficient operations, and has various insurance policies to cover its assets and logistics network.

For year/ period ended (Rs. in lacs.)

For year/ period ended ( in Cr.)

• Leading EV Dealership for Major OEMs.
• Dealership Network and Geographic Presence.
• After-Sales Segment.
• Diverse Market Presence

• Funding the purchase of electric two-wheeler vehicles.
• Funding capital expenditure.
• Prepayment or repayment of a portion of the company’s borrowings.
• General corporate purposes.

The company’s revenue almost doubled in last two fiscals and the company has managed to generate good profit where initial outlay in EV business is significant. The EPS for FY2024 stands at Rs. 2.51. The PE ratio , based on the upper price of Rs.62, is 24.70 which is good considering its EV business. So we recommend to subscribe the IPO.