Bikewo Green Tech Ltd. IPO: Key Details

We are an electric two wheeler retailer in India. We commenced our business operations in 2016 and our revenue fromoperations have been steady since then. Our Company since its incorporation had been engaged in the business of buyingand selling of used four wheelers from authorised dealers of reputed automobile brands (“New Car Dealers”). As partof our pre-owned vehicle sale business, we procure used cars from New Car Dealers, who are approached by prospectivecustomers, who wish to sell or exchange their existing vehicles for a new vehicle. Post procuring used cars through suchchannels, we further display them for sale at various sites/ park and sell outlets of our designated used car dealers. Weact as an intermediate channel between the New Car Dealers and our designated park and sell used car lots, by supplyingthe used cars for sale and earning a margin during the sale of such cars. We have created a small network which undertakesevery element of automobile buying from searching for a vehicle, creating buying requirements, price discovery, booking,certification to purchase and financing and doorstep delivery. In the year 2022, with the advent of electrical vehicles inIndia, in order to capitalise the opportunities and potential offered by the industry segment, we diversified our businessoperations by venturing into marketing and selling of electric vehicles and sold franchise of our brand to ten dealersduring the first quarter of FY 2022, for opening and operating our stores in Andhra Pradesh and Telangana.