BikeWo Green Tech has signed a memorandum of understanding to acquire a 51% controlling stake in PositiEV Mobility.
The transaction is designed to merge BikeWo's existing distribution channels with PositiEV's infrastructure assets, creating a vertically integrated electric vehicle platform in India.
The acquisition marks a strategic shift toward consolidation in the Indian EV sector, where fragmented distribution and charging infrastructure have historically hindered mass adoption.
By taking a majority stake, BikeWo aims to streamline operations and accelerate the rollout of its mobility services across key markets.
Industry observers note that such partnerships are becoming increasingly common as companies seek to control the entire value chain, from vehicle sales to after-sales support and charging networks.
The deal could set a precedent for further M&A activity among mid-tier EV players in the region.