How was 2023 for BikeWo?
All India EV: How was 2023 for your business? What milestone has your business achieved this year?
BikeWo: In 2023, our business celebrated a pivotal milestone, marking 12 months of full-scale operations since our inception 1.5 years ago. This year has been incredibly rewarding, propelling us ahead as a leader in our segment, and outpacing many competitors. Key partnerships with industry giants like Ola and Bounce Infinity underscore our commitment to strategic collaboration and market dominance. These alliances bolster our market position, expand our reach, and enhance credibility, emphasizing our dedication to amplifying our network and service offerings. Our commitment to excellence, customer satisfaction, and industry leadership sets a robust foundation for sustained growth. Looking forward, we’re optimistic about continued success and expansion in the coming years.
All India EV: How do you see the next 3–4 years of your business? Are you planning to venture into new segments in the industry?
BikeWo: Over the next 3–4 years, we foresee dynamic growth, aligning with our industry’s rapid expansion, which doubles every 3-4 months. Diversifying our portfolio, we aim to enter new segments, including EV financing, leasing, B2B sales, and international markets through export sales. A milestone on our trajectory is the anticipated SME IPO in 2024, poised to fuel expansion and capitalize on market trends. By embracing innovation and adaptability, we aim to establish ourselves as a versatile and resilient player in the evolving business landscape.
All India EV: Would you like to highlight some areas where the government can improve that can help the Indian EV market?
BikeWo: Government intervention plays a crucial role in bolstering the Indian EV market. Firstly, a nationwide uniform policy for life tax subsidies on electric vehicles (EVs) is essential. While some states have embraced this initiative, a consistent zero-life tax across the country would simplify regulations and encourage consumers to embrace cleaner mobility options.
Additionally, expediting the process of obtaining permits and licenses for charging infrastructure installation is vital to accelerating the growth of EV charging networks. A supportive regulatory framework and financial incentives for research and development within the EV sector are crucial. These measures would drive innovation, attract investments, and create an environment conducive to widespread EV adoption, contributing significantly to a sustainable and eco-friendly transportation ecosystem.
All India EV: We would like you to highlight the individuals or teams of your organization that you felt gave more than 100% this year to the organization, including any extraordinary acts performed by any of your employees.
BikeWo: This past year has been truly exceptional for our organization, characterized by unwavering dedication and a remarkable team effort. Every individual within our organization contributed tirelessly, surpassing expectations without singling out specific names or teams. It’s remarkable to note the extraordinary dedication, innovation, and resilience exhibited by our employees throughout the year. From meeting stringent deadlines to introducing ground-breaking solutions and seamlessly adapting to unforeseen challenges, each member played an indispensable role in our collective success.
Upon reflection, our organization’s true strength lies in the unity and collaborative spirit of our team. This cohesive ethos will undoubtedly steer our progress as we aim to reach even greater heights in the upcoming years. The shared commitment of every individual across our organization forms the cornerstone of our success, laying a robust foundation for future accomplishments.