BikeWo, based in Hyderabad and one of India’s fastest-growing EV two-wheeler smart hub networks, has partnered with renowned Tollywood legend Venkatesh Daggubati. As part of the collaboration, Venkatesh Daggubati has become a strategic investor in the company with an undisclosed investment amount. He has also been appointed as BikeWo’s primary brand ambassador.
BikeWo will use VenkateshDuggibati’s brand and collaborate with him on various marketing, outreach, and brand promotion activities to expand its EV servicing and charging network across multiple states in India. This will be a long-term partnership that will assist the brand in achieving its ambitious goal of installing 20,000 EV charging stations across India by 2025.
Regarding the partnership, BikeWo’s Co-Founder and Chief Operating Officer, Vidhyasagar Reddy, stated, “We are thrilled and honoured to welcome Venkatesh Daggubati as an investor and brand ambassador. Venkatesh’s confidence in BikeWo is a source of motivation for us, and going forward, we will collaborate closely with him on a variety of strategic matters. Moreover, his association with the brand marks a new chapter in BikeWo’s commitment to helping young Indians realise their dreams and aspirations by providing simple and delightful two-wheeler service experiences, creating infrastructure for electric vehicles with battery swapping and charging points, and providing entrepreneurship opportunities to BikeWo’s ever-expanding network of dealer-partners.”
Venkatesh Daggubati stated, “I am thrilled to be a part of BikeWo’s mission to organise the EV bike industry and improve the user experience.
BikeWo distinguishes itself in the EV space by establishing infrastructure for EV 2W charging and servicing and by encouraging and creating entrepreneurs, particularly women entrepreneurs, through its distinctive franchise network. I’m excited to embark on the futuristic EV adoption journey with BikeWo, and I’m dedicated to helping the brand realise its vision.”
Mr. Vidhaysagar Reddy, who studied International Business at West London College, UK, is the founder of BikeWo. He is a tech and environmental enthusiast with over six years of experience in sales and business development with Freshworks.
Freshworks grew from a single product to multiple products and from $1 million in revenue to “unicorn” status and IPO filing. During his tenure, Vidyhyasagar brought in key strategic accounts and increased sales of the company’s flagship product, Freshsales, from zero to fifty million dollars. In 2021, he quit his job and founded BikeWo, where he is incorporating the Freshworks’ experience and learnings into Bikewo so that it can also follow a similar growth trajectory, while bringing together technology, environment, and people to organise a largely unorganised sector.
BikeWo is addressing critical issues and voids in India’s burgeoning EV ecosystem by establishing infrastructure for EV battery swapping and charging points, thereby paving the way for increased adoption of electric two-wheelers in India. On the other hand, Tollywood film actor and producer VenkateshDaggubati, also known as Victory Venkatesh, is one of the most beloved industry veterans who is well-known for his acting prowess and has worked on numerous award-winning Telegu films during his illustrious three-decade career.
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