Wardwizard Innovations & Mobility Limited
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Company type | Public |
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BSE: 538970 | |
Industrie | |
Gegründet | 2016 |
Gründer | Yatin Gupte |
Area served | India, Uganda, and Nepal |
Key people | Yatin Gupte (Chairman) |
Website | www |
Wardwizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It is engaged in manufacturing eco-friendly electric scooters and vehicles. It operates in the electric vehicle manufacturing sector in multiple countries, including India, Uganda, and Nepal.[1][2][3]
It was founded in 2016 by Yatin Gupte and is headquartered in Vadodara, Gujarat. In 2021, it inaugurated a new manufacturing facility in Vadodara and the inauguration ceremony was conducted by Amit Shah, the Union Home Minister. In May 2023, WardWizard announced a partnership with the Dogra Regiment an infantry regiment of the Indian Army to establish a new unit.[4][5][6]
History
Wardwizard Innovations & Mobility was incorporated by Yatin Gupte in 2016.[7] In 2021, it inaugurated a new manufacturing facility in Vadodara the inauguration ceremony for the facility was conducted by Amit Shah, the Union Home Minister.[8] The company holds two brands: Joy e-bike and Joy e-rik. The company's range of electric scooters is assembled at its facility located in Vadodara.[7]
According to the The Economic Times report, Wardwizard Innovations & Mobility Limited is the first company to be listed on the Bombay Stock Exchange under the electric vehicle manufacturing category.[9][10] In May 2021, Wardwizard Innovations & Mobility Limited started supplying units from India to Uganda.[1]
In October 2021, Wardwizard Innovations & Mobility Ltd inaugurated its first-ever experience centre in Pune. The inauguration ceremony was attended by Ajit Pawar, the Deputy Chief Minister of Maharashtra.[11]
In December 2021 The company signed MoU with the Government of Gujarat for land acquisition.[12] The acquired land was used for the production of electric two-wheelers, electric three-wheelers (specifically for passengers), research and development activities for electric four-wheelers, and potential future projects.[13] In 2022 Wardwizard Innovations & Mobility, made acquisition of a substantial land area measuring 4 million square feet in Vadodara. This acquisition includes the involvement of the company's Promoters and Promoters' Group, who are actively participating in the development of an ancillary project for EVs.[14]
In 2022, Wardwizard Innovations & Mobility entered the fast-growing high-speed electric scooter segment. These models are named Wolf+, Gen Next Nanu+, and Del Go.[15][16]
In May 2022, Wardwizard Innovations & Mobility entered into a partnership with Sunkonnect, a renewable energy management consulting firm based in Singapore.[17] In the same year, Wardwizard Innovations & Mobility has entered into a partnership with Mangalam Industrial Finance to facilitate EV financing.[18]
According to a report by The Hindu, in November 2022, Wardwizard Innovations & Mobility Ltd formed a strategic partnership with iCreate to support and provide funding for electric vehicle (EV) start-ups in India.[19] In
January 2023, Wardwizard Innovations & Mobility Ltd launched their latest high-speed electric scooter called Mihos at the Auto Expo 2023.[20]
In May 2023, Wardwizard announced a partnership with the Dogra Regiment to establish a new unit. The collaboration aims to offer specialized skill development and employment opportunities in the growing Electric Vehicle (EV) industry for retired army officers, including 'Agniveers.' Additionally, WardWizard Innovations has announced the establishment of an EV Centre of Excellence at Dogra Regimental Centre, Ayodhya Cantonment in Faizabad, Uttar Pradesh.[5][6]
Production and infrastructure
The company's Vadodara plant has a production capacity of 9000 vehicles per month.[9] According to Economic Times report in September 2021 the company expand its annual production capacity to 200,000 units by establishing an assembly line at the Vadodara plant.[21] The company invested approximately Rs 650 crore towards the manufacturing of advanced Li-ion cells and the development of related infrastructure.[22] According to the agreement, Sunkonnect formed a committee consisting of experienced scientists, engineers, and analysts. The committee's main objectives were to evaluate and identify an appropriate professional partner and to devise a roadmap for establishing a 1GWh cell production plant. The plant was situated within WardWizard's electric vehicle ancillary cluster in Vadodara.[23][24][25]
In September 2022, Wardwizard Innovations & Mobility established its first Global R&D headquarters in Singapore. The facility is primarily dedicated to research and development activities for two-wheelers, three-wheelers, four-wheelers, and technologically advanced electric vehicle (EV) products. In March 2023, Wardwizard Innovations & Mobility Limited began operating a lithium-ion battery assembly line with a 1 GWh capacity. This marked the initial phase of developing an electric vehicle (EV) ancillary cluster in Vadodara.[26][27][28]
References
- ^ a b "ET Auto". ETAuto.com. 2021-05-30. Retrieved 2023-07-11.
- ^ Desk, Times Drive (2022-01-06). "WardWizard to launch two made-in-India electric scooters this month". TimesNow. Retrieved 2023-07-11.
{{cite web}}
:|last=
has generic name (help) - ^ "Wardwizard Group ties up with Bajaj Allianz to offer Insurance policies to Joy e-Bike customers - ET Auto". ETAuto.com. 2021-06-15. Retrieved 2023-07-11.
- ^ a b Bureau, BL Chennai (2023-05-29). "Wardwizard Innovations Establishes EV Centre of Excellence in Collaboration with Dogra Regiment". The Hindu BusinessLine. Retrieved 2023-07-11.
{{cite web}}
:|last=
has generic name (help) - ^ a b Standard, Business (2023-05-30). "Wardwizard inks pact with Dogra Regiment to offer upskilling opportunities". Business News, Finance News, India News, BSE/NSE News, Stock Markets News, Sensex NIFTY, Union Budget 2023. Retrieved 2023-07-11.
{{cite web}}
:|first=
has generic name (help) - ^ a b Narayanan, Rajkamal (2022-05-15). "Our goal is to create an ecosystem for electric vehicles — Yatin Gupte, Wardwizard". Financialexpress. Retrieved 2023-07-11.
- ^ Singh, Varun (2021-01-28). "Wardwizard Innovations & Mobility inaugurates new electric two-wheeler manufacturing facility in Vadodara". India Today. Retrieved 2023-07-11.
- ^ a b "Wardwizard aims to achieve 25 percent of overall EV Market in India - ET Auto". ETAuto.com. 2021-03-25. Retrieved 2023-07-11.
- ^ Mukherjee, Sharmistha (2021-11-06). "ET Auto". ETAuto.com. Retrieved 2023-07-11.
- ^ "EV maker WardWizard inaugurates co's exclusive retail store in Pune; plans 3 more in Maharashtra - ET Auto". ETAuto.com. 2021-10-23. Retrieved 2023-07-11.
- ^ "Wardwizard and promoters acquire land to develop EV ancillary cluster in Vadodara - ET Auto". ETAuto.com. 2022-01-24. Retrieved 2023-07-11.
- ^ Bureau, BW Online (2023-07-11). "Wardwizard Signs MoU With The Government Of Gujarat For EV R D Center". BW Businessworld. Retrieved 2023-07-11.
{{cite web}}
:|last=
has generic name (help) - ^ The Hindu Bureau (2022-01-25). "WardWizard to start work on EV ancillary unit". The Hindu. Retrieved 2023-07-11.
- ^ "Wardwizard Innovations & Mobility's vehicle sales rise in June". The Times of India. 2022-07-02. Retrieved 2023-07-11.
- ^ "WardWizard enters high-speed electric scooter segment; launches three models - ET Auto". ETAuto.com. 2022-02-12. Retrieved 2023-07-11.
- ^ Parikh, Niyati (2022-05-05). "Gujarat: WardWizard to set up Li-Ion Advance Cell mfg unit at Vadodara". ETEnergyworld.com. Retrieved 2023-07-11.
- ^ Desk, Express Mobility (2022-09-24). "WardWizard Mobility partners with Mangalam Industrial Finance for EV financing". Financialexpress. Retrieved 2023-07-11.
{{cite web}}
:|last=
has generic name (help) - ^ Bureau, BL Bengaluru (2022-11-22). "WardWizard Innovations partners with iCreate to fund EV start-ups in India". The Hindu BusinessLine. Retrieved 2023-07-11.
{{cite web}}
:|last=
has generic name (help) - ^ "WardWizard Innovations and Mobility launches high-speed electric scooter Mihos". ETEnergyworld.com. 2023-01-13. Retrieved 2023-07-11.
- ^ "ET Auto". ETAuto.com. 2021-09-28. Retrieved 2023-07-11.
- ^ "ET Auto". ETAuto.com. 2022-05-29. Retrieved 2023-07-11.
- ^ Jha, Shakti Nath (2022-05-06). "WardWizard plans to set up Li-ion advance cells manufacturing unit in Gujarat". Financialexpress. Retrieved 2023-07-11.
- ^ "Wardwizard Begins Operations At 1gwh Battery Plant". The Times of India. 2023-03-25. Retrieved 2023-07-11.
- ^ Desk, Express Mobility (2022-05-05). "WardWizard plans to set up Li-ion advance cells manufacturing unit at its electric vehicle ancillary cluster in Vadodara". Financialexpress. Retrieved 2023-07-11.
{{cite web}}
:|last=
has generic name (help) - ^ "WardWizard inks pact with Singapore entity to firm up plans to produce Li-ion cells - ET Auto". ETAuto.com. 2022-05-04. Retrieved 2023-07-11.
- ^ "Wardwizard Innovations commences operations of in-house lithium-ion battery assembly line". ETEnergyworld.com. 2023-03-25. Retrieved 2023-07-11.
- ^ Standard, Business (2023-03-24). "Wardwizard commences operations of lithium-ion battery assembly line". Business News, Finance News, India News, BSE/NSE News, Stock Markets News, Sensex NIFTY, Union Budget 2023. Retrieved 2023-07-11.
{{cite web}}
:|first=
has generic name (help)