This joint venture reflects Wardwizard's commitment to sustainable mobility solutions and signifies a crucial step in the company's global expansion plans.Wardwizard Innovations & Mobility Limited, a key manufacturer of electric vehicles under the brands 'Joy e-bike' and 'Joy e-rik', sold 1,195 electric two-wheelers in September 2024. The company has sold a total of 7,201 electric two-wheelers in the first two quarters of FY 2024-25, encompassing both high-speed and low-speed models.
In September 2024, Wardwizard Innovations received a Letter of Intent (LOI) from His Royal Highness Prince Abdulaziz Bin Turki Bin Talal Bin Abdulaziz Al Saud to form a Joint Venture in the Kingdom of Saudi Arabia (KSA). This collaboration aims to set up two manufacturing plants to assemble electric motorbikes, three-wheelers, four-wheelers, buses, and EV cells.
This joint venture reflects Wardwizard's commitment to sustainable mobility solutions and signifies a crucial step in the company's global expansion plans.
