Wardwizard Innovations & Mobility Limited, known for its electric vehicle brands Joy e-bike and Joy e-rik, is amplifying its presence in India’s EV ecosystem. The company recently announced the deployment of 400 electric two-wheelers across Kolkata, Pune, and Ahmedabad, following a successful pilot run of 100 vehicles in Hyderabad. This move is part of its larger strategy to revolutionise last-mile delivery and urban mobility.
The share price of Wardwizard Innovations & Mobility at 9:45 AM was trading lower by 2.83% at ₹19.53.
The latest deployment comes through a strategic partnership with SpeedForcEV. Together, they aim to support fleet operators and delivery partners by providing technologically advanced, low-maintenance, and high-uptime vehicles. Wardwizard’s integrated service network has reportedly enabled delivery partners to enhance operational efficiency and boost revenue, contributing significantly to the growth of quick commerce and e-commerce logistics.
Taking a step beyond 2-wheelers, Wardwizard is now eyeing the ride-hailing sector. In collaboration with Cabeys, a ride-hailing platform, and SpeedForcEV, the company plans to deploy 200 L5 category electric three-wheelers in Maharashtra. These vehicles are expected to offer a cost-effective, environmentally friendly transport solution for daily commuters, while also improving income opportunities for auto drivers.
To ensure seamless operations for its expanding fleet, Wardwizard has teamed up with AmpVolts. The collaboration will help bolster the EV charging infrastructure in target cities, addressing one of the key challenges in EV adoption. AmpVolts’ widespread charging network will be crucial in maintaining consistent vehicle performance and reducing downtime.
Commenting on the development, Mr Yatin Gupte, Chairman & Managing Director of Wardwizard, highlighted the operational success in Hyderabad as a catalyst for further expansion.
He shared the company’s ambition to deploy 5,000 L5 passenger electric three-wheelers across various Indian states during FY25-26. He also emphasised the benefits of low operational costs, long-range batteries, and reliable charging, all contributing to more efficient and sustainable urban transport.
This expansion aligns with Wardwizard’s larger mission to provide clean, zero-emission transport solutions. As the first listed EV manufacturer on the BSE, the company has a growing portfolio of more than 10 electric vehicle models and a retail presence in over 400 cities across India. Its future plans include broader market penetration and deepening its impact through technology-enabled, smart mobility partnerships.
With its current expansion strategy and new collaborations, Wardwizard Innovations & Mobility Limited is strengthening its position as a frontrunner in India’s electric fleet revolution. As urban logistics and mobility needs evolve, the company is poised to play a key role in shaping a greener and more efficient transportation future.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks; read all the related documents carefully before investing.
Published on: Mar 27, 2025, 1:05 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
