The company has slashed prices by up to ₹13,000/- on selected models to strengthen its market presence and attract a broader base of EV consumers. The revised pricing applies to models including WOLF 31AH, GEN NEXT 31AH, GEN NEXT NANU PLUS, WOLF PLUS, GEN NEXT NANU ECO and WOLF ECO.

With a growing portfolio of electric mobility solutions and a customer-first approach, Wardwizard Innovations & Mobility Limited continues to strengthen its position in the EV industry. These customer-focused decision reflects the brand’s ongoing dedication to delivering value, innovation, and responsible transportation options.

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·         Partners with SpeedForcEV to deploy electric two wheelers, offering technology-driven solutions for delivery partners and fleet operators.

·         Strengthens EV Charging Infrastructure Through Strategic Collaboration with AmpVolts

·         Plans to enter Ride-Hailing Sector with Deployment of L5 Passenger Electric Three-Wheelers in Maharashtra in partnership with Cabeys.

Bengaluru, March 27, 2025: Wardwizard Innovations & Mobility Limited, a leading electric vehicle manufacturer operating under the brands ‘Joy e-bike’ and ‘Joy e-rik’, is further strengthening its presence in fleet operations and last-mile delivery mobility. Following the successful deployment of 100 electric two-wheelers in Hyderabad, the company, in partnership with SpeedForcEV, is now deploying 400 electric two-wheelers across Kolkata, Pune, and Ahmedabad.

The success of the Hyderabad deployment has generated significant demand from various industry players and regions across India. Wardwizard’s comprehensive end-to-end solutions, coupled with its extensive service network, have ensured record uptime for vehicles, enhancing operational efficiency and enabling delivery partners to exceed revenue expectations. This latest expansion will further strengthen the Quick Commerce and E-Commerce sectors by optimizing delivery operations for leading industry players.

Expanding beyond two-wheelers, Wardwizard, in collaboration with SpeedForcEV and Cabeys (a ride-hailing platform), will also deploy 200 L5 passenger electric three-wheelers in Maharashtra. This initiative aims to provide auto drivers with greater earning opportunities while offering daily commuters faster and more cost-effective transportation options.

Additionally, Wardwizard Innovations & Mobility has recently collaborated with AmpVolts, a key partner instrumental in this expansion. AmpVolts’ extensive EV charging network will play a crucial role in ensuring seamless operations for the deployed fleet, further reinforcing Wardwizard’s commitment to building a comprehensive and sustainable EV ecosystem.

Speaking on the expansion, Mr. Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Limited, said, “The noteworthy success of our Hyderabad deployment has proven the efficiency and reliability of our integrated fleet solutions. With the deployment of 400 electric two-wheelers and the plan to deploy 200 L5 passenger electric three-wheelers in the ride-hailing sector, we are enhancing efficiency for both delivery partners and daily commuters through reliable, high-performance EVs. Features like a long-range battery and seamless charging make it an ideal solution for last-mile mobility. With low operational costs, our fleet partners can maximize savings while contributing to a greener future. We aim to deploy 5000 L5 Passenger electric three-wheelers in the ride-hailing sector across various Indian states in FY 25-26. Our partnerships with SpeedForcEV, AmpVolts and Cabeys strengthen our vision of making electric mobility accessible, reliable, and financially rewarding for all stakeholders.”

With this latest expansion, Wardwizard Innovations and Mobility Limited is set to redefine last-mile delivery mobility and expand into the ride-hailing sector while reinforcing its position as a pioneer in India’s electric fleet ecosystem. Looking ahead, the company plans to accelerate its deployment strategy, targeting a larger fleet presence across key metropolitan cities and expanding its partnerships to further integrate smart mobility solutions into India’s logistics landscape.

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Bengaluru, March 17, 2025: Wardwizard Innovations & Mobility Limited (WIML), a leading manufacturer of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, has been recognized with the prestigious ‘Inspiring SME of the Year Award – Manufacturing & Service Sectors’ at the 23rd Edition of the India SME Excellence Awards, organized by the SME Chamber of India.

The award was presented by Shri C. P. Radhakrishnan, Hon’ble Governor of Maharashtra, in the presence of esteemed dignitaries, including Shri Uday Samant, Hon’ble Minister for Industries, and other prominent industrial leaders. This recognition acknowledges Wardwizard Innovations & Mobility Limited’s remarkable achievements and contributions to economic and industrial growth.

The SME Chamber of India applauded the company’s continuous efforts in business growth, expansion, and its commitment to innovation in the electric mobility sector. Wardwizard Innovations & Mobility Limited remains dedicated to driving sustainable advancements in the industry, furthering India’s transition to clean mobility solutions.

Expressing gratitude for the recognition, Mr. Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Limited, said, “This award is an affirmation to our relentless pursuit of innovation and excellence in the electric vehicle sector. We are honored to be recognized for our contribution to economic and industrial development. This achievement motivates us to continue our mission of shaping the future of sustainable mobility in India.”

The India SME Excellence Awards celebrate outstanding SMEs that demonstrate excellence in business performance, industry impact, and innovation. This year’s event underscored Maharashtra’s pivotal role in shaping the nation’s economic future by fostering sustainable industrial growth and entrepreneurial leadership. With participation from industry stalwarts and government dignitaries, the summit reinforced the collective commitment to advancing India’s economic development.

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Bengaluru, February 10, 2025: Wardwizard Innovations & Mobility Limited (WIML), a leading manufacturer of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, sold 3,830 electric two-wheelers, including both high-speed and low-speed models, in January 2025, recording an 18.76% year-on-year growth from 3,225 units sold in January 2024.

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Bengaluru, February 4, 2025: Wardwizard Innovations & Mobility Limited, a leading manufacturer of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, has announced its entry into fleet operations and last-mile delivery mobility under its flagship brand, Joy e-bike. In collaboration with SpeedforcEV under the banner of Optimotion, the company deployed its first batch of 100 electric two-wheelers in Hyderabad today. This strategic move marks a significant step toward providing sustainable, technology-driven solutions for delivery partners and fleet operators.

Unlike traditional fleet operations that focus solely on vehicle deployment, Wardwizard Innovations & Mobility Limited is introducing a first-of-its-kind holistic approach in India to ensure seamless operations for delivery partners. The initiative encompasses vehicle supply, 24/7 maintenance, spare parts availability, charging infrastructure, financing solutions, and insurance support—all provided through strategic partnerships. This integrated approach ensures zero downtime for fleet operators, maximizing vehicle uptime and optimizing revenue potential. Cashless Insurance services will be managed by Bluebells, financing by Mangalam Industrial Finance Limited, charging stations by Ampvolts Limited, and spare parts and maintenance by SpeedforcEV.

With an initial deployment for Zomato, Swiggy, Flipkart, Amazon, and BigBasket, the company plans to expand rapidly across major metropolitan cities beyond Hyderabad, including Chennai, Mumbai, Pune, Vadodara, Ahmedabad, Kolkata, Bangalore and Surat.

Speaking on the initiative, Mr. Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Limited, said: “This is a landmark moment for the Indian EV industry, as we are building endeavouring a complete end-to-end ecosystem to support fleet operations. Our partnership with SpeedforcEV for fleet operations, Mangalam Industrial Finance Limited, Mufin Green Finance, Bluebells Insurance Broking Pvt. Ltd., Ampvolts Limited and other key industry players ensures a hassle-free experience for businesses, maximizing uptime and revenue potential. We are targeting the deployment of 8,000 vehicles by March 2025, and scaling up to 50,000 vehicles by March 2026, reinforcing our commitment to driving EV adoption in the country. We are dedicated to revolutionizing last-mile mobility and fleet operations with innovative and sustainable solutions.”

This initiative represents a first-of-its-kind fully integrated smart mobility solution for fleet and logistics operations. Looking ahead, Wardwizard plans to extend its partnerships to B2B, B2C, and retail players, further strengthening its presence in the rapidly growing electric mobility sector.

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The collaboration aims to develop advanced battery cells customized to meet the specific performance requirements of Wardwizard Innovations’ electric vehicle portfolio, including high-speed scooters and three-wheelers. Leveraging C4V’s expertise in high charging cycle battery pack architecture and cells, insights into the right chemical combinations, and breakthroughs in highly stable LFP (Lithium Iron Phosphate) batteries optimized for India’s climatic conditions, the partnership promises to deliver high-performance battery solutions for electric vehicles.

Under the MoU, Wardwizard Innovations and C4V will work together to define product specifications, develop prototypes, and conduct rigorous testing to ensure superior performance and reliability. Additionally, the partnership highlights a shared commitment to localizing manufacturing in India, supporting the ‘Make in India’ initiative while fostering innovation in sustainable energy solutions.

Speaking on the occasion, Mr. Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Limited, said, “This partnership with C4V Holdings LLC is a milestone in our journey to revolutionize the EV ecosystem. By collaborating on cutting-edge battery technology, we aim to deliver innovative and sustainable solutions for our customers while contributing to India’s green mobility vision. This MoU reaffirms our commitment to localization and advancing technological capabilities in the EV industry.”

On this occasion, Dr. Shailesh Upreti, CEO of C4V, said, “We are excited to partner with Wardwizard Innovations to bring our advanced battery technology to India. This collaboration provides C4V with a valuable opportunity to establish supply agreements not only in India but also in other key regions. By leveraging Wardwizard’s expertise and market presence, we aim to deliver high-performance battery solutions that drive innovation and growth for both companies while supporting the global transition to sustainable energy.”

This partnership positions Wardwizard Innovations and C4V as key players in the development of advanced EV batteries, with plans to localize production in India while catering to global markets. By leveraging their expertise and resources, the two companies are poised to accelerate the adoption of electric mobility, contributing to a cleaner and more sustainable future.

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Under this venture, SpeedForce will also exclusively retail Joy e-bike models at its outlets, allowing customers to both purchase and service their Joy e-bikes conveniently in one location. This will also expand Joy e-bike’s reach into regions where dedicated showrooms are not currently available. This expanded availability will help Wardwizard to reach new customers and strengthen its presence across the country.

SpeedForce, which has a strong background in servicing internal combustion engine (ICE) vehicles, has recently ventured into the EV service segment, further promoting eco-friendly and green mobility. Through this joint venture, SpeedForce will help promote green mobility by supporting Joy e-bike’s commitment to sustainable transportation. Customers will benefit from having their vehicles serviced not only at Joy e-bike showrooms but also at SpeedForce outlets across India, especially in areas where Joy e-bike service stations are not present.

Additionally, SpeedForce outlets will be stocked with Joy e-bike spare parts, lubricants and technical support, ensuring that customers receive end-to-end service and maintenance. This extensive network will be particularly valuable in underserved regions like the Seven Sisters in Northeast India, where Wardwizard’s presence has been limited.

Mr. Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility Limited, stated, “We have been committed to improving the Joy e-bike experience, supporting our partners and expanding into new markets. The collaboration with SpeedForce offers us its extensive service network as well as provides us with a good platform to showcase our products to a larger market. In doing so we are not only taking our products to a larger population but also driving sales of our products. The partnership will help us offer customers a seamless and hassle free experience, strengthening our aftersales services and showcase key products while remaining commitment to an eco-friendly future.” 

Mr. Kapil Bhindi, Director, SpeedForce added, “We’re excited to join Wardwizard in reducing carbon emissions by expanding EV service access across India. Wardwizard offers superlative EV products, which would be of interest to a host of consumers. We are equipped to supporting an organization in both sales and aftersales. We understand our extensive network, digital tools and skilled EV technicians will provide exceptional service to Joy e-bike customers and contribute to a greener tomorrow.”

Leveraging the strong foothold of SpeedForce stronghold in these regions allows Joy e-bike to expand its reach and improve customer satisfaction through convenient service access and high-quality maintenance. This joint effort sets a strong example of industry collaboration to promote eco-friendly practices in India’s mobility sector, marking a step forward for a cleaner, more sustainable future.

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Bengaluru, 18 October 2024: Bringing festive cheer for the customers this festival season, Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, has announced exclusive and attractive offers to delight the customers.

As part of this celebration, the company is offering benefits of up to Rs. 30,000 on its flagship electric scooter Mihos, along with exciting offers across its entire range of electric two-wheelers. The offers are available at all authorized Joy e-bike dealerships and distributors across India as well as on popular online platforms such as Amazon and Flipkart till 15^th November 2024.

Additionally, the company has collaborated with Bluebells Insurance Broking Pvt. Ltd. to offer complimentary insurance for select purchases during the festive period. To make the shift to electric mobility more accessible, easy financing options are also available through Mangalam Industrial Finance Limited (MIFL) along with 15 Banks and NBFCs.

These festive offers are designed to provide customers with a unique opportunity to experience sustainable mobility at attractive prices, making this the perfect time to switch to electric two-wheelers. With deals applicable across all Joy e-bike models, this is an ideal opportunity to embrace eco-friendly transportation.

Make this Diwali memorable with Joy e-bike and take a step towards a greener and brighter future!

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Noteworthy, the company has already sold more than 6K (6,006) units of electric two wheelers, including high and low speed models in the first five months (April- August 2024) of this financial year.

Mr. Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility Limited, said, “With the beginning of the festival season, we are already witnessing high footfall and enquiries for our diverse range of product portfolio. As the market sentiments looks positive, we are expecting strong growth in the coming months especially with Navratri, Diwali and Bhaidooj. In the preparation of increased demand during these months, we are ensuring that all our deals across the region are well stocked with all the models.”

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This represents a 38% growth compared to the company’s sales in November 2023, when it sold 2,563 units of electric two-wheelers.It is noteworthy that the company has sold a whopping 23,926 units of electric two-wheelers in CY 2023 (Jan – Dec 2023).

Led by the strong demand for its products and with a vast presence across the country, the company also sold more than 17,000 units (17,919) of electric two-wheelers in the first three quarters of this financial year (April- December 2023).

The company is all set to showcase its new product line-up during the upcoming Vibrant Gujarat Business Summit in January 2024. The brand will showcase its concept two and three-wheelers catering to both personal and commercial mobility spaces. Visitors can experience Wardwizard’s technology at Mahatma Mandir, Gandhinagar, Stall No. P1 and P2A, Hall No. 2.

Highlights of the Calendar Year (January – December 2023)

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