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2023-07-19T06:38:32Z

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{{Short description|Electric vehicle manufacturing company in India}}
{{Infobox company
| name = Wardwizard Innovations & Mobility
| logo =
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| type = [[Public company|Public]]
| traded_as = {{BSE|538970}}
| industry = {{plainlist|
*[[Automotive industry|Automotive]]
*[[Electric vehicles]]
*[[Motorcycle]]}}
| founded = {{Start date and age| 2016}}
| founder = Yatin Gupte
| area_served =India, Uganda, and Nepal
| key_people = Yatin Gupte ([[Chairman]])
| brands =
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| website = {{URL|www.wardwizard.in}}
}}

'''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]].<ref name="ETAuto.com 2021 z631">{{cite web | title=ET Auto | website=ETAuto.com | date=2021-05-30 | url=https://auto.economictimes.indiatimes.com/news/two-wheelers/motorcycles/wardwizard-lines-up-new-models-for-domestic-mkt-sets-eyes-on-overseas-expansion/83084389 | access-date=2023-07-11}}</ref><ref name="Navbharat Times 1970 e546">{{cite web | title=Joy e-bike, WardWizard के इलेक्ट्रिक दोपहिया वाहनों की भारत में बढ़ी मांग, अक्तूबर महीने में 502 फीसदी ज्यादा हुई बिक्री - wardwizard continues with strong sales momentum of electric two-wheelers in october 2021 | website=Navbharat Times | date=1970-01-01 | url=https://navbharattimes.indiatimes.com/auto/car-bikes/wardwizard-continues-with-strong-sales-momentum-of-electric-two-wheelers-in-october-2021/articleshow/87488005.cms | language=hi | access-date=2023-07-11}}</ref><ref name="Desk 2022 r044">{{cite web | last=Desk | first=Times Drive | title=WardWizard to launch two made-in-India electric scooters this month | website=TimesNow | date=2022-01-06 | url=https://www.timesnownews.com/auto/bike-news/article/wardwizard-to-launch-two-made-in-india-electric-scooters-this-month/846861 | access-date=2023-07-11}}</ref>

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.<ref name="ETAuto.com 2021 b019">{{cite web | title=Wardwizard Group ties up with Bajaj Allianz to offer Insurance policies to Joy e-Bike customers - ET Auto | website=ETAuto.com | date=2021-06-15 | url=https://auto.economictimes.indiatimes.com/news/two-wheelers/motorcycles/wardwizard-group-ties-up-with-bajaj-allianz-to-offer-insurance-policies-to-joy-e-bike-customers/83532694 | access-date=2023-07-11}}</ref><ref name="Bureau 2023 w853">{{cite web | last=Bureau | first=BL Chennai | title=Wardwizard Innovations Establishes EV Centre of Excellence in Collaboration with Dogra Regiment | website=The Hindu BusinessLine | date=2023-05-29 | url=https://www.thehindubusinessline.com/companies/wardwizard-establishes-ev-centre-of-excellence-for-defence-personnel/article66907714.ece | access-date=2023-07-11}}</ref><ref name="Standard 2023 w731">{{cite web | last=Standard| title=Wardwizard inks pact with Dogra Regiment to offer upskilling opportunities | website=Business News, Finance News, India News, BSE/NSE News, Stock Markets News, Sensex NIFTY, Union Budget 2023 | date=2023-05-30 | url=https://www.business-standard.com/india-news/wardwizard-inks-pact-with-dogra-regiment-to-offer-upskilling-opportunities-123053000641_1.html | access-date=2023-07-11}}</ref>

==History==
Wardwizard Innovations & Mobility was incorporated by Yatin Gupte in 2016.<ref name="Narayanan 2022 a772">{{cite web | last=Narayanan | first=Rajkamal | title=Our goal is to create an ecosystem for electric vehicles — Yatin Gupte, Wardwizard | website=Financialexpress | date=2022-05-15 | url=https://www.financialexpress.com/business/express-mobility-our-goal-is-to-create-an-ecosystem-for-electric-vehicles-yatin-gupte-wardwizard-2525636/ | access-date=2023-07-11}}</ref>
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]].<ref name="Singh 2021 i643">{{cite web | last=Singh | first=Varun | title=Wardwizard Innovations & Mobility inaugurates new electric two-wheeler manufacturing facility in Vadodara | website=India Today | date=2021-01-28 | url=https://www.indiatoday.in/auto/latest-auto-news/story/wardwizard-innovations-mobility-inaugurates-new-electric-two-wheeler-manufacturing-facility-in-vadodara-1763680-2021-01-28 | access-date=2023-07-11}}</ref>
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]].<ref name="Narayanan 2022 a772"/>

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]].<ref name="ETAuto.com 2021 w427">{{cite web | title=Wardwizard aims to achieve 25 percent of overall EV Market in India - ET Auto | website=ETAuto.com | date=2021-03-25 | url=https://auto.economictimes.indiatimes.com/news/industry/wardwizard-aims-to-achieve-25-percent-of-overall-ev-market-in-india/81687649 | access-date=2023-07-11}}</ref><ref name="Mukherjee 2021 i430">{{cite web | last=Mukherjee | first=Sharmistha | title=ET Auto | website=ETAuto.com | date=2021-11-06 | url=https://auto.economictimes.indiatimes.com/news/two-wheelers/scooters-mopeds/rising-fuel-prices-to-accelerate-the-conversion-to-e-mobility-in-the-two-wheeler-segment-wardwizard-ceo/87548017 | access-date=2023-07-11}}</ref> In May 2021, Wardwizard Innovations & Mobility Limited started supplying units from [[India]] to [[Uganda]].<ref name="ETAuto.com 2021 z631"/>

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]].<ref name="ETAuto.com 2021 w199">{{cite web | title=EV maker WardWizard inaugurates co's exclusive retail store in Pune; plans 3 more in Maharashtra - ET Auto | website=ETAuto.com | date=2021-10-23 | url=https://auto.economictimes.indiatimes.com/news/two-wheelers/motorcycles/ev-maker-wardwizard-inaugurates-cos-exclusive-retail-store-in-pune-plans-3-more-in-maharashtra/87227260 | access-date=2023-07-11}}</ref>

In December 2021 The company signed MoU with the [[Government of Gujarat]] for land acquisition.<ref name="ETAuto.com 2022 e881">{{cite web | title=Wardwizard and promoters acquire land to develop EV ancillary cluster in Vadodara - ET Auto | website=ETAuto.com | date=2022-01-24 | url=https://auto.economictimes.indiatimes.com/news/industry/wardwizard-and-promoters-acquire-land-to-develop-ev-ancillary-cluster-in-vadodara/89095403 | access-date=2023-07-11}}</ref><ref name="Bureau 2023 q430">{{cite web | last=Bureau | first=BW Online | title=Wardwizard Signs MoU With The Government Of Gujarat For EV R D Center | website=BW Businessworld | date=2023-07-11 | url=http://businessworld.inhttps://www.businessworld.in/article/Wardwizard-Signs-MoU-With-The-Government-Of-Gujarat-For-EV-R-D-Center/20-12-2021-415357 | access-date=2023-07-11}}</ref>
<ref name="The Hindu Bureau 2022 v224">{{cite web | author=The Hindu Bureau | title=WardWizard to start work on EV ancillary unit | website=The Hindu | date=2022-01-25 | url=https://www.thehindu.com/business/Industry/wardwizard-to-start-work-on-ev-ancillary-unit/article38323867.ece | access-date=2023-07-11}}</ref>

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.<ref name="The Times of India 2022 s906">{{cite web | title=Wardwizard Innovations & Mobility's vehicle sales rise in June | website=The Times of India | date=2022-07-02 | url=https://timesofindia.indiatimes.com/auto/bikes/wardwizard-innovations-mobilitys-vehicle-sales-rise-in-june/articleshow/92619629.cms | access-date=2023-07-11}}</ref><ref name="ETAuto.com 2022 f551">{{cite web | title=WardWizard enters high-speed electric scooter segment; launches three models - ET Auto | website=ETAuto.com | date=2022-02-12 | url=https://auto.economictimes.indiatimes.com/news/two-wheelers/scooters-mopeds/wardwizard-enters-high-speed-electric-scooter-segment-launches-three-models/89516347 | access-date=2023-07-11}}</ref>

In May 2022, Wardwizard Innovations & Mobility entered into a partnership with Sunkonnect, a [[renewable energy]] [[management]] consulting firm based in [[Singapore]].<ref name="Parikh 2022 n990">{{cite web | last=Parikh | first=Niyati | title=Gujarat: WardWizard to set up Li-Ion Advance Cell mfg unit at Vadodara | website=ETEnergyworld.com | date=2022-05-05 | url=https://energy.economictimes.indiatimes.com/news/power/gujarat-wardwizard-to-set-up-li-ion-advance-cell-mfg-unit-at-vadodara/91347540 | access-date=2023-07-11}}</ref> In the same year, Wardwizard Innovations & Mobility has entered into a [[partnership]] with Mangalam Industrial Finance to facilitate EV financing.<ref name="Desk 2022 l028">{{cite web | last=Desk | first=Express Mobility | title=WardWizard Mobility partners with Mangalam Industrial Finance for EV financing | website=Financialexpress | date=2022-09-24 | url=https://www.financialexpress.com/business/express-mobility-wardwizard-mobility-partners-with-mangalam-industrial-finance-for-ev-financing-2689771/ | access-date=2023-07-11}}</ref>

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]].<ref name="Bureau 2022 z583">{{cite web | last=Bureau | first=BL Bengaluru | title=WardWizard Innovations partners with iCreate to fund EV start-ups in India | website=The Hindu BusinessLine | date=2022-11-22 | url=https://www.thehindubusinessline.com/companies/wardwizard-innovations-partners-with-icreate-to-fund-ev-start-ups-in-india/article66169287.ece | access-date=2023-07-11}}</ref> In

January 2023, Wardwizard Innovations & Mobility Ltd launched their latest high-speed electric scooter called Mihos at the Auto Expo 2023.<ref name="ETEnergyworld.com 2023 a524">{{cite web | title=WardWizard Innovations and Mobility launches high-speed electric scooter Mihos | website=ETEnergyworld.com | date=2023-01-13 | url=https://energy.economictimes.indiatimes.com/news/power/wardwizard-innovations-and-mobility-launches-high-speed-electric-scooter-mihos/96953836 | access-date=2023-07-11}}</ref>

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]].<ref name="Bureau 2023 w853"/><ref name="Standard 2023 w731"/>

==Production and infrastructure==
The company's [[Vadodara]] [[plant]] has a production capacity of 9000 vehicles per month.<ref name="ETAuto.com 2021 w427"/>
According to [[The Economic Times|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]].<ref name="ETAuto.com 2021 u241">{{cite web | title=ET Auto | website=ETAuto.com | date=2021-09-28 | url=https://auto.economictimes.indiatimes.com/news/two-wheelers/ev-maker-wardwizard-to-double-annual-production-capacity-to-2-lakh-units/86583164 | access-date=2023-07-11}}</ref>

The company invested approximately Rs 650 crore towards the [[manufacturing]] of advanced [[Li-ion]] cells and the development of related infrastructure.<ref name="ETAuto.com 2022 t136">{{cite web | title=ET Auto | website=ETAuto.com | date=2022-05-29 | url=https://auto.economictimes.indiatimes.com/news/auto-components/wardwizard-lines-up-rs-650-cr-investment-to-set-up-li-ion-plant-related-infra/91865896 | access-date=2023-07-11}}</ref><ref name="Jha 2022 t504">{{cite web | last=Jha | first=Shakti Nath | title=WardWizard plans to set up Li-ion advance cells manufacturing unit in Gujarat | website=Financialexpress | date=2022-05-06 | url=https://www.financialexpress.com/auto/electric-vehicles/wardwizard-plans-to-set-up-li-ion-advance-cells-manufacturing-unit-in-gujarat/2515266/ | access-date=2023-07-11}}</ref><ref name="The Times of India 2023 c067">{{cite web | title=Wardwizard Begins Operations At 1gwh Battery Plant | website=The Times of India | date=2023-03-25 | url=https://timesofindia.indiatimes.com/city/ahmedabad/wardwizard-begins-operations-at-1gwh-battery-plant/articleshow/98983857.cms | access-date=2023-07-11}}</ref><ref name="Desk 2022 t373">{{cite web | last=Desk | first=Express Mobility | title=WardWizard plans to set up Li-ion advance cells manufacturing unit at its electric vehicle ancillary cluster in Vadodara | website=Financialexpress | date=2022-05-05 | url=https://www.financialexpress.com/business/express-mobility-wardwizard-plans-to-set-up-li-ion-advance-cells-manufacturing-unit-at-its-electric-vehicle-ancillary-cluster-in-vadodara-2513771/ | access-date=2023-07-11}}</ref>

In September 2022, Wardwizard Innovations & Mobility established its first Global R&D headquarters in [[Singapore]]. <ref name="ETAuto.com 2022 k321">{{cite web | title=WardWizard inks pact with Singapore entity to firm up plans to produce Li-ion cells - ET Auto | website=ETAuto.com | date=2022-05-04 | url=https://auto.economictimes.indiatimes.com/news/auto-components/wardwizard-inks-pact-with-singapore-entity-to-firm-up-plans-to-produce-li-ion-cells/91318617 | access-date=2023-07-11}}</ref>

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.<ref name="ETEnergyworld.com 2023 c867">{{cite web | title=Wardwizard Innovations commences operations of in-house lithium-ion battery assembly line | website=ETEnergyworld.com | date=2023-03-25 | url=https://energy.economictimes.indiatimes.com/news/power/wardwizard-innovations-commences-operations-of-in-house-lithium-ion-battery-assembly-line/98983111 | access-date=2023-07-11}}</ref><ref name="Standard 2023 v252">{{cite web | last=Standard | title=Wardwizard commences operations of lithium-ion battery assembly line | website=Business News, Finance News, India News, BSE/NSE News, Stock Markets News, Sensex NIFTY, Union Budget 2023 | date=2023-03-24 | url=https://www.business-standard.com/article/news-cm/wardwizard-commences-operations-of-lithium-ion-battery-assembly-line-123032400569_1.html | access-date=2023-07-11}}</ref>

== References ==
{{reflist}}

[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Electric vehicle infrastructure developers]]
[[Category:Electric vehicle battery manufacturers]]
[[Category:Electric vehicle manufacturers of India]]
[[Category:Battery electric vehicle manufacturers]]
[[Category:Scooter manufacturers]]
[[Category:Electric scooters]]
[[Category:Electric vehicle industry]]

Wardwizard Innovations & Mobility Limited - Revision history

Balusingh: Article shaped.