Wardwizard Innovations & Mobility Ltd.
3.51
INR
-0.17
(-4.62%)
ISIN
INE945P01024
Return %
Stock
S&P 500
1Y
- -
13.14
3Y
- -
80.78
5Y
- -
67.74
Capital Structure
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Yatin Sanjay Gupte
- Full Time Employees
- 163
- Sector
- Finance
- Industry
- Real estate development
- Address
- Survey 26/2 Vadodara GJ India 390019
- IPO Date
- Feb 27, 2015
- Website
- wardwizard.in
- Similar Companies
- Business
- Wardwizard Innovations & Mobility Limited Wardwizard Innovations & Mobility Limited, founded in 1982 and headquartered in Vadodara, Gujarat, India, manufactures and sells electric vehicles, including two-wheelers under the flagship Joy e-bike brand and three-wheelers under the Joy e-rik brand; its product portfolio comprises more than 10 electric two-wheeler models such as low-speed and high-speed electric scooters, e-bikes including MIHOS, Wolf+, Gen Next Nanu, Thunderbolt, Hurricane, Beast, Skyline, E-Monster, and Golb, along with 3-plus electric three-wheeler models featuring lithium-ion batteries; the company also produces spare parts, develops EV ancillary components through its EV Ancillary Cluster initiative covering lithium-ion battery assembly, electronic components, chassis and steel parts, and operates in-house R&D, testing facilities, and battery assembly lines with 1 GWh annual capacity. Wardwizard focuses exclusively on the electric vehicle sector, targeting urban commuters, fleet operators, and eco-conscious consumers across diverse socio-economic segments with affordable, zero-emission, cost-effective mobility solutions emphasizing "Make in India" components like poly dicyclopentadiene (PDCPD) for durability. The company maintains state-of-the-art manufacturing facilities in Vadodara, a new assembly line in Deoghar, Jharkhand, an experience center in Delhi, and a subsidiary Wardwizard Global PTE Ltd in Singapore for international expansion; it operates domestically throughout India including North-Eastern regions and exports to the Middle East, Europe, Africa, and the Philippines. Recent developments include a rights issue in October 2025 raising Rs 44.14 crore through 4.01 crore equity shares at Rs 11 each to fund growth; strategic partnerships such as a joint venture with Speedforce for service network and fleet deployment of 2,500 Wolf+ scooters in June 2025, collaboration with XiCon International for 7,500 Joy e-bike scooters in May 2025, Battery Smart for battery-swapping in two-wheelers, Ampvolts for EV charging infrastructure, C4V for battery technology via MoU in January 2025, and strengthening a $1.29 billion EV partnership with Beulah International including shipments to the Philippines; fleet expansions with 400 electric two-wheelers deployed in Kolkata, Pune, and Ahmedabad in March 2025, launch of India's first holistic smart fleet solution in Hyderabad in February 2025, and new product deployments like custom e-trikes; the company also inaugurated in-house battery assembly operations, showcased hydrogen-powered e-scooter concepts at Bharat Mobility Expo 2024, and pursues ambitions for 25% electric two-wheeler market share by 2030.