Joy e-bike

Wardwizard Innovations & Mobility Limited is a leading provider of clean and greener alternatives solutions under its core vertical Joy E-Bike. The company was formed under the leadership of Chairman and MD – Mr. Yatin Gupte, headquartered in Vadodara, Gujarat.

Wardwizard Innovations and Mobility Limited believes in the vision: To Empower 55,000 Enterprises For Prosperity.

Mr. Gupte founded Wardwizard Group. in 2016 and since then our EV Operations started. In October 2019, Wardwizard acquired a listed entity and in March 2020 name and object change procedures were completed. And the company was renamed as Wardwizard Innovations and Mobility Ltd. which became India’s 1st BSE listed entity with the core value of EV manufacturing with an aim to provide sustainable greener alternatives to current ways of life.

Under Mr. Gupte’s leadership, the Company’s market cap grew from INR500 crore in September 2020 to INR2022 crore in March 2022. The company is not only gaining popularity for its innovative and distinguished products in India, but it has spread its wings in global markets as well.

Core Vertical

Joy E-Bike is one of India’s leading E-Bike manufacturers with more than 10+ models under its portfolio. The company has been providing a greener alternative to traditional fuel- driven two-wheelers and has already grown with over 45000+ happy customers through its 550+ touchpoints present in more than 50+ cities.

Joy E-bike production:

Boosting the ‘Make-in-India’ initiative to enhance the greener alternatives in the electric vehicle industry, Wardwizard Innovations & Mobility inaugurated the ‘State-of the Art’ facility in January 2021 for Joy E-Bike in Vadodara, Gujarat. The plant has an annual installed production capacity of 4 to 6 lacs units in 2-3 shifts.

The new plant also aligns with one of Joy E-Bike’s founding principles– Self-reliance and Make in India. Every component of the e-bikes is made in-house. The company also highly focusing and investing on development of new technologies through its own Research and Development vertical.

Warwizard EV Ancillary Cluster:

Wardwizard Innovations and Mobility Ltd jointly with jointly with its Promoters & Promoters’ Group acquire 4 million sqft of Land to Develop India’s First-Ever Electric Vehicle Ancillary Cluster in Vadodara to eliminate the ongoing challenges of raw materials supply for electric vehicle manufacturing in India. The ancillary will foster the growth of the EV industry with the manufacturing of essential components like lithium-ion cell manufacturing unit, lithium-ion battery assembly unit, electric motor, chassis, steel parts, chargers, controllers, R&D centre, production for electronic

components, etc. Considering the size of the ancillary, it is expected to generate additional more than 6000 jobs in the state.

Wardwizard Innovations and Mobility Limited authorised SunKonnect Pte ltd., a private company registered in Singapore to evaluate and identify the technology partner for its 1GWh upcoming Lithium Manufacturing facility in Vadodara, Gujarat.

Way Forward:

• Pan India Presence: To Have Presence Pan India by 2023
• New Product Launches: New EV offerings at various price points. Company would be launching 1 more robust high speed electric vehicle and entering to 3-Wheeler passenger
• Eyeing 3W Market: Company is foraying to enter 3 e-wheeler space
• Capacity expansion: Automation of our assembly line has enabled to increase the product
• Export Revenues: Export destination to be mainly Middle – east, European and African

Product Portfolio

Connect with Joy E-Bike:

Website: https://www.joyebike.com/

Facebook: https://www.facebook.com/joyebikeofficial/

Twitter: https://twitter.com/joy_ebike

Instagram: https://www.instagram.com/joy_ebike/

YouTube: https://www.youtube.com/channel/UCXssQz7i0KWkTfiag1zBmEw