Wardwizard Innovations, known for its electric vehicle brands ‘Joy e-bike’ and ‘Joy e-rik’, reported the sale of 1,195 electric two-wheelers in September 2024. Over the first half of the fiscal year 2024-25, the company sold 7,201 units, including both high-speed and low-speed models.
In a significant development, Wardwizard received a Letter of Intent (LOI) from Prince Abdulaziz of Saudi Arabia to establish a Joint Venture. This partnership aims to build manufacturing plants in Saudi Arabia for assembling electric motorbikes, three-wheelers, four-wheelers, buses, and EV cells.
This venture underscores Wardwizard’s commitment to sustainable mobility solutions and marks a critical step in its global expansion strategy.
