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Wardwizard’s Electric Vehicle Expansion

New Joint Venture in Saudi Arabia for Sustainable Mobility

by Huda Marshad
October 10, 2024
in Industry
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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.

Tags: Electric VehiclesJoint VentureSaudi ArabiaSustainable MobilityWardwizard Innovations
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