Wardwizard Innovations & Mobility announced a strategic partnership with Mufin Green Finance, a prominent NonBanking Financial Company (NBFC) specializing in three-wheeler (3W) electric vehicle loans. This partnership exclusively focuses on providing customised financing solutions for Wardwizard`s L3 Passenger and L5 Cargo electric three-wheeler models, enhancing accessibility and ownership for customers across India.Under this agreement, Mufin Green Finance Limited will provide seamless financial solutions to customers purchasing L3 & L5 Passenger and Cargo electric three-wheelers of Wardwizard Innovations & Mobility Limited through its authorized dealer network. Wardwizard will facilitate proper documentation, ensure vehicle registration with hypothecation to Mufin, and guarantee timely delivery. The company ensures seamless battery support for both Lead Acid and Lithium Batteries, offering reliable performance during the eligible warranty timeframe. A notable highlight of this partnership is that Mufin Green shall also extend its financing solutions to support fleet operations (B2B) for Joy e-bike electric two-wheelers (2W) and Joy e-rik electric three-wheelers (3W). This includes providing tailored financing options for fleet owners and operators, further accelerating the adoption of electric vehicles in the commercial and logistics sectors.Powered by Capital Market - Live News

Wardwizard Innovations & Mobility introduced a new range of `Made in India` passenger and commercial electric three wheelers under the brand Joy e-rik and launched all new high speed electric scooter `Nemo` under the brand Joy e-bike. Making electric three wheelers more reliable, safe and practical for driver and passengers, the company has launched two models under passenger vehicle segment - Joy e-rik V1 (L5) and Joy Bandhu (L3). In the commercial segment, the company launched two models Joy Sahayak + Cargo (L5) and Joy Eco Loader (L3). The commercial models will be available across authorised dealerships. In its endeavour to strengthen the e-mobility landscape in the country, Wardwizard Innovations & Mobility Limited will be collaborating closely with fleet operators in India to provide sustainable and cost-effective transportation solutions for electrified last-mile delivery, shared mobility, and logistics sectors and thereby accelerate the adoption of electric vehicles (EVs). By leveraging Wardwizard`s advanced EV technology and operational expertise, the collaboration will help fleet operators reduce their carbon footprint, achieve significant savings on operational costs, and enhance efficiency. Focusing on innovation and localization, Wardwizard is offering customized solutions tailored to the address the diverse needs of Indian fleet operators. Further strengthening the product portfolio of Joy e-bike, the company also launched its new high speed electric scooter `Nemo` that features bold design with impressive performance, new features and technology to bring utmost comfort and convenience to the rider. The new offering from Joy e-bike marks an important moment in reaching new audience. The booking of the new model will begin from today across all the authorised dealership. Powered by Capital Market - Live News

Wardwizard Innovations & Mobility has signed a Memorandum of Understanding (MoU) with Ampvolts (formerly Quest Softech (India)), a prominent EV charging stations and infrastructure provider. This strategic collaboration aims to advance green mobility solutions by leveraging the synergies of both organizations to develop robust EV charging infrastructure in India and globally. As part of the agreement, Wardwizard Innovations & Mobility will play a pivotal role in identifying strategic locations for setting up EV charging stations and serving as the front end partner for key projects. The company will also ensure the provision of necessary resources, including financial support, to bolster the development of a comprehensive EV ecosystem. Ampvolts will complement this partnership by supplying state-of-the-art electric vehicle charging equipment, including chargers and associated hardware, to Wardwizard Innovations & Mobility Limited. They will also provide customized CMS software solutions to facilitate payment gateways and online monitoring systems. The company will also extend its Battery as a Service (BaaS) offerings to Wardwizard`s B2B clients, delivering innovative and comprehensive solutions to enhance business operations. Powered by Capital Market - Live News

Net loss of Wardwizard Innovations & Mobility reported to Rs 6.22 crore in the quarter ended September 2024 as against net profit of Rs 2.55 crore during the previous quarter ended September 2023. Sales rose 18.37% to Rs 58.18 crore in the quarter ended September 2024 as against Rs 49.15 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales58.1849.15 18 OPM %-3.0612.17 - PBDT-5.445.05 PL PBT-6.963.41 PL NP-6.222.55 PL Powered by Capital Market - Live News

Wardwizard Innovations & Mobility will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live News