In a groundbreaking move, Wardwizard Innovations & Mobility Ltd. (WIML), renowned for its ‘Joy e-bike’ brand in India, has inked a strategic Memorandum of Understanding (MOU) with Triton EV, a prominent U.S.-based electric vehicle manufacturer. This five-year partnership is geared towards reshaping the electric vehicle landscape in India and the UAE.
The MOU signing ceremony, a pivotal event, unfolded at Wardwizard’s Head Office in Vadodara. Mr. Himanshu Patel, Triton EV’s Founder, and Mr. Yatin Sanjay Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility Limited, sealed this transformative agreement.
This strategic alliance sees Triton EV appointing WIML as its manufacturing partner for Battery Operated trucks in India and the UAE. Additionally, WIML will expand its manufacturing capacity to produce Two-wheelers and Three-wheelers for Triton EV. The collaboration underscores a joint commitment to fostering electric vehicle industry growth, aligning with governmental visions for greener mobility.
Notably, Triton EV is committed to transferring technology for hydrogen battery packs in two and three-wheelers to WIML, along with crucial technology assistance for production line setup and expansion in India.
An exceptional facet of this collaboration is the mutual agreement to share vendors and suppliers, ensuring seamless business operations. Moreover, WIML will actively participate in vendor development for both entities, fortifying a robust and interconnected supply chain.
Aligned with its dedication to environmental sustainability, WIML aims to initiate the production of hydrogen battery-operated Trucks, two-wheelers, and three-wheelers in India in collaboration with Triton EV. This ambitious venture resonates with the shared vision of driving innovation and environmental responsibility in the electric vehicle domain.
Mr. Yatin Sanjay Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Ltd., expressed enthusiasm about the partnership’s potential to redefine the electric vehicle landscape by merging manufacturing expertise with Triton’s cutting-edge technology. He emphasized WardWizard’s commitment to supporting Triton EV in manufacturing electric vehicles for the India and UAE markets.
Mr. Himanshu Patel, Founder of Triton EV, hailed the MOU as a significant step in the company’s expansion strategy into new markets. He praised Wardwizard’s skilled workforce and top-tier manufacturing capabilities, anticipating a strengthened presence in India and the UAE markets through advanced products and technology.
This MOU signifies a substantial leap towards embracing green mobility solutions in India and the UAE. The collaboration between WIML and Triton EV is poised to significantly contribute to the electric vehicle transition, aligning with the nations’ sustainable transportation goals.
