Wardwizard Innovations & Mobility (WIML), the manufacturer of electric vehicles under the ‘Joy e-bike’ brand, signed a Memorandum of Understanding (MOU) with Triton EV, a US-based electric vehicle manufacturer.
The MOU signing, a monumental event, took place at the Wardwizard Head Office in Vadodara. Himanshu Patel, Founder of Triton EV, and Yatin Sanjay Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility, inked this agreement.
Under this alliance, Triton EV has selected WIML as its manufacturing partner for battery-operated trucks in India and the UAE. Furthermore, WIML will expand its manufacturing capabilities to produce two and three-wheelers for Triton EV.
Triton EV’s commitment includes the transfer of technology for hydrogen battery packs used in two and three-wheelers, coupled with technology assistance for setting up production lines and expansion in India.
A unique aspect of this collaboration is the agreement to share respective vendors and suppliers, ensuring an efficient business operation. Additionally, WIML will play a pivotal role in vendor development for both parties, ensuring an interconnected supply chain.
WIML plans to commence manufacturing hydrogen battery-operated trucks, two-wheelers, and three-wheelers in India in the coming days in partnership with Triton EV.
Yatin Sanjay Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd., expressed, “Under the partnership, we are poised to combine our manufacturing expertise with Triton’s cutting-edge technology, redefining the electric vehicle landscape in the market. WardWizard shall support TEV in manufacturing electric trucks, two & three-wheelers for the India and UAE markets from its state-of-the-art facility in Vadodara. We are confident that this association will boost the ‘Make-in-India’ initiative and pave the way for advanced products.”
Himanshu Patel, Founder, Triton EV, stated, “This Memorandum of Understanding (MoU) marks a significant milestone in our expansion plan as we enter new markets. This association will not only help strengthen our presence across the Indian and UAE markets but will also support the EV industry’s growth with advanced products and cutting-edge technology.”
