Introduction:
Leading electric vehicle manufacturer has launched 100 electric two-wheelers in Hyderabad for fleet operations, introducing India’s first holistic smart fleet solution. The initiative aims to enhance last-mile delivery services with comprehensive support for fleet operators.
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Share price movement of Wardwizard Innovations & Mobility:
On February 4, 2025, Wardwizard Innovations & Mobility Ltd opened at ₹31.64, up 0.16% from its previous close of ₹31.59. The stock reached a high of ₹32.48 (1.61%) and a low of ₹31.64. By 13:05 PM, it traded at ₹32.10, a 1.61% increase, with a market cap of ₹836.83 crore.
Wardwizard Launches 100 EVs for Fleet Operations:
Wardwizard Innovations & Mobility Limited has forayed into fleet operations with the launch of 100 electric two-wheelers under its Joy e-bike brand in Hyderabad. This marks a significant step in last-mile delivery mobility solutions.
In collaboration with SpeedforcEV, the company is introducing India’s first holistic smart fleet solution. This includes vehicle supply, 24/7 maintenance, charging infrastructure, financing, spare parts, and insurance services, ensuring seamless operations and zero downtime for delivery partners.
With initial deployments for major delivery platforms like Zomato, Swiggy, and Flipkart, Wardwizard aims to expand its fleet operations to key metropolitan cities, including Chennai, Mumbai, Pune, and Bangalore.
Recent news on Wardwizard Innovations & Mobility:
As of January 06, 2025, Wardwizard Innovations & Mobility Ltd signed an MoU with C4V, a New York-based lithium-ion battery technology company. The partnership aims to enhance EV performance, localize manufacturing, and support the Make in India initiative.
Stock performance of Wardwizard Innovations & Mobility for Period of 1 week, 6 months and 1 year:
Wardwizard Innovations & Mobility Ltd has faced a decline of 1.53% over the past week. Over the last six months, its return has decreased by 43.2%, and the one-year return stands at a significant negative 61.2%, indicating challenging performance.
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Shareholding pattern of Wardwizard Innovations & Mobility:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 51.50% | 54.50% | 58.60% |
| FII | 0% | 0% | 0.00% |
| DII | 0.00% | 0.00% | 0.00% |
| Public | 48.50% | 45.50% | 41.40% |
About Wardwizard Innovations & Mobility:
Wardwizard Innovations & Mobility Ltd (BSE: 538970) is a leading EV manufacturer in India, known for its clean and green solutions. It launched its first low-speed electric scooter in 2018 and offers a diverse range of electric 2-wheelers and 3-wheelers.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
