Wardwizard's Boost: Promoters Inject Fresh Capital to Fuel EV Growth

Wardwizard Innovations & Mobility Ltd announced a significant capital infusion by its promoters, addressing key financial objectives and strengthening its position in the electric vehicle market. The move comes as the company aims to expand its product lineup and enhance its manufacturing capabilities. This strategic investment aligns with Wardwizard's commitment to innovation and sustainable mobility solutions.

 

The fresh capital is expected to support the company's ambitious plans, including the development of new high-speed electric two-wheelers and three-wheelers. It will also bolster Wardwizard's efforts in battery technology development, following its recent MoU with C4V, a New York-based lithium-ion battery technology firm.

 

This capital infusion demonstrates the promoters' confidence in Wardwizard's growth potential and their dedication to the "Make in India" initiative. The company is poised to capitalize on the rising demand for electric vehicles in India and expand its market share in the coming years.

 

Source: Company announcement, Business Standard