Wardwizard Secures $1.29 Billion Order from Philippine Company for Public Transport EVs
Wardwizard Innovations & Mobility Ltd. (WIML), a leading manufacturer of electric vehicles under the ‘Joy e-bike’ and ‘Joy e-rik’ brands in India, has landed a substantial order worth USD 1.29 billion from Beulah International Development Corporation, a prominent business integration company and EPC firm in the Philippines, supported by RP Connect.
WIML will supply its existing range of electric two-wheelers and three-wheelers for both commercial and passenger vehicle segments and will also develop four-wheelers for commercial use in the Philippines market. This order is part of a strategic collaboration, formalized through a Memorandum of Understanding (MoU), aimed at transforming the public transportation system in the Philippines with electric vehicles.
The MoU was signed by Mr. Shreyas Kurhekar, Head of Production and Business Development (Exports) at WIML, and Ms. Nadia Arroyo, President of Beulah International Development Corporation, along with other key members from both organizations.
This partnership seeks to revolutionize public transport in the Philippines by introducing innovative electric vehicle technology, generating new job opportunities, and supporting the local economy.
“We are grateful to Beulah International and RP Connect for their trust in our technology and robust product portfolio. India is emerging as a hub for electric mobility in the global market, and collaborations like this validate our efforts. This opportunity will allow us to introduce our advanced electric two-wheelers, develop various e-Trikes, e-Trike Cargo, Electric Mini Truck, and Golf Carts for the Philippines market.”
Yatin Gupte, Chairman & Managing Director of WIML, expressed his excitement about the collaboration.
The partnership is consistent with the Public Utility Vehicle Modernization Program (PUVMP) of the Philippine government, an ambitious endeavor headed by the Department of Transportation that aims to replace antiquated gasoline and diesel vehicles with contemporary electric alternatives to provide a safer and more organized daily transportation service. To fundamentally alter the transportation environment, Wardwizard Innovations & Mobility Ltd. and Beulah International will provide cutting-edge electric vehicle technology to the Philippines through this strategic relationship.
“Wardwizard’s advanced EV solutions will revolutionize public transportation in the Philippines, and we are eager to witness this transformation. As part of the partnership, we will facilitate the sales and distribution of electric vehicles in the Philippines. This initiative will not only change the face of the transportation system but also create new employment opportunities and bring substantial investment to support the local economy over the next decade.”
Ms. Nadia Arroyo, President of Beulah International Development Corporation, emphasized the economic benefits of the collaboration, stating.
Wardwizard Innovations & Beulah International reaffirmed their commitment to the Philippines’ transportation industry in a joint statement. They demonstrated their readiness to work with the local government and people to actively participate in the Philippines’ transportation future.
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