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* - Tentative Dates
The company proposes to utilize the Net Proceeds towards funding the following Objects:
Wardwizard Innovations & Mobility Ltd's revenue decreased by 5% and profit after tax (PAT) dropped by 53% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 412.86 | 285.39 |
| Total Income | 305.35 | 321.63 |
| Profit After Tax | 6.36 | 13.44 |
| Amount in ₹ Crore | ||
Wardwizard Innovations & Mobility Limited, is one of the leading players in Electric Vehicle (EV) sector. The company provides revolutionizing mobility and electric two-wheelers and three-wheelers under brands like Joy e-bike and Joy e-rik.
Manufacturing facility: Vadodara, Gujarat, across 1,10,000 sq. ft. with annual production capacity of 1.2 lakh units, scalable to 3 to 4 lakhs.
Wardwizard’s product portfolio includes a wide range of electric two-wheelers and three-wheelers that balance affordability, performance, design, and utility. The two-wheeler range, equipped with features such as anti-theft technology and reverse mode, serves diverse age groups from teenagers to senior citizens. Its three-wheeler lineup includes the E-Rik for affordable commuting, the E-Cart Garbage Container designed for municipal and environmental applications, and the E-Loader for efficient goods transport.
