Wardwizard on right way!

Gujarat based, Wardwizard Innovations & Mobility is a company engaged in manufacturing eco-friendly electric scooters and vehicles. It operates in the electric vehicle manufacturing sector in multiple countries, including India, Uganda, and Nepal.

This stock is in the limelight today, rising over 10% to hit a new 52-week high at Rs.75.80 on the back of a robust surge in volumes.

The company announced today morning that in the Vibrant Gujarat Global Summit, it showcased the concept models of two High-Speed Electric Scooters along with the concept models of four Electric Commercial Vehicles: Golf Cart (6 seater), Garbage Vehicle, E-Cart and E-Loader Vehicle.

It Hydrogen-based Fuel Cell Powered Scooter prototype is a pioneering venture into alternative cell chemistry. Currently in the R&D stage, the concept of Hydrogen based fuel cell, if successful can be utilized across varied segments, including the utility vehicles. This initiative is part of a collaboration with Triton EV.

Also, under the recently inked Rs.2000 crore MoU with the Government of Gujarat, Wardwizard made substantial investments in research and development of electric two and three-wheelers, the establishment of a motor assembly at Vadodara's facility, Li-ion Cell production, and the development of ancillaries for raw material manufacturing.