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Wardwizard Drives Philippines’ Electric Vehicle Revolution with Landmark Order

11 June 20243 mins read by Angel One
Wardwizard Innovations & Mobility secured an order worth USD 1.29 billion from Beulah International Development Corporation to deliver products from its existing portfolio.
Wardwizard Drives Philippines’ Electric Vehicle Revolution with Landmark Order
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Wardwizard Innovations & Mobility Limited (WIML), a leading Indian electric vehicle (EV) manufacturer known for its “Joy e-bike” and “Joy e-rik” brands, has secured a monumental order valued at USD 1.29 billion. This significant deal comes from Beulah International Development Corporation, a prominent full-service business integrator and EPC firm in the Philippines backed by RP Connect.

Electrifying Public Transportation

The partnership signifies a strategic collaboration formalised through a Memorandum of Understanding (MoU) aimed at revolutionising the Philippines’ public transportation system with clean and efficient electric vehicles. WIML will fulfil this order by delivering a range of electric vehicles from its existing portfolio, including two-wheelers, three-wheelers (both commercial and passenger variants), and specially developed four-wheelers for commercial use in the Philippines.

Signing the Future

The MoU signing ceremony was a momentous occasion, witnessed by Mr Shreyas Kurhekar, Head of Production and Business Development (Exports) for WIML, and Ms Nadia Arroyo, President of Beulah International Development Corporation, along with esteemed representatives from both organisations.

Beyond Vehicles, Building a Brighter Future

This collaboration transcends mere vehicle deliveries. It envisions a multifaceted transformation of the Philippines’ transportation landscape. Key objectives include:

  • Introducing innovative EV technology: WIML will introduce cutting-edge electric vehicle technology, paving the way for a cleaner and more sustainable transportation ecosystem in the Philippines.
  • Job creation: The partnership is expected to create significant job opportunities, fostering economic growth within the Philippines.
  • Supporting the local economy: The collaboration aims to empower the local Philippine economy through strategic partnerships and potential manufacturing initiatives.

This strategic partnership aligns perfectly with the Philippine government’s ambitious Public Utility Vehicle Modernization Program (PUVMP). This program, spearheaded by the Department of Transportation, aims to modernise the nation’s public transportation system by replacing outdated gasoline and diesel vehicles with modern, eco-friendly electric alternatives.

“We would like to thank Beulah International and RPConnect for showcasing their trust in our technology and robust product portfolio. India is becoming a hub of electric mobility for the global market, and such collaborations are a testament to our efforts in this direction. This opportunity will allow us to introduce our cutting-edge electric 2W Scooters and develop 3W e-Trike (D+10), e-Trike (D+3 Passenger), e-Trike (D+5), e-Trike Cargo, Electric Mini Truck (1.5 Ton) and Golf Carts (6 & 14 seater) for the Philippines market,” said Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Limited.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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