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Wardwizard, Triton EV forge transformative partnership to drive EV Revolution in India and UAE
Industry News- Dec 04,23
In this strategic partnership, Triton EV has chosen WIML as its manufacturing partner for Battery Operated trucks in India and the UAE.
Wardwizard Innovations & Mobility, a prominent electric vehicle manufacturer known for its 'Joy e-bike' brand in India, has entered into a strategic Memorandum of Understanding (MOU) with Triton EV, a distinguished US-based electric vehicle manufacturer. This collaborative agreement, spanning five years, is set to revolutionise the electric vehicle landscape in both India and the UAE.
The MOU, considered a landmark event, was formalised at the WardWizard Head Office in Vadodara, where Himanshu Patel, Founder of Triton EV, and Yatin Sanjay Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility, sealed this transformative deal.
In this strategic partnership, Triton EV has chosen WIML as its manufacturing partner for Battery Operated trucks in India and the UAE. Additionally, WIML will expand its manufacturing capabilities to produce two-wheelers and Three-wheelers for Triton EV. The collaboration underscores a shared commitment to fostering the growth of the electric vehicle industry and aligning with the government's vision to enhance green mobility.
As part of Triton EV's commitment, there will be a Transfer of Technology for hydrogen battery packs used in two and three-wheelers, along with crucial technology support for setting up production lines and expansion in India.
A notable aspect of this collaboration is the agreement to share respective vendors and suppliers, ensuring a seamless and efficient business operation. WIML will also play a crucial role in vendor development for both parties, ensuring a robust and interconnected supply chain.
WIML, dedicated to environmental sustainability, plans to commence the manufacturing of hydrogen battery-operated Trucks, two-wheelers, and three-wheelers in India in the coming days in partnership with Triton EV. This ambitious endeavor aligns with the shared vision of both companies to drive innovation and environmental responsibility in the electric vehicle space.
Yatin Sanjay Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Ltd., expressed, “In line with our commitment to growing sustainable mobility and encouraging the use of electric vehicles, we are delighted to partner with Triton EV (TEV), one of the leading EV manufacturers in the United States of America. Under the partnership, we are poised to combine our manufacturing expertise with Triton's cutting-edge technology, redefining the electric vehicle landscape in the market."
Himanshu Patel, Founder of Triton EV, stated, “This Memorandum of Understanding (MoU) marks a significant milestone in our expansion plan as we enter new markets. India is leading from the front in EVolution, and we are delighted to partner with WardWizard, which comes with a skilled workforce and one of the best manufacturing capabilities. This association will not only help strengthen our presence across the Indian and UAE markets but will also support the EV industry's growth with advanced products and cutting-edge technology.”
The signing of this MOU signifies a substantial leap toward realising the potential of green mobility solutions in India and the UAE. WIML and Triton EV are poised to contribute significantly to the transformative shift towards electric vehicles, further bolstering the nation's commitment to sustainable transportation.
Source: SMEStreet
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