Wardwizard Innovations receives order for 2,500 Wolf+ electric scooters from SpeedforcEV for urban deployment
By Aditya Bhagchandani Published on June 6, 2025, 12:24 IST
Shares of Wardwizard Innovations & Mobility Ltd may remain in focus after the company announced it has secured an order for 2,500 units of its flagship Wolf+ electric scooter from SpeedforcEV. The scooters will be deployed across key Indian cities, including Mumbai, Ahmedabad, Delhi, and Pune, marking a major step in the company's expansion into the urban mobility and last-mile delivery segment.
The deployment follows a Memorandum of Understanding (MoU) between SpeedforcEV and Ferry Automotive Pvt. Ltd., under which the leased vehicles will serve delivery and fleet operations in urban areas. The partnership includes plans for setting up service-cum-charging hubs and demo units to support the rollout.
'This order is a testament to the growing trust in our electric two-wheeler portfolio and our shared vision for a cleaner, greener future,' said Yatin Gupte, CMD of Wardwizard. The collaboration is expected to strengthen the company's role in India's electric vehicle ecosystem, especially in the commercial segment.
With prior partnerships with XiCon International and Optimotion already in place, this new deal further enhances Wardwizard's positioning in the fleet electrification space. The company currently has a presence in over 400 cities under its 'Joy e-bike' and 'Joy e-rik' brands and plans to scale its operations aggressively.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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