Wardwizard Innovations and Triton forge strategic alliance for EV manufacturing in India, UAE
US-based Triton EV picks Wardwizard as its manufacturing partner for battery operated trucks 2- and 3-wheelers for the India and UAE markets from WIML's plant in Vadodara, Gujarat
Wardwizard Innovations & Mobility, which manufactures the Joy e-bike brand of electric two-wheelers in India, has signed an MoU with Triton EV of the US. The strategic collaboration spans five years and targets the EV market in India and the UAE.
The MoU was signed at Wardwizard head office in Vadodara by Himanshu Patel, founder of the US-based Triton EV and Yatin Sanjay Gupte, chairman and MD of Wardwizard Innovations.
Under this strategic alliance, Triton EV has selected WIML as its manufacturing partner for battery operated trucks in India and UAE. Furthermore, WIML will expand its manufacturing capabilities to produce two-wheelers and three-wheelers for Triton EV.
Triton EV's commitment includes the transfer of technology for hydrogen battery packs used in two- and three-wheelers, coupled with vital technology assistance for setting up production lines and expansion in India.
The two companies also plan to share vendors and suppliers to benefit from savings derived from operational synergies.
WIML plans to commence the manufacturing of hydrogen battery-operated trucks, two-wheelers and three-wheelers in India in coming days in partnership with Triton EV.
Yatin Sanjay Gupte, CMD, Wardwizard Innovations & Mobility, said: “In line with our commitment to grow sustainable mobility and encourage the use of EVs, we are delighted to partner with Triton EV (TEV), one of the leading EV manufacturers in the USA. Under the partnership, we are poised to combine our manufacturing expertise with Triton's cutting-edge technology, redefining the EV landscape in the market. WardWizard shall support TEV in manufacturing electric trucks, two- and three-wheelers for the India and UAE market from its state-of-the-art facility in Vadodara. We are confident that this association will boost the 'Make-in-India' initiative and pave the way for advanced products.”
Himanshu Patel, founder, Triton EV, stated, “This MoU marks a significant milestone in our expansion plan as we enter new markets. India is leading from the front, 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.”
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