Wardwizard secures USD 1.29B order from Beulah to supply EVs in Philippines • EVreporter

Wardwizard Innovations & Mobility Limited (WIML), a manufacturer of electric vehicles under the ‘Joy e-bike’ and ‘Joy e-rik’ brands in India, has secured an order worth USD 1.29 billion from Beulah International Development Corporation, a business integration company and EPC firm in the Philippines backed by RP Connect. WIML will supply its electric two-wheelers, three-wheelers, and develop four-wheelers for commercial use in the Philippines. This order is part of a collaboration, formalized through a Memorandum of Understanding (MoU), to enhance the public transportation system in the Philippines with electric vehicles.

The MoU was signed by Mr. Shreyas Kurhekar, Head of Production and Business Development (Exports) at Wardwizard Innovations & Mobility Limited, and Ms. Nadia Arroyo, President of Beulah International Development Corporation, along with other representatives from both organizations. This partnership aims to upgrade public transport by introducing electric vehicle technology to the Philippines, creating employment opportunities, and supporting the local economy, as claimed by the official statement.

Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Limited, expressed his enthusiasm about the partnership: “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.”

The partnership aligns with the Philippine Government’s Public Utility Vehicle Modernization Program (PUVMP), an initiative led by the Department of Transportation to improve daily transportation services by replacing old petrol and diesel vehicles with electric alternatives.

Ms. Nadia Arroyo, President, Beulah International Development Corporation, highlighted the economic benefits of the collaboration, “Wardwizard’s cutting-edge EV solutions will catapult the public transportation in the Philippines and we are eager to see the change. As part of the partnership, we will be facilitating electric vehicle sales and distribution in the Philippines. Besides changing the face of the transportation system, this initiative will create new employment opportunities and bring significant investment to support the local economy over the next 10 years.”

Also read: Wardwizard unveils 6 EV concept models and hydrogen fuel cell technology at Gujrat Global Summit 2024