Wardwizard Innovations & Mobility signs MoU with Gujarat government to invest Rs 500 crore

20 Dec 2021 Evaluate

Wardwizard Innovations & Mobility has signed Memorandum of Understanding (MoU) with the Gujarat government to invest Rs 500 crore. The agreement aims to foster the growth of the electric vehicle industry and meet the government’s vision of strengthening green mobility in the state. The signing ceremony of MoU with the Gujarat Government took place as part of Vibrant Gujarat Global Summit 2022 in Gandhinagar.

As part of the agreement, WardWizard would invest Rs 500 crore on research and development of electric 2 & 3 wheelers, setting up the motor assembly at Vadodara’s facility, and developing ancillaries to manufacture raw materials. The company will also generate more than 6000 jobs in the state.

Wardwizard is an innovation-driven company which is India's First BSE listed EV manufacturing company.

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