WardWizard Innovations and Mobility Ltd which manufactures electric two-wheelers under the Joy E-Bike brand, has announced plans to set up lithium-ion advance cell manufacturing unit at its electric vehicle ancillary cluster in Vadodara, Gujarat. The company has signed a memorandum of understanding (MOU) with Singapore-based renewable energy management consulting firm Sunkonnect. The association is aimed at facilitating a feasibility study and identification of potential partner for the manufacturing of Li-ion advance cells in India. Under the MoU, Sunkonnect will set up a committee of experienced scientists, engineers and analysts to evaluate and identify the professional partner, as well as to develop the roadmap to set up the 1GWh cell production plant at WardWizard's electric vehicle ancillary cluster in Vadodara.
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Commenting on the MoU with SunKonnect, Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd., said, "We are excited to work with SunKonnect, one of the leading global renewable energy management consulting firms. Their expertise will help us identify the right partner and establish a roadmap to set up the manufacturing unit of Li-ion advance cells at our EV ancillary cluster between 15-18 months. As the safety and security of our customers are paramount for us, we are integrating cutting-edge technologies to enhance the quality and promote the adoption of green mobility in the entire country."
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Further elaborating, Dr. Avishek Kumar, Founder, SunKonnect, said, "We are grateful to WardWizard for giving us the opportunity to become the part of this EV transition and support the brand in development of battery infrastructure in India. Electric Vehilces are the future, and their success depends on the high grade material and advanced battery management system. Under the MoU, we will work with WardWizard to identify the partner equipped with the latest technology and high standards to manufacture Li-ion advanced cells. Our team will be developing a feasible plan and drafting standard norms for the manufacture of quality batteries for Joy e-bike's products."
Sunkonnect will also identify leading testing and certification agencies to set up a centre of excellence for battery testing at WardWizard premises which will draft a standard quality specification for batteries. It will further draft standard norms for batteries to ensure quality and reliability for Joy e-bike's range of models.
In April 2022, WardWizard, manufacturer of Joy e-bike electric two-wheelers, sold 4,087 units in India. In FY2022, the company expanded its annual production capacity from one lakh units to two lakh units in a single shift with a new automatic assembly line at its factory. The company has also acquired a 40 lakh sq. ft of land to develop India's First-Ever Electric Vehicle Ancillary Cluster in Vadodara to promote the production of necessary raw materials locally.
