Wardwizard Innovations & Mobility Ltd Company Summary

Ward Wizard Innovations & Mobility Limited, formerly known as Manvijay Development Company Limited was incorporated on October 20, 1982. Earlier, the Company engaged into development of real estate activities & investment in group Company. There was change in the management & control of the Company during the year 2019-20 & new management took the control of the Company from 1st October, 2019 and changed their business activities to manufacturing/trading of electrical vehicles; scooters; by-cycles; electronic goods; home appliances; hospitality sector; herbal & ayurvedic sector & real estate sector.

In addition to new business activities, the name of the Company was changed from Manvijay Development Company Limited to Wardwizard Innovations & Mobility Limited on February 15, 2020.Currently, the Company has a production capacity of 400,000 units of Electric Scooters and bikes per year on a three-shift plan. Besides, it manufactures 12 scooters and bikes variants under the brand name Joy e-bike. The Company has 750+ dealership touchpoints.Wardwizards flagship brand Joy e-bike peddled its way into the EV segment by first introducing electric bicycles in year 2016.

The Company inaugurated one of Indias largest electric two-wheelers plant in 2017. It launched Joy e bike butterfly, honeybee low speed electric scooter during October, 2018; it launched e- Monster Bike in 2019 and later on Thunderbolt, Hurricane, Beast, and Skyline in January, 2021. It launched 4-high performance bike variants of Joy E Bike.

In FY 2022, it commissioned the automated assembly product line business. In September, 2022 the Company established the R&D Centre under its wholly owned subsidiary, Wardwizard Global Pte. Ltd., in Singapore.

In January 2023, Company launched the all-new Made in Indias electric scooter MIHOS and unveiled a high-speed electric bike named Rockefeller. It launched the Joy E-Rik. Joy E Bike is the sole manufacturer and 1st in EV market to come up with different EV models.

Further, it opened the First Distributor Showroom. In March 2023, it commenced 1 GWh Lithium-Ion Battery Assembly Line.In 2024, Company added 150+ showroom distributors across India. It expanded manufacturing capabilities by inaugurating a new 15,000 sq.

ft. assembly facility in Deoghar, Jharkhand. It acquired a 4 million square foot property to establish the EV Ancillary Cluster.

It launched Nemo (high-speed two-wheeler), L3 garbage vehicle, L3 & L5 category passenger EVs, and commercial EV loaders, diversifying its mobility solutions. In 2025, Company launched new models in threewheeler segment, including E-cart Garbage Container and E-Loader. It expanded the electric fleet with over 400 two-wheelers deployed in Kolkata, Pune, and Ahmedabad.