WardWizard Innovations and Mobility Ltd - India's leading manufacturer of electric two-wheelers brand 'Joy e-bike' today announced a strategic partnership with iCreate, India's leading innovation-based start-up incubator, to mentor and fund promising EV startups in India. Through this partnership, WardWizard will facilitate active mentorship for entrepreneurs at iCreate's campus in Ahmedabad to enhance subject matter expertise and further their technological innovations for the accelerating EV industry.
The partnership between WardWizard and iCreate is aligned with the vision of the government's StartupIndia program, which seeks to support entrepreneurs in building a robust startup ecosystem and transforming India into a country of job creators.
Speaking on the collaboration, Mr.Yatin Gupte Chairman & Managing Director WardWizard Innovations & Mobility Limited, said, "Through our partnership with iCreate, we are looking to foster the exchange of ideas with promising startups and help them with our market knowledge and experience to understand the industry better. We will be working at the grass-roots level, providing the best solutions, guidance to build a strong ecosystem for them. As the EV industry in India continues to grow rapidly, we are looking to work with bright minds and support them in ushering in an era of new technology, products, and services in the country."
As a part of the initiative, WardWizard will nominate subject matter experts and senior leaders to identify and evaluate breakthrough innovators through bootcamps and jury rounds. Shortlisted startups recommended jointly with iCreate will stand a chance to receive funding, technological support and establish industry partnerships as per their merit and Technology Readiness Levels (TRL)
Commenting on the partnership, Mr Avinash Punekar, CEO of iCreate, said, "Our partnership with WardWizard aims to identify breakthrough innovators in the Indian EV space and scaling them to solve real world industry problems. With our combined expertise and the potential of homegrown innovations, we are committed to revolutionizing the future of mobility in India. iCreate is proud to partner with WardWizard in empowering budding entrepreneurs with transformational ideas."
WardWizard is also participating in iCreate's Evangelise'22, India's largest EV innovation challenge that is underway, to monitor and provide support for the pilot deployment of promising technologies.
Shares of Wardwizard Innovations & Mobility Ltd was last trading in BSE at Rs. 59.75 as compared to the previous close of Rs. 61.60. The total number of shares traded during the day was 304789 in over 2199 trades.
The stock hit an intraday high of Rs. 60.90 and intraday low of 59.00. The net turnover during the day was Rs. 18244241.00.