Wardwizard Innovations & Mobility, BEEAH Group of Sharjah tie up
Date: 20 Dec 2023
Wardwizard
Innovations & Mobility Ltd. (WIML), a prominent manufacturer of electric
vehicles under the ‘Joy e-bike’ brand in India, has signed a Memorandum of
Understanding (MOU) with BEEAH Group (BG), a globally recognized leader in
sustainable waste management and co-owned by the Sharjah government in the UAE.
This collaboration aims to promote the use of electric vehicles and contribute
to environmental improvement across the GCC countries and African nations.
The
Memorandum of Understanding was signed in Dubai by Khaled Al Huraimal,
Vice-Chairman and Group CEO of BEEAH Group, and Yatin Sanjay Gupte, Chairman
and Managing Director of Wardwizard Innovations & Mobility Limited.
As
a part of this strategic alliance, WIML and BEEAH Group will conduct technical
and commercial feasibility studies for the production of two-wheelers,
three-wheelers, and battery-operated trucks, both small and large, in the UAE.
As part of the MoU, BG will provide technology and other assistance to WIML to
achieve renewable energy goals and leverage its network in the GCC and African
nations to promote sales in those regions. This collaboration underscores a
shared commitment to advancing the electric vehicle industry in GCC countries
and African nations, in line with the governments' vision of enhancing green
mobility
Under
this alliance, BEEAH and WIML will work together to promote green energy,
sustainable waste management, and the use of renewables, aiming to improve the
environment in GCC countries, African nations, and any other mutually agreed
countries, for a better present and a more sustainable future
This
ambitious endeavour reflects the mutual vision of both companies to foster
innovation and promote environmentally responsible transportation practices
Yatin
Sanjay Gupte, Chairman & Managing Director of Wardwizard Innovations &
Mobility Ltd., stated, “As a responsible corporation and a key promoter of
electric vehicles in India, our goal is to expand and make electric vehicles
accessible worldwide. We aim to transform the EV landscape with advanced
products and a new lineup of electric two- and three-wheelers in GCC countries
and African nations. This partnership focuses on developing advanced technology
and improving electric vehicles for both India and the global market.
Additionally, it will assist us in promoting better environmental practices and
sustainable waste management, contributing to the overall goal of net-zero
emissions. We are confident in our successful journey ahead with the BEEAH
group.”
Khaled
Al Huraimal, Vice-Chairman and Group CEO of BEEAH Group, stated, “We are
delighted to announce our partnership with Wardwizard, one of the biggest
promoters of EVs in India. Their manufacturing capabilities, combined with our
technology, will surely help us in achieving new milestones and bringing
advanced products to the world. Through this strategic partnership, we shall
not only focus on manufacturing but also bring more innovations to make the
environment better and more sustainable.”
The
signing of this MOU marks a significant step towards realising the potential of
green mobility solutions in GCC and African countries. WIML and BG are poised
to make a substantial contribution to the transformative shift towards electric
vehicles, further reinforcing the commitment to sustainable transportation in
these nations.