WardWizard Innovations and Mobility (WardWizard), one of the leading manufacturers of electric two-wheeler brand ‘Joy E-bike’, and Mangalam Industrial Finance (Mangalam) have entered into partnership to support the buyers with quick finance to make EV purchase easier. Under this arrangement, Mangalam will provide auto loans for the high and low speed electric two-wheelers of Wardwizard.
Mangalam based on the experience and market feedback has launched their vehicle finance scheme for their proposed buyers where more than 50 dealers and distributors of Joy E-bike in tier 1 & tier 2 cities has shown their keen interest to avail the benefit of electric vehicle finance for their customers and they will stand as a guarantor. Mangalam decided to extend this finance facility in order to support the distributors and ultimate buyers of Joy E bike.
This is a strategic move as recently WardWizard has announced to open its first global R&D Center in Singapore in association with Sunkonnect to create world class EV products. A few months ago under a MoU signed with the state government of Gujarat, the organization has acquired more than 90 acres of land to develop an EV cluster and is inviting component manufacturers from all parts of the world.
Wardwizard Innovations and Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.
