ENCLOSED PRESS RELEASE DATED 06TH JUNE, 2025
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Wardwizard Innovations & Mobility has received an order from SpeedforcEV for 2,500 units of its Wolf+ electric scooter for fleet and last-mile delivery use. The scooters will be deployed across key Indian cities, starting with Mumbai, Pune, and Ahmedabad, with further expansion in later phases. SpeedforcEV will lease the vehicles to Ferry Automotive under an existing MoU and also set up service-cum-charging hubs in high-deployment zones. This builds on Wardwizard's earlier fleet partnerships with XiCon International and Optimotion. The company positions this as a step toward becoming a key player in India's commercial electric mobility space.
This is a positive development, adding a sizeable B2B order to the company's order book and strengthening its presence in the urban fleet and last-mile delivery segment. It could boost revenue visibility and support growth in the commercial EV business, though the actual financial impact depends on delivery timelines and pricing.