Wardwizzard Innovation and Mobility Limited (WIML), a major electric vehicle manufacturer, known for his brands ‘Joy E-Way’ and ‘Joy E-Rick’, has signed a strategic memorandum with Xicon International Ltd., a Mumbai-based engineering and manufacturing firms and a subsidiary of the manufacturing firms and a subsidiary of Caesar Corporation.
As part of the agreement, Xicon will lease a 7,500 electric scooter from Wardwizard to support its forest in electric mobility space, focusing on final-meal distribution solutions. This partnership not only marks the entry of XICON’s EV segment, but also strengthens its diverse portfolio, which spreads power, telecom and infrastructure sectors.
Under the agreement, Xicon has ordered to lease 7,500 units of Wolf+ model of Wardwizard for the financial years 2025–26 and 2026-27. This mass deployment will begin in major metropolitan cities including Mumbai, Ahmedabad, Delhi and Pune, placing to expand other areas as the operation scale. The MoU outlined a wide outline for the signs, operations and maintenance of electric scooters, which focuses on increasing distribution efficiency by promoting environmentally friendly transport. This initiative has been designed to integrate smart, environmentally friendly and cost-effective mobility solutions within the increasing operation of Xicon in urban logistics, especially targeting the last-meal distribution area.
As part of the agreement, the wardwizard will lease the scooter to Xicon and ensure an uptime assurance for all vehicles. Wardwizard will also set up service-cum-charging stations and manage all necessary spare parts, batteries and technical support.
Mr. Yatin Gupte, Chairman and Managing Director, Wardwizard Innovation and Mobility Limited, said, “In Wardwizard, we are committed to accelerating the adoption of power in India through strategic participation and innovative business models. Put contribution to India’s big goal of sustainable urban dynamics.
Talking about the association, Ms. Lyla Mehta, director of XICON International Limited, said, “With wardword, this MoU marks a significant moment for the creation of more durable and effective distribution systems in our mission. Through this association, Xicon is actively electrifying its fleet and is contributing to those signs of continuity. Cheap option for miles.
Operationally, Xicon will manage vehicle allocation, third-party distribution tie-up, app development and marketing initiative to ensure maximum use. Rider training will be done jointly by both companies. In terms of branding, all service centers and stores will be co-branded, and wardwizard innovation and mobility will provide demo units for promotional activities. In addition, wardwizard innovation will ensure all the scooters on lease and will oversee any claim process.
This participation takes forward an important step in view of creating a strong electric mobility ecosystem of wardwizard and confirms the company’s commitment to provide clean, skilled and scalable EV solutions across India.
