Electric vehicle manufacturer, Wardwizard Innovations & Mobility Ltd. (WIML) has entered into a five-year Memorandum of Understanding (MoU) with Triton EV, a US-based electric vehicle manufacturer with the aim to reshape the electric vehicle landscape in both India and the UAE.
The momentous MoU signing occurred at the Wardwizard Head Office in Vadodara, where Triton EV’s Founder, Himanshu Patel, and WIML’s Chairman and Managing Director, Yatin Sanjay Gupte, formalized the transformative agreement.
Under this strategic collaboration, Triton EV has designated WIML as its manufacturing partner for Battery Operated trucks in India and the UAE. Additionally, WIML will expand its manufacturing capabilities to produce two-wheelers and three-wheelers for Triton EV.
Triton EV’s involvement includes the Transfer of Technology for hydrogen battery packs used in two and three-wheelers, along with crucial technology assistance for setting up production lines and expansion in India.
A distinctive aspect of this collaboration is the agreement to share respective vendors and suppliers, ensuring a smooth and efficient business operation. WIML will also play a key role in vendor development for both parties, ensuring a robust and interconnected supply chain.
WIML plans to commence the manufacturing of hydrogen battery-operated Trucks, two-wheelers, and three-wheelers in India in the coming days in partnership with Triton EV.
Himanshu Patel, Founder of Triton EV, remarked, “This Memorandum of Understanding (MoU) marks a significant milestone in our expansion plan as we enter new markets… This association will not only help strengthen our presence across the Indian and UAE markets but will also support the EV industry’s growth with advanced products and cutting-edge technology.”
Yatin Sanjay Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Ltd., stated, “Under the partnership, we are poised to combine our manufacturing expertise with Triton’s cutting-edge technology, redefining the electric vehicle landscape in the market. Wardwizard shall support TEV in manufacturing electric trucks, two & three-wheelers for the India and UAE market from its state-of-the-art facility in Vadodara.”
