Wardwizard Innovations Partners with Battery Smart to Bring EV Affordability and Convenience with Swappable Battery Technology

Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric two-wheelers under the brand Joy e-bike and Joy e-rik, today announced a strategic partnership with Battery Smart, India's largest and fastest-growing battery-swapping network.

Under the Partnership, Battery Smart will set up its state-of-the-art battery-swapping infrastructure across all Joy e-bike dealerships. This collaboration introduces a flexible "battery-as-a-service" model, enabling customers to purchase Joy e-bikes without the battery, reducing substantial costs up to 20% to 30% of the overall vehicle cost. Customers can then rent swappable batteries through Battery Smart on a pay-as-you-use basis, making EV ownership more accessible and cost-effective. This partnership provides dealers and distributors with the opportunity to install swapping stations at their locations, which will help Battery Smart expand its network while also giving dealers and distributors an added revenue stream.

The integration of Battery Smart's swappable battery technology will initially feature on Joy e-bike models such as Globe and Gen Next, with additional models under development. These vehicles will allow for seamless battery swaps at Battery Smart's extensive network of swapping stations, currently operating across major metros including Mumbai, Delhi, and Bengaluru. The nationwide rollout will follow a phased approach starting January 2026.

Commenting on the partnership, Mr. Yatin Gupte, Chairman and Managing Director, Wardwizard Innovations & Mobility Ltd., said, "This partnership is a game-changer for India's EV ecosystem. By decoupling the battery from the vehicle, we are tackling the two biggest barriers to EV adoption, i.e., high cost and range anxiety. This model will make Joy e-bikes more affordable while giving customers the freedom to travel farther and swap batteries effortlessly. We are confident this collaboration will redefine the future of electric mobility in India."

This first-of-its-kind B2C pilot project for Battery Smart marks a significant milestone toward sustainable, accessible, and future-ready mobility solutions for both individual consumers and the growing B2B market.

Shares of Wardwizard Innovations & Mobility Ltd was last trading in BSE at Rs. 13.70 as compared to the previous close of Rs. 14.52. The total number of shares traded during the day was 2038131 in over 4371 trades.

The stock hit an intraday high of Rs. 15.00 and intraday low of 13.50. The net turnover during the day was Rs. 28376303.00.

Source : Equity Bulls

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WardwizardInnovationsandMobility INE945P01024 Partnership BatterySmart