Wardwizard Innovations secures order for 2,500 Wolf+ e-scooters for last-mile delivery
& Mobility Ltd. (WIML) has secured an order from SpeedforcEV for 2,500 units of its
Wolf+ electric scooter
to be used for fleet and
last-mile delivery
operations across India. This order follows a MoU between SpeedforcEV and
Ferry Automotive
, under which the vehicles will be leased and deployed for
urban transportation
and delivery services, starting in Mumbai, Pune, and Ahmedabad, with plans for further expansion.
Wardwizard Innovations & Mobility, known for its electric vehicle brands 'Joy e-bike' and 'Joy e-rik', is expanding its reach in the
electric vehicle market
. The 2,500 units of the Wolf+ electric scooter will be deployed across key cities in India for fleet and last-mile delivery operations.
Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility said 'The Wolf+ model has proven to be a dependable and cost-effective solution for urban delivery and logistics, and we look forward to seeing it drive the next phase of
fleet electrification
across the country. Insights gathered from these deployments will further strengthen our product development and help us tailor our solutions to the evolving needs of fleet operators and delivery partners.'
Kapil Bhindi, Co-Founder & Director SpeedforcEV, said 'As part of our commitment, we will lease the vehicles to Ferry Automotive, while also ensuring service, technical support and vehicle uptime. Ferry Automotive will manage third-party delivery contracts and fleet utilization.'
Ferry Automotive operates its fleet under the brand name '
SCOOTERR
'. The company has been building a reputation for reliability and innovation in the automotive sector for the past few years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
a day ago
- Mint
OPmobility earnings improve in H1 thanks to cost cutting measures
(Refiles to clarify in lead paragraph that OPmobility is a car parts supplier, not a car supplier; removes extraneous duplicated words from CEO quote in paragraph 3.) July 24 (Reuters) - French car parts supplier OPmobility reported a rise in its operating earnings for the first half of 2025, boosted by the implementation of its cost-cutting measures. The group's operating margin came in at 260 million euros ($305 million) for the first half of the year, up from 234 million euros a year ago. "After the tariffs' announcement at the end of the first quarter, we accelerated our cost-cutting measures ... enabling us to offset the effects on the market and the costs incurred by these tariffs," CEO Laurent Favre said in a call with journalists. The company reduced administrative costs in the first half by 7.7% year-on-year and structural costs in its plants by between 8% and 9%, he added. The group also posted a 0.4% rise in its first-half revenue to 5.96 million euros, outperforming regional automotive production in Europe and Asia, according to the S&P Global Mobility forecasts published in July 2025. The group however underperformed the market in North America. "This is clearly linked to the fact that there have been production stoppages in Mexico and Canada, particularly by some of our customers such as Stellantis, for whom we work," Favre added. OPmobility, which supplies the three leading U.S. carmakers, General Motors, Stellantis and Ford, noted the tariff impacts on production volumes remain relatively limited for the company at this stage, thanks to its locations in close proximity to its customers' sites. Favre also said, in the context of companies including Stellantis discontinuing their hydrogen programme, that others like BMW continue to bet on the technology. "So we'll continue to gain market share at the same pace as the market, without giving priority to individual mobility. I don't know what will happen in 10 years' time, but by giving priority to trucks, commercial vehicles," Favre said. The group also confirmed its outlook for 2025. ($1 = 0.8513 euros) (Reporting by Mathias de Rozario in Gdansk; Editing by Lincoln Feast and Milla Nissi-Prussak)
Time of India
a day ago
- Time of India
Goa govt halts new Rent-a-Cab licenses due to rising accidents, congestion issues
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Goa government has temporarily suspended the issuance of new Rent-a-Cab licenses in light of the growing safety and traffic concerns arising from the unchecked proliferation of self-driven rental vehicles, a minister has decision was taken following a communication from the Chief Minister's Office (CMO) highlighting a series of serious road accidents involving the Rent-a-Car and Rent-a-Bike vehicles, Goa Transport Minister Mauvin Godinho informed the state assembly in a written reply on was responding to a question raised in the House by Independent MLA Aleixo Reginaldo said many of these incidents were attributed to rash and negligent driving by tourists, including cases of driving under the influence of alcohol."The matter was deliberated upon in detail during the State Transport Authority's (STA) meeting held on February 24, 2025, where it was unanimously resolved to keep the issuance of new Rent-a-Cab licenses in abeyance in the larger public interest," the minister informed the tourists using these vehicles are unfamiliar with local traffic regulations and road conditions, contributing to a rising number of accident, some of them fatal, he pointed state government has already issued 10 Rent-a-Cab licenses, under which 6,762 permits have been granted, as per the official also said the transport department has received complaints about private vehicles being illegally rented out to that the suspension is not a permanent ban, he said the government will periodically review the situation, especially in the context of the upcoming Goa Road Safety Policy 2025 and other regulatory developments aimed at ensuring safe mobility."The intent is to adopt a cautious and regulated approach that balances tourism growth with public safety and sustainable urban transport planning," he added.
Mint
a day ago
- Mint
Stocks to watch: Infosys, Bajaj Finance, Nestle India, BEML, IndusInd Bank among shares in focus today
Shares of Bajaj Finance, Adani Energy, Nestle India, SBI Life will remain in focus as companies will declare Q1 earnings today. Infosys, India's second-largest IT services exporter, posted a 9% year-on-year (YoY) increase in its consolidated net profit, reaching ₹ 6,921 crore for the quarter ending in June. Bajaj Finance subsidiary announced its first-quarter results, reporting a 33.4% increase in Net Interest Income to ₹ 887 crore, while net profit grew by 21% to ₹ 583 crore. Tata Consumer posted a 15% year-on-year increase in its consolidated net profit for Q1FY26, rising to ₹ 334 crore from ₹ 290 crore in the same quarter last year. Dr Reddy's reported a revenue of ₹ 8,542 crore, up from ₹ 7,672.7 crore in the previous year, though it fell slightly short of projections. The automobile major reported a 52.3% year-on-year increase in net profit, reaching ₹ 176.3 crore, while its revenue from operations grew by 21.9% to ₹ 2,297 crore for the June quarter. BEML has secured an order valued at ₹ 294 crore from the Ministry of Defence for the supply of 6x6 High Mobility Vehicles (HMVs). Welspun Corp has sold an additional 9.9% equity stake in Nauyaan Shipyard to Nauyaan Tradings, a wholly-owned subsidiary of Reliance Strategic Business Ventures, for ₹ 54.70 crore. The board of the private lender has given its approval to raise up to ₹ 30,000 crore through a mix of debt securities and equity instruments such as ADRs, GDRs, and QIPs, subject to obtaining the required approvals from shareholders and regulators. Inox Wind announced that its board has approved the specific terms for its proposed rights issue of equity shares worth up to ₹ 1,249 crore, after receiving in-principle approvals from both the BSE and NSE. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
