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Wardwizard Secures USD 1.29 Billion Order To Transform Philippine Public Transport With EVs
WIML will deliver products from its existing portfolio, including E2Ws and E3Ws for both commercial and passenger vehicle segments, along with developing four-wheelers for commercial use in the Philippines market.
Wardwizard Innovations & Mobility Ltd (WIML) has secured a huge order worth USD 1.29 billion from Beulah International Development Corporation. Beulah International, backed by RP Connect, is a full-service business integration company and EPC firm in the Philippines.
The partnership was formalised through a Memorandum of Understanding (MoU) signed by Shreyas Kurhekar, Head of Production and Business Development (Exports) at Wardwizard Innovations & Mobility Limited, and Nadia Arroyo, President of Beulah International Development Corporation, along with other key members of both organisations.
This collaboration aims to introduce innovative electric vehicle technology to the Philippines, significantly impacting public transport, creating job opportunities, and supporting the local economy.
Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Ltd, stated 'We would like to thank Beulah International and RP Connect for showcasing their trust in our technology and robust product portfolio. India is becoming a hub of electric mobility for the global market, and such collaborations are a testament to our efforts in this direction. This opportunity will allow us to introduce our cutting-edge electric two-wheel scooters and develop three-wheeler e-Trikes, cargo e-Trikes, electric mini trucks, and golf carts for the Philippines market.'
The partnership aligns with the Philippine Government’s Public Utility Vehicle Modernization Program (PUVMP), led by the Department of Transportation. This initiative aims to provide safer and more systematic daily transportation services by replacing outdated petrol and diesel vehicles with modern electric alternatives.
Nadia Arroyo, President of Beulah International Development Corporation, mentioned 'Wardwizard’s cutting-edge EV solutions will catapult public transportation in the Philippines, and we are eager to see the change. As part of the partnership, we will be facilitating electric vehicle sales and distribution in the Philippines. Besides transforming the transportation system, this initiative will create new employment opportunities and bring significant investment to support the local economy over the next 10 years.'
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