OLA’s Peer Penny EV Stock Under Rs 50 In Focus As Company Signs Strategic MoU with C4V to Strengthen Battery Technology Development
The stock is up by 10 per cent from its 52-week low of Rs 35.75 per share and gave multibagger returns of 430 per cent in 5 years.
Wardwizard Innovations & Mobility Limited, a leading electric vehicle manufacturer, has entered into a strategic partnership with C4V, a renowned battery technology company. This collaboration aims to enhance the performance of their electric vehicles by developing advanced battery cells specifically tailored to their needs. The partnership will leverage C4V's expertise in battery cell design and optimization, focusing on high-charging cycle battery pack architecture, suitable chemical combinations, and highly stable LFP batteries optimized for India's climate. This joint effort will result in high-performance battery solutions for Wardwizard's range of electric scooters and three-wheelers.
The collaboration will involve defining product specifications, developing prototypes, and conducting rigorous testing to ensure superior performance and reliability. Both companies are committed to localizing manufacturing in India, aligning with the 'Make in India' initiative and promoting innovation in sustainable energy solutions. This strategic move positions Wardwizard Innovations and C4V as key players in the development of advanced EV batteries, with plans to cater to both the Indian and global markets.
This partnership signifies a significant step towards advancing battery technology in the Indian electric vehicle market. By combining Wardwizard's expertise in electric vehicle manufacturing with C4V's cutting-edge battery technology, the two companies aim to accelerate the adoption of electric mobility and contribute significantly to a cleaner and more sustainable future. This collaboration will not only enhance the performance of Wardwizard's electric vehicles but also play a crucial role in driving the growth of the Indian electric vehicle industry.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About Wardwizard Innovations & Mobility Limited
Wardwizard Innovations & Mobility Limited is one of India’s leading auto manufacturing companies in the Electric Vehicle (EV) segment under the brand name Joy e-bike and Joy e-rik. Being the first listed entity on BSE in electric vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment that will have a positive impact in the future. Given the current state of the environment, where fuel-powered vehicles account for the vast bulk of carbon emissions, the company is promoting improvement by offering cleaner, greener options that produce no emissions. With more than 10 models in its portfolio in both high and low-speed categories, the Company has established a strong presence in more than 400+ cities across India and aspires to boost this number nationwide.
The company falls under the BSE Small-Cap Index with a market cap of Rs 995 crore. The stock’s 52-week high of Rs 86.50 and its 52-week low is Rs 39.90. The stock is up by 10 per cent from its 52-week low of Rs 35.75 per share and gave multibagger returns of 430 per cent in 5 years. Investors should keep an eye on this small-cap EV stock.
Disclaimer: The article is for informational purposes only and not investment advice.