India, Sept. 25 -- Wardwizard Innovations & Mobility Ltd, a leading electric vehicle manufacturer, has announced a Rights Issue to raise funds for executing the first lot of dispatch under its USD 1.29 billion electric vehicle agreement with the Philippines.
The company had dispatched prototype vehicles for testing last year and has received delivery timelines for an order of 4,500 units, including electric two-wheelers, three-wheelers, and four-wheelers, valued at approximately USD 30.6 million. Deliveries are scheduled to be completed by June 2026.
Chairman and Managing Director Mr. Yatin Gupte stated that the Rights Issue is a pivotal step in executing the initial dispatch order and lays the foundation for future growth. The company is...