MoU23 Aug 2025, 02:16 pm
Wardwizard Innovations & Mobility Ltd Signs MoU with Battery Smart to Revolutionize EV Market with Swappable Battery Technology
AI Summary
Wardwizard Innovations & Mobility Limited has signed a Mutual Confidentiality And Non-Disclosure Agreement with Upgrid Solution Private Limited (Battery Smart) to revolutionize the Electric Vehicle (EV) Market with Swappable Battery Technology. This strategic partnership marks a significant step toward expanding sustainable mobility solutions, supporting the company’s vision for growth and environmental sustainability.
Key Highlights
- Wardwizard Innovations & Mobility Limited has signed an agreement with Battery Smart to introduce swappable battery technology in the EV market.
- This partnership aims to make EV ownership more affordable, expand Battery Smart’s swapping network, and provide Wardwizard dealers with added revenue opportunities.
- The agreement plans to deploy battery-swapping stations at dealerships, introducing a pay-as-you-use ‘battery-as-a-service’ model.
- This move is expected to lower upfront costs, grow Battery Smart’s network, and create new revenue opportunities for dealers.
- The agreement is part of a phased nationwide rollout.