This partnership aims to transform public transport by bringing innovative electric vehicle technology to the Philippines, creating new job opportunities, and supporting the local economy.
07 Jun 2024 | 18260 Views | By Autocar Professional Bureau
Wardwizard Innovations & Mobility has secured a USD 1.29 billion order from Beulah International Development Corporation, to deliver current products from its portfolio and develop four-wheelers for commercial vehicles for the Philippines market.
Beulah International Development Corporation is a full-service business integration company and an EPC firm in the Philippines backed ...
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Wardwizard Innovations & Mobility has secured a USD 1.29 billion order from Beulah International Development Corporation, to deliver current products from its portfolio and develop four-wheelers for commercial vehicles for the Philippines market.
Beulah International Development Corporation is a full-service business integration company and an EPC firm in the Philippines backed by RP Connect. This order is part of a strategic collaboration, formalised through a Memorandum of Understanding (MoU). This partnership aims to transform public transport by bringing innovative electric vehicle technology to the Philippines, creating new job opportunities, and supporting the local economy.
The MoU was signed in the presence of Shreyas Kurhekar, Head of Production and Business Development (Exports), Wardwizard Innovations & Mobility Limited, and Nadia Arroyo, President of Beulah International Development Corporation.
Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility Ltd., said, "We would like to thank Beulah International and RPConnect 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 2W Scooters, and develop 3W e-Trike (D+10), e-Trike (D+3 Passenger), e-Trike (D+5), e-Trike Cargo, Electric Mini Truck (1.5 Ton) and Golf Carts (6 & 14 seater) for the Philippines market."
The partnership aligns with the Philippine Government’s Public Utility Vehicle Modernisation Program (PUVMP), an ambitious initiative led by the Department of Transportation to provide a safer and more systematic daily transportation service by replacing outdated petrol and diesel vehicles with modern electric alternatives. Through this strategic partnership, Wardwizard Innovations & Mobility Ltd and Beulah International will bring innovative electric vehicle technology to the Philippines with the objective to drastically transform the transportation landscape.
Nadia Arroyo, President, Beulah International Development Corporation, highlighted the economic benefits of the collaboration said, "As part of the partnership, we will be facilitating electric vehicle sales and distribution in the Philippines. Besides changing the face of the transportation system, this initiative will create new employment opportunities and bring significant investment to support the local economy over the next 10 years."
In a joint statement, Wardwizard Innovations and Beulah International emphasised their commitment to the future of transportation in the Philippines. They showcased their willingness to play an active role in the future of transportation in the Philippines while cooperating with the government and local communities.