Big EV Leasing Deal to Power Last-Mile Logistics
Wardwizard Innovations & Mobility Ltd. (WIML) has signed a major leasing agreement with XiCon International Ltd., a Mumbai-based engineering company and a subsidiary of Kaiser Corporation. The deal marks XiCon’s formal entry into the electric mobility sector as it gears up to electrify its last-mile delivery operations.
7,500 Wolf+ Scooters for Metro Deployments
Under the MoU, XiCon will lease 7,500 Wolf+ electric scooters across FY 2025–26 and 2026–27. Initial deployment will cover Mumbai, Delhi, Pune, and Ahmedabad, with more cities to follow. The partnership aims to boost eco-friendly and cost-efficient mobility for urban logistics.
Comprehensive Deployment and Support
Wardwizard will manage scooter leasing, service, and uptime. It will also set up service-cum-charging stations and supply spare parts, batteries, and full technical support. XiCon will handle app development, delivery tie-ups, and fleet operations.
Both companies will jointly train delivery riders. Co-branded service centers and demo units will promote the collaboration.
Leadership Voices on the Strategic Tie-Up
Yatin Gupte, CMD of Wardwizard, said,
“This partnership is a key step in growing clean, scalable EV mobility for India’s delivery ecosystem. Starting with key cities, we aim to expand nationwide.”
Lyla Mehta, Director at XiCon, added,
“The Wolf+ scooters are ideal for urban roads. This deal helps us build a smart, green, and cost-effective delivery network.”
Strengthening the EV Ecosystem
This agreement strengthens Wardwizard’s push to build a complete electric mobility ecosystem. It also supports India’s broader push for sustainable and carbon-neutral transportation.
About Wardwizard Innovations & Mobility Ltd.
Wardwizard, the maker of Joy e-bike and Joy e-rik, leads India’s EV manufacturing space. It’s the first BSE-listed EV company and offers over 10 models, spanning high- and low-speed categories. Operating in 400+ cities, it plans to expand even further.
About XiCon International Ltd.
XiCon brings decades of industrial engineering experience across sectors like power, telecom, and infrastructure. Now entering the EV space, it aims to create efficient, green delivery systems with leased electric two-wheelers for urban India.
