Wardwizard Innovations & Mobility Ltd — Important, 23-08-2025: Company Update

Wardwizard Innovations & Mobility has partnered with Battery Smart to integrate swappable battery technology into its electric vehicles. This strategic move introduces a "battery-as-a-service" model, allowing customers to purchase Joy e-bikes without the battery, reducing costs by 20% to 30%. Customers can then rent batteries on a pay-as-you-use basis, enhancing EV accessibility and affordability. This also creates a new revenue stream for Joy e-bike dealers who can host swapping stations. The technology will initially be available on Joy e-bike models like Globe and Gen Next, supporting seamless swaps across Battery Smart's network. This collaboration aims to redefine electric mobility by addressing high cost and range anxiety.