The demand for electric vehicles has become very fast in the country, especially in the two wheeler segment, the interest of people is increasing. Although many veteran players have introduced a wide range of electric vehicles in the market, but the electric bikes and scooters of Joy brand have created a ruckus. The company has registered a year-on-year growth of 502 percent in sales in October 2021.
In fact, Wardwizard Innovation & Mobility Limited sells electric bikes and scooters under the Joy e-bike brand. Just a few days back, the company announced its financial results for the second quarter (July-September 2021) of FY22, which showed that the company has achieved the highest revenue for any quarter so far.
The Joy e-bike has sold a total of 2,855 units in the month of October, as against just 474 units in the same month last year. The company has sold 502 percent more vehicles as compared to the month of October last year. At the same time, on a monthly basis, the company has registered a growth of 13 percent, in the last September, the company had sold a total of 2,500 units of vehicles.
Presently, the Joy e-bike has a presence in over 25 cities and aims to increase this number soon. Talking about the company’s vehicle portfolio, there are many high-speed electric bikes like Toofan, Thunderbolt and Skyline. Their top speed is 90 kmph. Apart from bikes, the company also sells electric scooters.
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