HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Kaiser Corporation’s arm inks MoU with WardWizard Innovation and Mobility
May-20-2025

Kaiser Corporation’s subsidiary -- Xicon International has entered into a memorandum of understanding (MoU) with WardWizard Innovation and Mobility, a leading manufacturer in the electric vehicle (EV) sector. Under the terms of the MoU, Xicon International will lease 7,500 electric scooters from WardWizard over the course of FY 2025-2026 and FY 2026-2027. 

These vehicles are intended to be further leased to various logistics and last-mile delivery partners across Mumbai, Pune and Ahmedabad, supporting the ongoing shift towards sustainable transportation solutions. 

This strategic initiative is expected to contribute to a gradual revenue boost for the company’s subsidiary over the leasing term. The partnership reflects the company’s commitment to promoting green mobility and tapping into the rapidly growing EV logistics ecosystem. This collaboration positions the company and its subsidiaries at the forefront of India’s evolving electric mobility landscape, while generating consistent and scalable returns.

Kaiser Corporation (KCL) is engaged in the business of printing in the business of printing of labels, articles of stationery, magazines and cartons. KCL has diversified into in engineering goods, electric and mechanical heat tracing and trunkey projects through its subsidiaries.

  RELATED NEWS >>