Hero MotoCorp And Zero Motorcycles Agree To Collaborate On New Premium Electric Vehicles
Hero MotoCorp, the world’s largest motorcycle and scooter manufacturer, and Zero Motorcycles, a luxury electric motorbike and powertrain company based in California (USA), have signed agreements to collaborate on premium Electric Motorcycles.
The relationship combines Zero’s expertise in designing powertrains and electric motorcycles with Hero MotoCorp’s size in production, procurement, and marketing.
Hero MotoCorp’s Board of Directors approved a US$60 million equity investment in Zero Motorcycles in September 2022. Zero Bikes is the world’s leading manufacturer of electric motorcycles and powertrains. Zero Bikes, designed and built in California, mixes Silicon Valley technology with traditional motorcycle soul to enrich the motorcycling experience for riders all over the world.
Dr. Pawan Munjal, Chairman & CEO, of Hero MotoCorp, said “Our partnership with Zero Motorcycles is a significant milestone in our journey towards ushering in an era of sustainable clean technology in the mobility space. With Zero as our partner, we look forward to accelerating the transition of electric mobility in India and across our global markets.”
Mr. Sam Paschel, CEO, of Zero Motorcycles, said “We are delighted to have Hero MotoCorp – the world’s largest motorcycle maker – as our partner. Our companies are both committed to transforming the riding experience and bringing remarkable, innovative products to the world. With these shared passions, we look forward to delivering exceptional value, performance, and fun for our customers.”
In line with its mission of “Being the Future of Mobility,” Hero MotoCorp is addressing the developing mobility arena, including electric vehicles, through a variety of organic and inorganic projects. The business has already released its first EV, the VIDA V1 scooter, under its developing mobility brand, VIDA, Powered by Hero, and has begun operations of its public charging infrastructure in Bengaluru, Delhi, and Jaipur. The company has already installed approximately 300 public charging stations across the three cities.
Join All India EV Community on LinkedIn
Content Credit: Emobility+