Hero Motocorp recently announced that it will invest 60 million USD (Rs 490 crore) in zero motorcycleA California-based manufacturer to jointly produce electric motorcycles, said a press release.
Hero MotoCorp’s Board of Directors has approved an investment of USD 60 million in Zero Motorcycles.
The two-wheeler maker said it is finalizing a collaboration agreement with Zero Motorcycles, a US-based manufacturer of premium electric motorcycles and powertrains. In 2021, Xero Motorcycles reported consolidated revenue of USD 60.7 million.
In line with its vision “Be the Future of Mobility”, Hero MotoCorp is addressing the electric mobility space through a range of organic and inorganic collaboration initiatives and will launch its first electric product under its emerging mobility brand. Vidaon 7 October 2022.
The company already holds over 35% stake in electric two-wheeler maker, Ather Energy.
Hero MotoCorp’s Board of Directors has approved an investment of USD 60 million in Zero Motorcycles.
The two-wheeler maker said it is finalizing a collaboration agreement with Zero Motorcycles, a US-based manufacturer of premium electric motorcycles and powertrains. In 2021, Xero Motorcycles reported consolidated revenue of USD 60.7 million.
In line with its vision “Be the Future of Mobility”, Hero MotoCorp is addressing the electric mobility space through a range of organic and inorganic collaboration initiatives and will launch its first electric product under its emerging mobility brand. Vidaon 7 October 2022.
The company already holds over 35% stake in electric two-wheeler maker, Ather Energy.