Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters and California-based Zero Motorcycles, a leading EV and powertrain manufacturer, have signed agreements to collaborate on premium electric motorcycles.
The collaboration will combine the expertise of Zero in developing powertrains and electric motorcycles with the scale of manufacturing, sourcing and marketing of Hero MotoCorp.
This is in extension to the announcement made in September 2022, wherein the Board of Hero MotoCorp approved an equity investment of up to $60 million (Rs 495 crore) in Zero Motorcycles.
Designed and crafted in California, Zero Motorcycles combines Silicon Valley technology with traditional motorcycle soul to elevate the motorcycling experience for riders around the world.
Dr. Pawan Munjal, Chairman & CEO, 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 accelerate the transition of electric mobility in India and across our global markets.”
Sam Paschel, CEO, 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.”
As part of its vision ‘Be the Future of Mobility’, Hero MotoCorp is addressing the emerging mobility space, including electric vehicles, through a range of organic and inorganic initiatives. Under its emerging mobility brand, Vida, powered by Hero, the company has already launched its first EV, the Vida V1 scooter, and has initiated operations of its public charging infrastructure in Bengaluru, Delhi and Jaipur. It has already set up nearly 300 charging points, across the three cities for public use.