Stock Report

Hero MotoCorp to invest in Zero Motorcycles

Posted On : 2022-09-29 18:24:37( TIMEZONE : IST )

Hero MotoCorp to invest in Zero Motorcycles

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, is finalizing a collaboration agreement with Zero Motorcycles, the California (USA)-based manufacturer of premium electric motorcycles and powertrains. The collaboration will focus on codeveloping Electric motorcycles.

The company's board also approved an equity investment up to US$60 million in Zero Motorcycles.

Zero Motorcycles is the global leader in electric motorcycles and powertrains. 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.

In keeping 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 Vida, Powered by Hero, on October 7, 2022.

Source : Equity Bulls


HeroMotoCorp Collaboration Investment ZeroMotorcycles USA PremiumElectricMotorcycles Powertrains