Hero MotoCorp, the largest two-wheeler manufacturer in the nation, announced that it is finalizing a collaboration agreement with Zero Motorcycles, a premium electric motorcycle and powertrain manufacturer with headquarters in California (USA).
The co-development of electric motorcycles will be the main goal of the partnership.
The company's board of directors has approved a $60 million equity investment in Zero Motorcycles.
The market leader in electric motorcycles and powertrains is Zero Motorcycles. Zero Motorcycles is a California-based company that designs and builds traditional motorcycles with modern technologies to improve the riding experience for riders all over the world.
As part of its mission to "Be the Future of Mobility," Hero MotoCorp is addressing the electric mobility market through a variety of organic and inorganic collaboration initiatives. On October 7, 2022, Vida, Powered by Hero, the company's emerging mobility brand, will introduce its first electric vehicle.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.