On Monday, the world’s largest manufacturer of two wheelers, Hero MotoCorp, announced that it has signed an agreement with US-based Zero Motorcycles to work together on high-end electric motorcycles.
According to a statement from Hero MotoCorp, the relationship combines the size of manufacturing, procurement, and marketing of Hero MotoCorp with the experience of Zero in designing power trains and electric motorcycles.
The board of Hero MotoCorp approved an equity investment in Zero Motorcycles, a market leader in electric motorcycles and powertrains, with a maximum value of USD 60 million, in September 2022. Zero Motorcycles is based in California.
With the VIDA V1 scooter, the business entered the electric scooter market. In Bangalore, Delhi, and Jaipur, Hero MotoCorp has recently started operating its public charging infrastructure. It has already installed roughly 300 public charging stations in the three cities.
Sam Paschel, CEO of Zero Motorcycles, stated that the business is dedicated to revolutionizing the riding experience and introducing world-changing goods.
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