Hero MotoCorp has signed agreements with Zero Motorcycles, a California-based manufacturer of premium electric motorcycles and powertrains, to collaborate on premium electric motorcycles. The objective of the collaboration is to combine the expertise of Zero in developing power trains and electric motorcycles with the scale of manufacturing, sourcing and marketing of Hero MotoCorp.
‘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 accelerating the transition of electric mobility in India and across our global markets.’ said Dr Pawan Munjal, Chairman and CEO of Hero MotoCorp.
‘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.’ said Sam Paschel, CEO of Zero Motorcycles.
In September 2022, the Board of Hero MotoCorp approved an equity investment of up to USD 60 million in Zero Motorcycles. Also, under its emerging mobility brand, VIDA, 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. Further, the Company has already set up nearly 300 charging points, across the three cities for public use.