What’s Happening: Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has signed agreements to collaborate with Zero Motorcycles, the California-based manufacturer of premium electric motorcycles and powertrains.
Why It Matters: The collaboration will combine the expertise of Zero in developing power trains and electric motorcycles with the scale of manufacturing, sourcing, and marketing of Hero MotoCorp. This partnership is a significant milestone in Hero MotoCorp’s journey towards ushering in an era of sustainable clean technology in the mobility space, accelerating the transition of electric mobility in India and across global markets.
Key Points:
- The collaboration between Hero MotoCorp and Zero Motorcycles will focus on developing premium electric motorcycles.
- Hero MotoCorp approved an equity investment of up to US$60 million in Zero Motorcycles in September 2022.
- Zero Motorcycles is a global leader in electric motorcycles and powertrains, combining Silicon Valley technology with traditional motorcycle soul to elevate the motorcycling experience for riders around the world.
- 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. The Company has set up nearly 300 charging points across the three cities for public use.
Bottom Line: The partnership between Hero MotoCorp and Zero Motorcycles will bring together their shared passions for transforming the riding experience and bringing innovative products to the world. This collaboration is expected to deliver exceptional value, performance, and fun for their customers, and accelerate the adoption of electric mobility in India and across the globe.
