In keeping with its vision to ‘Be The Future Of Mobility,” Hero MotoCorp has signed an agreement to collaborate with Zero to produce premium electric motorcycles. The collaboration combines Zero’s powertrain technology with the world’s largest manufacturer of motorcycles and scooters. Paving the way to this partnership, the Board of Hero MotoCorp approved an equity investment of up to US$60 million in Zero Motorcycles back in September.
“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,” said Dr. Pawan Munjal, Chairman & CEO, Hero MotoCorp. “With Zero as our partner, we look forward to accelerating the transition of electric mobility in India and across our global markets.”
“We are delighted to have Hero MotoCorp – the world’s largest motorcycle maker – as our partner,” added Sam Paschel, CEO, Zero Motorcycles. “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.”
Under its emerging mobility brand, VIDA, Powered by Hero, the company has already launched its first EV, the VIDA V1 scooter. Hero has initiated operations of public charging infrastructure in Bengaluru, Delhi and Jaipur. There are now nearly 300 charging points across the three cities open for public use.