Hero MotoCorp is one of the world's largest motorcycle manufacturers, and Zero Motorcycles is a premium electric motorcycle and powertrain manufacturer based in California. Zero and Hero announced their intent to collaborate on business a few months ago.
Now, as per the latest details available, the necessary agreements have been signed with a focus on new premium electric motorcycles. This collaboration is critical for Hero MotoCorp's future electric mobility outreach. Both companies hope to transform the EV riding experience. Also, to speed up the transition to electric mobility in India and other global markets.
The VIDA brand is currently Hero Motocorp's EV market strength. In Bengaluru, Delhi, and Jaipur, the company launched its first EV, the VIDA V1 scooter, as well as public charging infrastructure. A total of 300 public charging stations have been installed to date.
Hero MotoCorp's board of directors approved a US$60 million equity investment in Zero Motorcycles in September 2022. This large investment emphasises the significance of this collaboration. Today's projections emphasise electric vehicles as the future of mobility.
The Zero Motorcycles tech combined with traditional motorcycle design will keep the riding experience at the forefront of design synergies. Hero is dedicated to innovative products that provide exceptional value and riding fun. Royal Enfield has made a strategic investment in Stark Future SL, a Spanish manufacturer of electric motorcycles. Business fortitude is essential in predicting what the future of mobility will look like in a few years.
The collaboration of Zero and Hero is a significant step forward for sustainable clean technology in the mobility space. The introduction of Zero Motorcycles will hasten the transition to electric mobility in India and other global markets where Hero has a presence. This collaboration's scope aligns with Hero's goals of increasing exports in existing and new markets.