Hero Motocorp, US-based Zero Motorcycles sign agreement to collaborate on premium electric 2-wheelers

Hero Motocorp, US-based Zero Motorcycles sign agreement to collaborate on premium electric 2-wheelers

The collaboration combines the expertise of Zero in developing power trains and electric motorcycles with the scale of manufacturing, sourcing and marketing of Hero MotoCorp

FPJ Web DeskUpdated: Monday, March 06, 2023, 10:36 AM IST
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Hero Motocorp, US-based Zero Motorcycles sign agreement to collaborate on premium electric 2-wheelers | Image: Hero MotoCorp (Representative)

Hero MotoCorp, manufacturer of motorcycles and scooters, and Zero Motorcycles, the California (USA)-based manufacturer of premium electric motorcycles and powertrains, have signed agreements to collaborate on premium Electric Motorcycles, the company said via an exchange filing.

The collaboration combines the expertise of Zero in developing power trains and electric motorcycles with the scale of manufacturing, sourcing and marketing of Hero MotoCorp.

In September 2022, the Board of Hero MotoCorp approved an equity investment of up to US$60 million in Zero Motorcycles.

Zero Motorcycles is the global leader in electric motorcycles and powertrains.

Designed and crafted in California, Zero Motorcycles combines Silicon Valley technology with traditional motorcycle soul to elevate the motorcycling experience for riders around the world.

Dr. Pawan Munjal, Chairman & CEO, Hero MotoCorp, said “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 accelerate the transition of electric mobility in India and across our global markets.”

Sam Paschel, CEO, Zero Motorcycles, said “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.”

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