Hero MotoCorp and USA-based Zero Motorcycles have signed agreements to collaborate on premium electric motorcycles. The collaboration combines the expertise of Zero in developing powertrains 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 $60 million in Zero Motorcycles.
According to Dr Pawan Munjal, Chairman & CEO, Hero MotoCorp, the OEM is looking to accelerate its transition of electric mobility in India and across our global markets.
He 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.”
Sam Paschel, CEO, Zero Motorcycles, added, “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.”