Hero MotoCorp ties up with American EV co Zero for electric bikes | Mint
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Business News/ Industry / Manufacturing/  Hero MotoCorp ties up with American EV co Zero for electric bikes
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Hero MotoCorp ties up with American EV co Zero for electric bikes

Hero MotoCorp is investing up to $60 million in the 16-year old American OEM

Hero MotoCorp & Zero Motorcycles product could go up against premium electric motorcycles manufactured by rival TVS Motor Company-backed startup Ultraviolette. (Photo: Mint)Premium
Hero MotoCorp & Zero Motorcycles product could go up against premium electric motorcycles manufactured by rival TVS Motor Company-backed startup Ultraviolette. (Photo: Mint)

The country's largest maker of two-wheelers, Hero MotoCorp on Thursday said it is finalizing a collaboration agreement with an American EV maker to jointly develop electric motorcycles, presumably for the Indian market.

Hero MotoCorp said its collaboration with California-based Zero Motorcycles will focus on co-developing e-bikes. Zero is a manufacturer of premium electric motorcycles and powertrains, the company said.

It added that Zero is a "global leader" in its segment. 

Hero MotoCorp is investing up to $60 million in the 16-year old American OEM, it said.

The announcement comes just ahead of the launch of its first electric scooter under its new mobility brand Vida. Hero will unveil the product & lay down its plans to address the thriving electric mobility market in India on October 7.

Hero MotoCorp also has a partnership with Taiwanese battery sharing company Gogoro, and is expected to launch a solution with swappable batteries in collaboration with the company some time next year.

Separately, it is also a major stakeholder in Ather Energy, one of India's most prominent two-wheeler OEMs.

Hero MotoCorp & Zero Motorcycles product could go up against premium electric motorcycles manufactured by rival TVS Motor Company-backed startup Ultraviolette.

 

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ABOUT THE AUTHOR
Alisha Sachdev
Alisha Sachdev is an assistant editor with Mint based in Delhi. She reports on the auto and mobility sector, with a special focus on emerging clean mobility technologies. She also focusses on developing multimedia properties for Mint and currently hosts the 'In A Minute' series and the Mint Primer podcast. Previously, she has worked with CNBC-TV18 and NDTV.
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Published: 29 Sep 2022, 07:16 PM IST
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