The partnership will see the 2 firms co-develop electrical bikes; Hero can even make investments roughly Rs 490 crore in Zero.
In what can solely be described as probably the most stark instance of hero going to zero, Hero MotoCorp has introduced that it’s finalising a collaboration with California-based Zero Bikes. Zero is a premium electrical bikemaker, which at the moment affords a lineup of sportbikes, nakeds, ADVs and dual-sport machines. The 2 firms will co-develop upcoming electrical bikes.
Along with this, Hero can even make an fairness funding to the tune of $60 million (approx. Rs 490 crore) in Zero. The latter was based in 2006, and has raised funding upwards of $300 million up to now. This funding by Hero is probably going to offer it a sizeable stake in Zero.
This partnership with Hero represents a 3rd prong within the firm’s assault on the EV section – it has already tied up with Taiwanese e-scooter specialist Gogoro to develop scooters that includes swappable batteries, and it has additionally developed its personal in-house e-scooter which is able to launch very quickly underneath the Vida sub-brand.
This Zero partnership signifies Hero’s first public curiosity within the electrical bike area, and it is going to be fascinating to see what kind of bikes this collaboration spawns. Hero is a longtime OEM with an enormous experience within the mass-market section, whereas Zero is a startup specializing in premium, area of interest machines.