Hero MotoCorp is soon going to bring premium segment electric bikes in the country. For this, the company has signed an agreement with Zero Motorcycles of America. The company announced this on Monday. The company is considered a leading player in electric motorcycles and powertrains in the US.

In September 2022, Hero MotoCorp’s board approved an equity investment of up to USD 60 million, or about Rs 585 crore, in California-based Zero Motorcycles. Pawan Munjal, Chairman and CEO, Hero MotoCorp, said, “This partnership with Zero Motorcycles is an important milestone in our journey towards ushering in an era of continuously improving technology in the vehicle sector. Sam Paschal, CEO of Zero Motorcycles, said that both the companies are committed to the ultimate riding experience and bringing remarkable new products to the world.

This is Hero Motorcorp’s second major investment after Ather Energy.
This is Hero MotoCorp’s second investment in an electric two-wheeler company after Ather Energy. Explain that to establish its credibility in the electric vehicle space, Hero MotoCorp is looking for investment in companies in which it does not have a single product in the segment.

Be the future of mobility
The company says that under its vision ‘Be the future of mobility’, Hero MotoCorp is addressing the electric mobility space through a series of organic and inorganic collaborations.

Hero MotoCorp’s first electric scooter Vida V1
Hero MotoCorp has entered the electric scooter segment in the country with the Vida V1 scooter. Hero MotoCorp has started its public charging infrastructure in Bengaluru, Delhi and Jaipur. The company has also installed around 300 charging points across three cities for public use.