For the development of Electric Transportation In India, Hero Motocorp announce strategic partnership with Gogoro. The companies will establish a battery swapping joint venture to bring Gogoro’s industry leading battery swapping platform to India.
- Gogoro, is a global leader in urban battery-swapping and smart mobility innovation.
- As per agreement they will collaborate on electric vehicle development to bring Hero-branded, powered by Gogoro Network vehicles to market.
- The Gogoro Network is an open platform for battery swapping and smart mobility services, delivering a fresh alternative to legacy fuel.
The major investments and deals by Hero MotoCorp are mentioned below:
July 2020: Hero MotoCorp, announced an investment of $11million in Ather Energy, taking up its shareholding in the Company to 34.58%.
February 2020: The worlds largest two-wheeler manufacturer Hero MotoCorp is planning to create the next generation of mobility solutions with investments of approximately $1.3 billion over the next 5-7 years.
November 2019: Hero Future Energies (HFE) had announced that Abu Dhabi Future Energy Company Masdar would invest $150 million in the company. The investment will help in the expansion of HFEs renewable energy portfolio, including in selected international geographies.
July 2019: Hero MotoCorp had announced an investment of $19 million more in electric scooter startup Ather Energy Pvt. Ltd. increasing Hero MotoCorps stake in Ather Energy. Ather Energy is a Bengaluru-based Indian electric vehicle company founded by Tarun Mehta and Swapnil Jain in 2013. It manufactures two electric scooter models, the Ather 340 and Ather 450.
About Hero MotoCorp
Hero MotoCorp is a leading two wheeler company, headquartered in New Delhi, India. The company is one of the best bike manufacturers in India and the largest two-wheeler manufacturer in the world. Hero Motocorp formerly known as Hero Honda. The company has about 7 globally benchmarked manufactured facilities in Gurgaon, Dharuhera, Haridwar, Neemrana, Gujarat, Bangladesh and Colombia.