Hero MotoCorp to invest $60-M in US-based electric bike maker Zero Motorcycles

Two-wheeler maker Hero MotoCorp is to invest USD 60 million in Zero Motorcycles, a California (USA)-based manufacturer of premium electric motorcycles and powertrains. The collaboration will focus on co-developing electric motorcycles. Operating in North America and Europe, Zero Motorcycles' consolidated revenue for calendar 2021 was USD 60.7 million.