Ad
Ad
Eicher Motors, the parent company of Royal Enfield, will invest €50 million in Stark Future of Spain for a near 10.35% equity stake
Eicher Motors, the parent company of Royal Enfield, will invest €50 million in Stark Future of Spain for a near 10.35% equity stake.
Highlights
Eicher will join the Stark Future Board of Directors and will look for additional opportunities to collaborate in electric mobility. According to a press release, the two companies are committed to developing innovative and sustainable global mobility solutions.
Stark Future is a European electric motorcycle manufacturer specialising in performance electric motorcycles. It has "in-depth knowledge" of the EV space and connected technology. The Stark VARG is the company's first high-performance electric motocross bike.
"We love the vision, passion, and focus of the amazing team at Stark Future," said Siddhartha Lal, Managing Director of Eicher Motors. “Due to challenges such as battery range, packaging, weight, and cost, leisure motorcycles do not easily lend themselves to EV technology at this stage."
This, he claims, has resulted in "stunted growth" of this segment until now. Stark Future has "understood and harnessed" the potential of EV technology by outperforming ICE offerings in terms of range, weight, packaging, and cost.
"They have created an absolutely astounding motocross motorcycle - the Stark VARG as their entry into the EV world. "With this model, we believe Stark Future has the greatest potential for real breakout growth in the EV leisure space, as well as the potential to use this strong foundation to expand into other contiguous segments and beyond," said Lal.
According to B Govindarajan, CEO of Royal Enfield, this is a perfectly symbiotic partnership. "We are very excited to work closely with Stark Future, who are as focused as we are on challenging norms, pushing boundaries, and creating uniquely differentiated offerings for riders," he added.
While Stork Future is a thought leader in EV technology, particularly in lightweight components and innovative solutions, Royal Enfield "will draw on these capabilities for developing our EV platforms" and plans to share some EV platforms in the future, according to Govindarajan.
"To partner with one of the very first motorcycle brands in history, and be part of their journey towards sustainability is a huge inspiration for us at Stark," said Anton Wass, Founder and CEO of Stark Future. We've now been working closely with Sid, Govind, and the team for a few months and have been deeply impressed by what they've accomplished over the last 25 years."
Carbike360 Weekly Wrap Up | GNCAP Crash Test, New Launches and more
Stay updated with Carbike360 Weekly Wrap Up featuring GNCAP Crash Test results for popular car models like Bolero, Carens, and Amaze. Explore new launches and more.
28-Apr-2024 01:30 PM
Read Full NewsCarbike360 Weekly Wrap Up | GNCAP Crash Test, New Launches and more
Stay updated with Carbike360 Weekly Wrap Up featuring GNCAP Crash Test results for popular car models like Bolero, Carens, and Amaze. Explore new launches and more.
28-Apr-2024 01:30 PM
Read Full NewsDucati Hypermotard 950 RVE Introduces New Graffiti Evo Color Option
Ducati unveils the Hypermotard 950 RVE in India with the vibrant Graffiti Evo color, accentuating its youthful appeal. Packed with advanced features and a powerful engine, it promises an exciting ride.
26-Apr-2024 11:52 AM
Read Full NewsDucati Hypermotard 950 RVE Introduces New Graffiti Evo Color Option
Ducati unveils the Hypermotard 950 RVE in India with the vibrant Graffiti Evo color, accentuating its youthful appeal. Packed with advanced features and a powerful engine, it promises an exciting ride.
26-Apr-2024 11:52 AM
Read Full NewsToyota India Enters into Car Care Market With T-Gloss; Plans to Rival 3M; Check Details
Toyota Kirloskar Motors plans to pioneer car care services in India with T-Gloss. Offering comprehensive detailing, protection, and customization options, T-Gloss enhances vehicle aesthetics and longevity. Available at all authorized Toyota dealerships, it reflects Toyota's commitment to customer satisfaction and quality maintenance. With trained professionals and tailored solutions, Toyota sets a new standard in car care services, ensuring a seamless ownership experience for customers.
26-Apr-2024 11:45 AM
Read Full NewsToyota India Enters into Car Care Market With T-Gloss; Plans to Rival 3M; Check Details
Toyota Kirloskar Motors plans to pioneer car care services in India with T-Gloss. Offering comprehensive detailing, protection, and customization options, T-Gloss enhances vehicle aesthetics and longevity. Available at all authorized Toyota dealerships, it reflects Toyota's commitment to customer satisfaction and quality maintenance. With trained professionals and tailored solutions, Toyota sets a new standard in car care services, ensuring a seamless ownership experience for customers.
26-Apr-2024 11:45 AM
Read Full NewsVolkswagen Tayron Breaks Cover At Beijing Motor Show, India Debut Expected in 2024; Details
The VW Tayron, unveiled at the 2024 Beijing Motor Show, is set to captivate both Chinese and Indian markets. Sporting a dynamic design language with blacked-out elements and a powerful 2.0-litre turbo-petrol engine, it promises an exhilarating driving experience. With its impending launch in India in 2025, it's poised to challenge the likes of the Jeep Meridian and Skoda Kodiaq, igniting fierce competition in the SUV segment.
26-Apr-2024 09:39 AM
Read Full NewsVolkswagen Tayron Breaks Cover At Beijing Motor Show, India Debut Expected in 2024; Details
The VW Tayron, unveiled at the 2024 Beijing Motor Show, is set to captivate both Chinese and Indian markets. Sporting a dynamic design language with blacked-out elements and a powerful 2.0-litre turbo-petrol engine, it promises an exhilarating driving experience. With its impending launch in India in 2025, it's poised to challenge the likes of the Jeep Meridian and Skoda Kodiaq, igniting fierce competition in the SUV segment.
26-Apr-2024 09:39 AM
Read Full NewsAffordable Bajaj Chetak e-scooter Images Leaked Ahead of Launch
Bajaj Auto gears up to unveil a new budget-friendly variant of its Chetak e-scooter, featuring strategic changes like steel wheels and a monochrome display.
26-Apr-2024 07:03 AM
Read Full NewsAffordable Bajaj Chetak e-scooter Images Leaked Ahead of Launch
Bajaj Auto gears up to unveil a new budget-friendly variant of its Chetak e-scooter, featuring strategic changes like steel wheels and a monochrome display.
26-Apr-2024 07:03 AM
Read Full NewsCritical Flaws Highlighted in Xiaomi SU7: 8 Reasons for Concern
Uncover the vulnerabilities in Xiaomi SU7 and understand the 8 reasons for concern. Keep your device secure with essential insights.
26-Apr-2024 06:57 AM
Read Full NewsCritical Flaws Highlighted in Xiaomi SU7: 8 Reasons for Concern
Uncover the vulnerabilities in Xiaomi SU7 and understand the 8 reasons for concern. Keep your device secure with essential insights.
26-Apr-2024 06:57 AM
Read Full NewsAd
Ad
BMW i5
₹ 1.19 Cr
Jeep Wrangler facelift
₹ 67.65 - 71.65 Lakh
Aston Martin Vantage
₹ 3.99 Cr
Ferrari Purosangue SUV
₹ 10.50 Cr
Mahindra Bolero Neo Plus
₹ 11.39 - 12.49 Lakh
Toyota bZ4x
₹ 70.00 Lakh
MG 4
₹ 15.00 - 21.00 Lakh
Mercedes-Benz GLC Coupe 2024
₹ 65.00 Lakh
Audi Q8 2024
₹ 1.17 Cr
Nissan X-Trail
₹ 26.00 - 32.00 Lakh
Ad
Ad
Ad