Hero MotoCorp To Acquire Stake In Euler Motors For INR 525 Cr

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SUMMARY

Hero MotoCorp’s board approved a proposal to acquire a “significant stake” in the EV startup in one or more tranches, in a mix of primary and secondary investments

In a statement, the two-wheeler maker said that the investment will help it find a “strong foothold” in the fast-growing electric three-wheeler market

Founded in 2018, Euler Motors is an OEM which designs, manufactures, sells and services electric three-wheelers and min-trucks

Auto giant Hero MotoCorp on Thursday (March 20) announced that it will…



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Hero MotoCorp To Acquire Stake In Euler Motors For INR 525 Cr


SUMMARY

Hero MotoCorp’s board approved a proposal to acquire a “significant stake” in the EV startup in one or more tranches, in a mix of primary and secondary investments

In a statement, the two-wheeler maker said that the investment will help it find a “strong foothold” in the fast-growing electric three-wheeler market

Founded in 2018, Euler Motors is an OEM which designs, manufactures, sells and services electric three-wheelers and min-trucks

Auto giant Hero MotoCorp on Thursday (March 20) announced that it will…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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