The band's management confirmed the news through their official Facebook page.
"There is no easy way to say this... Our mighty, noble friend Lemmy passed away today after a short battle with an extremely aggressive cancer. He had learnt of the disease on December 26th, and was at home, sitting in front of his favorite video game from The Rainbow which had recently made it's way down the street, with his family," the post read.
"We will say more in the coming days, but for now, please lay Motorhead loud, play Hawkwind loud, play Lemmy' music LOUD. Have a drink or few. Share stories.
"Celebrate the LIFE this lovely, wonderful man celebrated so vibrantly himself. HE WOULD WANT EXACTLY THAT. Ian 'Lemmy' Kilmister. 1945 -2015. Born to lose, lived to win," the band wrote.
Lemmy was born Ian Fraser Kilmister in Burslem, Stoke-on-Trent, in 1945. He lived in Anglesey, Wales, as a child and got the nickname Lemmy during school days.
The rocker had suffered from numerous health issues in the past year, resulting in a series of postponed concerts.
Despite Motorhead music being popular among heavy metal fans, Lemmy himself insisted that the band was a rock and roll act.
He also dabbled in acting with cameos in films such as "Airheads", "Hardware", and even Foo Fighters' video for "White Limo".
Lemmy's passing comes just a month after former Motorhead drummer Phil Taylor passed away at 61.
Motorhead were scheduled to tour the UK and France in early 2016.
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