"Stark Future has been able to understand and harness the potential of EV technology by dramatically outperforming internal combustion engine offerings," said Eicher Motors MD Siddhartha Lal
Indian automotive major Eicher Motors, the parent company of Royal Enfield, on Thursday, announced a strategic collaboration in the space of electric motorcycles with Spain-based Stark Future SL.
The board of directors of Eicher Motors has cleared an investment of €50 million for close to 10.35 per cent equity stake in Stark Future.
With this investment, Eicher will have a seat on Stark Future’s board and will explore further opportunities to collaborate in the space of electric mobility.
This investment has strategic significance for both Royal Enfield and Stark Future, given both companies are keenly invested in creating innovative and sustainable solutions for
First Published: Dec 29 2022 | 9:53 PM IST