EV push: Eicher Motors to pick 10.35% stake in Spain-based Stark Future

Stark Future recently launched its first high performance electric motocross bike, the Stark VARG

Lal’s remuneration increased from Rs 1.06 crore in 2010 to Rs 21.12 crore in 2020-21.

"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

Shine Jacob Chennai
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

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First Published: Dec 29 2022 | 9:53 PM IST

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