Electrification of Mobility in India

Hero MotoCorp, Gogoro sign deal

Staff Correspondent

23 April, 2021 12:00 AM printer

Hero MotoCorp, Gogoro sign deal

Hero MotoCorp and Gogoro Inc on Thursday announced a strategic partnership to accelerate the shift to sustainable electric mobility in India.

The partnership brings together Hero, and Gogoro, the global leader in urban battery swapping and smart mobility innovation, said a press release.

The companies will establish a battery swapping joint venture to bring Gogoro’s industry battery swapping platform to India and will collaborate on electric vehicle development to bring Hero-branded, powered by Gogoro Network vehicles to market.

Commenting on the new partnership, Dr Pawan Munjal, Chairman and CEO, Hero MotoCorp, said, “Our strategic partnership with Gogoro is in line with our Vision - ‘Be the Future of Mobility’ which we are bringing alive through our mission."

Today marks another major milestone in our journey, as we bring Hero’s leadership in two-wheelers with the leadership of Gogoro in Swapping business model, as they have d emonstrated over the years in Taiwan and rest of the world,” he added.

Munjal also said that this partnership will further extend the work, which we are doing at our R&D hubs at the Centre of Innovation and Technology (CIT) in Jaipur and our tech centre in Germany.

"This partnership will strengthen and expedite the Indian government’s electrification drive and will have a significant impact on India’s energy and mobility future," he added.

“We are at a critical stage in the transformation of urban mobility and the evolution of smart cities. With more than 225 million gas-powered two wheel vehicles in India, the need for smart and sustainable electric transportation and refueling is vital,” said Horace Luke, Founder & CEO, Gogoro Inc.

The Gogoro Network is a hyper-efficient battery swapping platform that was recognized by Frost & Sullivan with the 2020 Company of the Year Award for the Global Swappable Battery Electric Scooter Market.

With more than 375,000 riders and 2,000 battery swapping stations, Gogoro Network manages 265,000 daily battery swaps with more than 174 million total battery swaps to date.