Hero Motocorp and Gogoro form joint venture to introduce Gogoro’s industry-leading battery-swapping network

Published On: April 22, 2021 06:24 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, April 22: 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, the world’s largest manufacturer of motorcycles and scooters, and Gogoro, the global leader in urban battery swapping and smart mobility innovation.

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

Commenting on the new partnership, chairman and CEO of Hero MotoCorp, Dr Pawan Munjal said their strategic partnership with Gogoro is in line with their vision - ‘Be the Future of Mobility’ which “we are bringing alive through our Mission to ‘Create, Collaborate & Inspire’.” “Today marks another major milestone in our journey, as we bring Hero’s leadership in two-wheelers, our Global scale and innovation powerhouse, with the leadership of Gogoro in Swapping business model, as they have demonstrated over the years in Taiwan and the rest of the world,” the statement quoted Munjal as saying.

Munjal said that the partnership will further extend the work, which they are doing at their R&D hubs at the Centre of Innovation and Technology (CIT) in Jaipur and their Tech Centre in Germany. “The vision and commitment of Hero and Gogoro is perfectly aligned toward the common goal of accelerating the shift to smart, sustainable electric mobility in India, and around the world,” he said.

With this new partnership, the two companies commit to introducing a sustainable mobility paradigm, first in India and then in other markets around the world. “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 further said.

Commenting on the new partnership, founder & CEO of Gogoro Inc, Horace Luke said they 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,” he said. “The Hero-Gogoro partnership addresses these challenges and will leverage Hero’s market strength and Gogoro’s industry leading innovations to deliver smart vehicles and refueling with Gogoro Network battery swapping.”