Royal Enfield has announced an investment of 50 million Euros in Spanish EV maker Stark Future.
Eicher Motors Limited, the parent company of Royal Enfield, has announced an investment of 50 million Euros in Spanish EV maker Stark Future.
With the latest investment, the Chennai-based bikemaker has acquired a 10.35% stake in Stark Future. It also gives Eicher Motors a seat on the company’s board.
According to Royal Enfield CEO B Govindarajan, the company would leverage Stark’s EV technology to develop its own EV platforms, which could be shared among the brands in the future.
Stark Future is a European electric motorcycle maker. The company recently launched an electric motocross bike called the Stark Varg. It packs a 6 kWh battery that powers an electric motor that develops either 59 BHP or 79 BHP, depending on the variant.
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