News
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.