The companies have signed a memorandum of understanding (MOU) that sets out the general principals of a joint venture (JV) for zero-emission battery electric scooters and motorcycles.

Naveen Munjal, managing director of HEROElectric, said: “We have signed an MOU with Electrovaya for what will ultimately become a joint venture once all the details of the new company are finalized. The HEROGroup has created history in the past, and is now all set to create the future with an advanced battery electric scooter. The lead acid batteries have limitations such as the need for frequent re-charging, shorter lifespan and so on. In contrast, lithium ion batteries have the potential to revolutionize the electric vehicle market.”

Sankar Das Gupta, CEO of Electrovaya, said: “Electrovaya’s mission is to accelerate clean transportation as a commercial reality with its advanced power systems for all classes of zero-emission electric vehicles. The joint venture with HEROElectric will certainly boost this effort in India as well as in HERO’s markets across the globe.”