Hero MotoCorp and Gogoro Taiwan announce Join-Venture To Introduce Gogoro’s Battery Swapping Network In India.
Hero MotoCorp India, and Gogoro Taiwan, announced a strategic partnership to accelerate the move to electric mobility in India. The partnership brings together Hero, the world’s largest manufacturer of motorcycles and scooters, and Gogoro, one of the global leaders in battery-swapping and electric mobility. The companies will establish a battery swapping joint venture to bring Gogoro’s battery swapping platform to India and collaborate on electric vehicle development to bring Hero-branded vehicles, powered by Gogoro Network to market.
Founded in 2011, Gogoro is the largest battery swapping network in the world. Gogoro’s Network manages over 200,000 battery swaps a day at 2,087 GoStations across Taiwan, and the operation know how to be applied together with Hero MotorCorp in India. With more than 174 million total battery swaps to date, and recognition by the Frost & Sullivan Award with Company of the Year Award for the Global Swappable Battery Electric Scooter Market.
Hero on the other hand is a veteran corporation in the 2 wheel space, founded in the 80’s and with over 100 million sold motorcycles and scooters. Hero MotoCorp currently sells its bikes in more than 40 countries across Asia, Africa, Middle East, and South and Central America, and manufactures through 6 India based facilities, as well as one in Colombia and one in Bangladesh.
With their early creation of HeroElectric , Hero MotoCorp saw well into the need of the future. They offer electric 2 wheelers across 25 dealerships in India already and provide to the needs of the local market. India requires servicing a large population in small and dense urban areas, where they can benefit tremendously from Gogoro’s experience in building the swappable battery network, and providing their riders with a sustainable solution for continues riding, and reducing range concerns.
“Our strategic partnership with Gogoro is in line with our 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 the swapping business model, as they have demonstrated over the years in Taiwan and the rest of the world,”Dr. Pawan Munjal, Chairman and CEO, Hero MotoCorp.
“This partnership will further enhance the work and partnerships that we already have in our EV portfolio. This will further extend the work which we are doing at our R & D hubs at the Centre of Innovation and Technology (CIT) in Jaipur & our Tech Centre in Germany. Hero and Gogoro’s vision and commitment are perfectly aligned towards the common goal of accelerating the shift to smart, sustainable electric mobility in India, and around the world. With this new partnership, we 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.”Dr. Pawan Munjal, Chairman and CEO, Hero MotoCorp.
“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,”
“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.”Horace Luke, founder, and CEO, Gogoro Inc.