Eicher Motors Ltd, the parent company of Royal Enfield, has announced a strategic investment in Spanish electric mobility company, Stark Future S.L. The investment, amounting to €50 million, translates to a close to 10.35% equity stake in Stark Future. The deal will see Eicher Motors nominate a director to the board of Stark Future.
The Stark VARG is a high-performance electric dirt bike designed to rival traditional 450cc gas-powered bikes. It features a powerful 9kg motor and a small, light inverter, allowing for a power-to-weight ratio of over 938Nm of torque. The bike offers customizable power output options and a riding range of up to 6 hours. The 6kWh battery pack is encased in a waterproof magnesium case and has a patent pending pressure relief system. The front and rear suspensions are fully customizable for the rider’s weight and height, with advanced solutions from KAYABA.
This collaboration will pave the way for a long-term partnership in research and development, technology sharing, technical licensing, and manufacturing. The investment is strategic for both Royal Enfield and Stark Future, as both companies are invested in creating innovative and sustainable solutions in global mobility.
Stark Future recently launched its first high-performance electric motocross bike, the Stark VARG, which received positive response from global media, professional riders, and dealers. The partnership allows Royal Enfield to support Stark Future in their industrialization process, while Stark Future will contribute to Royal Enfield’s EV platforms and share some EV platforms in the future.
Siddhartha Lal, Managing Director of Eicher Motors Ltd said “We love the vision, passion and focus of the amazing team at Stark Future. Stark Future has the highest potential for real breakout growth in the EV leisure space with this model, and the potential to use this strong base to extend into other contiguous segments and beyond.”
Check out the full specs here
Source: Eichar motors