- Royal Enfield's parent company invested in Spanish electric mobility company Stark Future
- The partnership will enhance the research and development of electric motorcycle
- This investment has strategic significance for both Royal Enfield and for Stark Future
The parent company of Royal Enfield, Eicher Motor Limited, has announced a strategic partnership with Stark Future SL, a company based in Spain. Eicher Motors Ltd. received a 10.35% equity stake in Stark Future as part of this agreement. Eicher Motors Ltd. will join Stark Future's board as a result of this investment, and the company will look into more potential for cooperation in the field of electric mobility. Both Royal Enfield and Stark Future, who are heavily involved in developing innovative and sustainable solutions for international mobility, may benefit strategically from this investment.
Also Read: Ola Electric Motorcycle To Rival Ultraviolette F77 - Launch In 2023
Royal Enfield Partnership With Stark Future
Electric motorbike maker Stark Future is based in Europe and specialises in producing high-performance models. Stark Future works to create sustainable goods that outperform traditional technology in terms of performance, emotion, and design with a goal of influencing the motorcycle industry toward sustainable mobility. With multiple patents on its newly developed Stark VARG, Stark Future has extensive knowledge of the EV area and connected technology.
Over the past few years, Royal Enfield has advanced significantly in its EV development. The corporation has placed a significant emphasis on sustainable mobility technology in its R&D programmes, and several concepts are currently undergoing advanced testing. In order to produce distinctively diverse electric motorcycles with strong Royal Enfield DNA in the midweight category, the business has been actively developing a sharp and analytical understanding of the EV space.
Speaking about Stark Future and this partnership, Eicher Motors Ltd Managing Director, Siddhartha Lal says, We love the vision, passion and focus of the amazing team at Stark Future. Leisure motorcycles do not easily lend themselves to EV technology at this stage, due to challenges like the battery range, packaging, weight and cost. This has resulted in stunted growth of this segment till now. Stark Future has been able to understand and harness the potential of EV technology by dramatically outperforming ICE offerings, without compromising on range, weight, packaging and cost. They have created an absolutely astounding motocross motorcycle - the Stark VARG as their entry into the EV world. We believe that 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
Also Read: More Affordable Ather 450X Gen 3 To Launch On 7 January?
Verdict: With this strategic investment, Royal Enfield will take the benefit of Stark Future's expertise in making a new Royal Enfield brand electric motorcycle. The brand may bring its fist electric motorcycle by 2025 and it can be categorised as a mid-weight performance electric motorcycle.
