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Mug Kawasaki Z1000 Bull | 2014-2020
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BMW F900R Hoodie
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Hoodie KTM 450 XC-F 2008-2024
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Hoodie Honda CBR 150R Panther | 2010-2018
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T-shirt BMW R100GS 1988-1990
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Kawasaki Z650 Bull T-shirt | 2020-2023
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BMW R1200RS Hoodie
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Triumph Daytona 900 Hoodie 1993-1996
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Triumph Daytona 750 T-shirt 1991-1993
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Triumph Tiger Sport 660 Stickers - Set of 3 2022-2024
The collaboration involved an equity investment of EUR50 million, which entails to 10.35 per cent stake in Stark Future. The acquisition also puts Eicher Motors Ltd to have a director seat on the board.
All business matters aside, the partnership will explore the vast opportunity of electric mobility, which Stark Future was vying for when the company debuted its first high-performance motorcycle, the Stark VARG electric motocross.
That said, it will be an exciting development between the two companies as Stark Future already has several patents while Royal Enfield is also working on its electric motorcycle concept called Electrik01.
One thing is for sure, Eicher Motors Ltd Managing Director Siddartha Lal is excited about the new partnership.
“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,” he said.
The Stark VARG has quite an interesting spec sheet, particularly the electric motor that’s capable of producing 80hp and 938Nm and can be ridden up to six hours.
#RoyalEnfield #Moto #Bike #Motorcycle