EV push: Eicher Motors to pick 10.35% stake in Spain-based Stark Future
Indian automotive major Eicher Motors, the parent company of Royal Enfield, on Thursday, announced a strategic collaboration in the space of electric motorcycles with Spain-based Stark Future SL.
The board of directors of Eicher Motors has cleared an investment of €50 million for close to 10.35 per cent equity stake in Stark Future.
With this investment, Eicher will have a seat on Stark Future’s board and will explore further opportunities to collaborate in the space of electric mobility.
