The country’s largest two-wheeler maker Hero MotoCorp on Friday said it has lined up a $100-million (roughly Rs. 760 crore) global fund to nurture over 10,000 entrepreneurs on ESG (environmental, social and governance) solutions. The auto major announced the fund as it unveiled its new identity ‘Vida’ for the company’s emerging mobility solutions, including upcoming electric vehicles (EVs).
The fund will aim to establish global partnerships, spearheaded by the BML Munjal University (BMU) and Hero MotoCorp, with the objective of nurturing more than 10,000 entrepreneurs on ESG solutions that have a positive impact on the planet.
“Vida means life, and the brand’s sole purpose is to create a positive impact on the world and move us all forward in meaningful ways. We believe the name is perfect for what we are building for our children and the next generation. This is truly the dawn of something special. In only 17 weeks from today, we will unveil our Vida platform, products and services to make the world a better place,” Hero MotoCorp Chairman and CEO Pawan Munjal said in a statement.
With the creation of ‘Vida’, the company would offer everyone the opportunity to thrive, grow and live better while continuing to move the way they want, he added. “I will lead this initiative from the front,” Munjal noted.
The company will introduce emerging mobility solutions under the Vida brand including its electric vehicle that will be officially unveiled on July 1, 2022, to coincide with the birth anniversary of Hero MotoCorp Chairman Emeritus Brijmohan Lall.
The production of the new Vida model will be undertaken at the company’s Chittoor-based manufacturing facility in Andhra Pradesh. Dispatches to customers will begin later this year.
The unveiling event in Dubai (UAE) was attended by senior government representatives and the diplomatic corps in the UAE, policymakers and various stakeholders of Hero MotoCorp, including the board of directors, senior employees from around the world, dealers, global distributors, supply chain partners and other associates.
For details of the latest Nokia, Samsung, Lenovo, and other product launches from the Mobile World Congress in Barcelona, visit our MWC 2022 hub.
Mi Band 7 Specifications Surface Online; Tipped to Feature Larger Display, GPS Support, More
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
