Hero MotoCorp partner, the American motorcycle maker Erik Buell Racing (EBR) has procured an investment of USD 20 million from a foreign investor. EBR is now gearing up to produce affordable motorcycles. The new funding is being used to hire additional workforce, expanding EBR’s Milwaukee plant to 54,000 square feet. Though Hero MotoCorp isn’t forthcoming with information on the new development, we expect the funding to have flowed in from the Indian partner.
Fazilka A
EBR in expansion mode
Company infused with USD 20 million, possibly from Hero MotoCorp.
1 min read•3 Aug '12
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Poll of the month
Delhi’s draft EV policy mandates only electric 2W registrations by 2028. What is your view?
Delhi’s pollution crisis justifies strong mandates like this
Buyers will find ways around it, like registering in other states
It's too harsh! Incentivising EV purchases is a better strategy
The mandate should extend to four-wheelers too
1386 votes•73 days remaining
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