- Royal Enfield invests in an electric dirt bike company
- Invests € 50 million in Stark Future
- Will share EV platforms
Royal Enfield is ending 2022 with big news. The company has invested € 50 million in Stark Future – a Spanish company specializing in electric dirt bikes.
As a part of this investment, Royal Enfield will own a 10.35 per cent stake in Stark Future and get a seat on the company’s board. Additionally, it plans to collaborate with Stark Future in electric mobility and build new tech and products for various markets.
As of now, Stark Future has only one model in its portfolio – the Stark Varg. The Varg is an electric dirt bike, and the company claims it to be the most advanced electric motorcycle in the world. The specs of the Varg look pretty impressive as it gets an electric motor that churns out 80bhp. With such a powerful figure and a claimed kerb weight of 110kg, the Varg looks quite fun and performance-oriented. In terms of battery power, it takes one to two hours to fully charge, and the bike can be ridden for almost six hours on one full charge.
A few weeks ago, we discussed the electric Himalayan under development. Royal Enfield will use this opportunity to learn the tips and tricks of developing new electric two-wheelers and apply them to the e-Himalayan. The brand also confirmed its plans to share EV platforms, and we are excited to see that happen.
