Legacy companies in the mobility space are tying up with and even acquiring young startups to travel into the future
Synopsis
Legacy companies like Mahindra and Mahindra, Hero MotoCorp, and Gulf Oil are collaborating with startups such as Ather Energy, Charge+Zone, and Tirex to explore opportunities in the mobility space. These collaborations aim to leverage synergies in electric vehicle (EV) and ecommerce sectors. Mahindra has partnered with Charge+Zone and Statiq to develop an extensive network of EV charging stations. Hero MotoCorp has joined forces with Ather Energy to create an interoperable fast-charging network. RPG Enterprises has acquired Tyresnmore.com, while Gulf Oil has acquired Tirex Transmission to strengthen their presence in the EV market.
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