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Investment: Hero MotoCorp launches $100m ESG fund and launches Vida

Fiinews by Fiinews
March 7, 2022
in Investment
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Dr. Munjal wants to build a future of optimism and positive energy

Hero MotoCorp Chairman & CEO Dr. Pawan Munjal has announced a US$100 million Global Sustainability Fund 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 Environmental, Social and Governance (ESG) solutions for a positive impact on the planet.

With a focus on sustainability, and the vision of a flourishing, meaningful world for future generations, Dr. Munjal highlighted focused action-points for bringing his vision to life at the event.

“When I see our future generations, especially my grandchildren, all I want to do is build a future of optimism, a future of positive energy, a future which is clean, where everyone has something to look forward to and participate in something bigger and better,” he said while unveiling A Hero-powered Vida, a brand-new identity for its emerging mobility solutions, including upcoming Electric Vehicles (EV).

“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.”

“With the creation of ‘Vida’ we will offer everyone the opportunity to thrive, grow and live better while continuing to move the way they want. I will lead this initiative from the front,” Dr Munjal said on 3 Mar 2022 in Dubai.

As a central pillar of the future-ready strategy, Dr. Munjal unveiled the new brand to lead the mobility transformation across the world.

Vida, Powered by Hero will be the brand under which Hero MotoCorp’s initiatives for emerging mobility solutions will be introduced, the first of which will be an electric vehicle that will be officially unveiled on 1 July 2022, to coincide with the birth anniversary of Dr. Brijmohan Lall, the legendary Chairman Emeritus of Hero MotoCorp.

The production of the new Vida model will be done at Hero MotoCorp’s ‘Green’ manufacturing facility in Chittoor, India. Dispatches to customers will begin later in 2022.

The one-of-a-kind event was attended by global thought leaders, senior government representatives and the diplomatic corps in the UAE, policy makers and various stake holders of Hero MotoCorp, including the Board of Directors, senior employees from around the world, dealers, global distributors, supply chain partners and other associates. fiinews.com

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