Forging New Bonds
Tork Motors, makers of India’s first electric motorcycle announces its strategic partnership with Bharat Forge Ltd. The partnership will focus on commercializing Tork’s flagship product ‘T6X’ as well as strengthening its electric vehicle drive train technology.
About Tork Motors Pvt Ltd: Tork (www.torkmotorcycles.com) is India’s first, premium electric motorcycle company. Founded by Kapil Shelke in Pune, India, Tork’s early prototypes were developed between 2009 to 2012 and participated in several international races including the prestigious Isle of Man TT with podium finishes. This demonstrated the capability of team to develop a high performance product with world class technology.
Tork team has been working on developing production version “T6X” since 2015. T6X is powered by lithium ion batteries, engineered to travel at a top speed of 100 kmph with superior acceleration. T6X travels 100 km on a single charge in all weather conditions. With its quick charge feature, the battery can be charged up-to 80% in an hour. T6X will have on board navigation, storage, cloud connectivity and TFT dash board. Presently, T6X is being thoroughly tested on all parameters before it hits the market.
Born on the race track and indigenously built as a culmination of seven years of extensive research and development, Tork continues further in its state-of-the-art electric motorcycle technology with their signature TIROS (Tork Intuitive Response Operating System), the intelligence that will power the T6X.
About Bharat Forge Ltd: Bharat Forge Limited (BFL), is a USD 2.5 bn Indian conglomerate based in Pune, India. BFL is the world’s largest forging company with manufacturing facilities spread across India, Germany, Sweden, France and North America. Bharat Forge manufactures a wide range of high performance, critical & safety components for the automotive & non-automotive sector. It is India’s largest manufacturer and exporter of automotive components and leading chassis component manufacturer in the world. BFL’s customer base includes virtually every global automotive backed by several decades of experience in component manufacturing & metallurgy..
BFL is committed for a strategic investment of INR 30 crores in Tork Motors and partnership to develop components and solutions for personal mobility space. Tork has plans of utilizing the amount for engineering, testing and commercialization of T6X. Tork will gain immense engineering, technological and manufacturing knowledge through this partnership. This will help Tork to establish its footprints in electric two wheeler segment.
On behalf of Tork, Quadra Corporate Advisors LLP worked as bankers and LegaLogic Consulting LLP worked as lawyers for this transaction.