Hero MotoCorp Writes Down Its Stake in EV Maker Zero by Around 90%, Skips Latest Funding Round

へぇー。なんか大変ね。

Passing on the funding round too... that's got me worried it could threaten Zero's survival.

Electric startup valuations getting slashed—feels like we're seeing more and more of this news lately.

India's biggest player pulling back on investment kind of feels like a warning sign for electric two-wheeler startups as a whole.

For Hero to cut its losses this hard, Zero's finances must be in pretty rough shape.

A 92% write-down basically means it's been valued at almost zero. That's brutal.