Hero MotoCorp invests additional Rs 140 crore in Ather Energy, increases stake to 39.7%
Hero MotoCorp, the world’s largest two-wheeler manufacturer has announced its plans to invest an additional Rs 140 crore in Bengaluru-based electric vehicle manufacturer Ather Energy.
With the new investment, the company will increase its stake in the EV maker from existing 36.7 percent to 39.7 percent.
Interestingly, it was in September 2023, Ather Energy had raised Rs 900 crore from Hero MotoCorp and GIC through a rights issue. The funds were being deployed for new product launch and expanding charging and retail network.
