{"id":602375,"date":"2023-09-08T09:25:55","date_gmt":"2023-09-08T03:55:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=602375"},"modified":"2023-09-08T09:50:59","modified_gmt":"2023-09-08T04:20:59","slug":"ather-energy-raises-rs-900-cr-from-hero-motocorp-and-gic-for-expansion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ather-energy-raises-rs-900-cr-from-hero-motocorp-and-gic-for-expansion\/","title":{"rendered":"Ather Energy raises Rs 900 cr from Hero MotoCorp and GIC for expansion"},"content":{"rendered":"<p>Ather Energy, which makes electric two-wheelers, said on Wednesday it has raised Rs 900 crore from existing shareholders Hero MotoCorp and GIC through a rights issue. It will use the funds for launching new products and expanding its charging infrastructure and retail network.<\/p>\n<p>\u201cThe last few years have demonstrated just how quick the EV [electric vehicle] transition in India can be and how it will be led by two-wheelers,&#8221; said Tarun Mehta, chief executive officer and cofounder of Ather Energy.<\/p>\n<p>&#8220;We have always believed that this transition will be led by world-class technology and products designed and built in India and this year will be no different with our largest outlay on research and development yet, planned in 2023-24.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ather Energy, which makes electric two-wheelers, said on Wednesday it has raised Rs 900 crore from existing shareholders Hero MotoCorp and GIC through a rights issue. It will use the funds for launching new products and expanding its charging infrastructure and retail network. \u201cThe last few years have demonstrated just how quick the EV [electric vehicle] transition in India can be and how it will be led by two-wheelers,&#8221; said Tarun Mehta, chief executive officer and cofounder of Ather Energy. &#8220;We have always believed that this transition will be led by world-class technology and products designed and built in India [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-602375","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=602375"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602375\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=602375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=602375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=602375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}