Ather Energy Just Got A Huge Investment From Hero MotoCorp

Hero MotoCorp already owns around 35% stake in Ather Energy

Hero MotoCorp is planning to increase its hold in the Indian EV space. And what better way to do that than investing a massive sum of Rs 420 crore in one of the leading EV companies in India, Ather Energy.

To jog your memory, Hero MotoCorp already owns a 34.8% stake in Ather Energy, courtesy of its earlier investments in the company dating back to 2016 and then in 2020. This time, though, the outlay is much more significant, and this should go a long way in helping Ather Energy realise its future plans and scale up production of its lineup, including the Ather 450X, while also developing new electric offerings

Ather charging zig

In August last year, Ather made some of its components, like the charging port, available to other EV makers. So it's right there for the taking, should Hero MotoCorp require it. Also, it wouldn't be a surprise if Hero MotoCorp sought help from Ather Energy, given its experience in the EV segment.

In related news, Hero plans on unveiling its first electric two-wheeler in March 2022. The company had given us a sneak peek of the upcoming e-scooter during its anniversary celebrations last year.

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