Ather Energy board clears Rs 1,200 crore raise; Hero MotoCorp to inject Rs 960 crore
Ather Energy's board approved a Rs 1,200 crore fund raise, led by Hero MotoCorp's Rs 960 crore commitment alongside the India-Japan Fund. Proceeds target R&D, marketing, debt repayment and the Factory 3.0 project, expanding EV two-wheeler capacity to 1.42 million units annually.
Ather Energy's board approved raising Rs 1,200 crore from Hero MotoCorp (Rs 960 crore) and India-Japan Fund, funding R&D, marketing, debt repayment and its Factory 3.0 project to expand EV two-wheeler capacity to 1.42 million units annually.