Ather Energy raises Rs 1,200 Cr from Hero MotoCorp, India-Japan Fund and founders
Ather Energy approved a Rs 1,200 crore preferential fundraise led by Hero MotoCorp (Rs 960 crore), the India-Japan Fund (Rs 200 crore) and founders (Rs 20 crore each). Part of a Rs 2,500 crore plan to fund manufacturing, R&D, and retail/charging network expansion amid intensifying EV two-wheeler competition.
Ather Energy approved a Rs 1,200 crore preferential fundraise from Hero MotoCorp, the India-Japan Fund and founders, part of a Rs 2,500 crore plan to fund manufacturing expansion, R&D, and retail/charging network growth amid rising EV two-wheeler competition.
Also reported by
- YourStory — Same time