Ather Energy secures ₹1,200 crore from Hero MotoCorp, India-Japan Fund and founders
EV two-wheeler maker Ather Energy approved a ₹1,200-crore preferential allotment—the first tranche of a ₹2,500-crore capital raise—backed by Hero MotoCorp, the govt-backed India-Japan Fund (NIIF) and its founders. Proceeds will fund R&D, manufacturing expansion and new product development.
EV two-wheeler maker Ather Energy approved a ₹1,200-crore preferential allotment to Hero MotoCorp, the India-Japan Fund and founders, the first tranche of its ₹2,500-crore capital raise to fund R&D, manufacturing expansion and new products.