Govt Joins Ather Energy's ₹1,200 Cr Raise With ₹200 Cr Via India-Japan Fund
The government's India-Japan Fund will invest ₹200 crore in EV two-wheeler maker Ather Energy's ₹1,200-crore preferential issue, alongside Hero MotoCorp (₹960 crore) and founders (₹40 crore). It forms part of a broader ₹2,500-crore fundraise. Ather shares rose 9% to ₹1,309.7 on the news.
The government will invest ₹200 crore via the India-Japan Fund in EV two-wheeler maker Ather Energy's ₹1,200-crore preferential issue, alongside Hero MotoCorp (₹960 crore) and founders, part of a broader ₹2,500-crore fundraise.