Govt to invest ₹200 crore in Ather via India-Japan Fund in ₹1,200-crore round
EV two-wheeler maker Ather Energy raises fresh capital through a ₹1,200-crore preferential issue. The India-Japan Fund (backed by NIIF) contributes ~₹200 crore, Hero MotoCorp adds ₹960 crore, and co-founders put in ₹20 crore each. Shares issued at ₹1,230, with an 18-month warrant conversion window.
Government of India will invest ~₹200 crore in EV two-wheeler maker Ather Energy via the India-Japan Fund, part of a ₹1,200-crore preferential fundraise, with Hero MotoCorp contributing ₹960 crore and co-founders ₹20 crore each.