Hero invests Rs 420 cr in Ather Energy, to unveil its first EV in March

Prior to the proposed investment, Hero MotoCorp's shareholding in Ather Energy was 34.8 per cent

Hero Motocorp, the world’s largest manufacturer of motorcycles and scooters, on Friday announced an investment of up to Rs 420 crore in Ather Energy.

Prior to this, Hero’s shareholding in Ather Energy was 34.8 per cent. The exact increase in shareholding will be determined upon completion of the fundraise round.

“We are excited to see the growth of Ather Energy in recent years. Our aim is to expand the Hero Motocorp brand promise and make EV (electric vehicle) ownership a convenient, hassle-free, and rewarding experience for customers across the world,” said Swadesh Srivastava, Head - Emerging Mobility Business Unit at Hero.

The two-wheeler