Hero MotorCorp invests Rs 20 cr in two-sheeler start-up Ather Energy

The company's first electric scooter is expected to be ready by mid-next year

Hero MotorCorp has invested an additional Rs 20 crore in Ather Energy, the smart electric two-wheeler start-up, as part of the company's total commitment of Rs 205 crore for 26-30 per cent of the stake in the company.

Hero's balance sheet shows the company has invested Rs 20.05 crore during the quarter and half-year ended September in Ather Energy Pvt Ltd (India), which was termed as an associate of the company.

The Bengaluru-based start-up is engaged in the business of designing and manufacturing smart elecrtric vehicles and associated charging infrastructure.

Ather said Rs 20.05 crore was the