Hero MotoCorp has made a further investment of Rs 84 crore ($11million) in Ather Energy, taking up its shareholding in the company to 34.58%. Prior to the investment, Hero MotoCorp’s shareholding in Ather Energy was 31.27%.
The announcement comes close on the heels of several new strategic decisions taken by the company towards achieving its vision to ‘Be the Future of Mobility’. Hero MotoCorp has been a part of Ather’s growth story since 2016, when it first invested as a part of Series B funding.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
