The worlds largest motorcycle manufacturer Hero MotoCorp, announced an investment of $11million in Ather Energy, taking up its shareholding in the Company to 34.58%.
- The fresh investments by Hero MotoCorp will help in achieving its vision to Be the Future of Mobility.
- Hero MotoCorp has been a part of Athers growth story since 2016, when it first invested as a part of Series B funding.
- Hero MotoCorp helping company for the growth of electric vehicles (EV) in the near future
In February 2020: Hero MotoCorp announced to create the next generation of mobility solutions with investments of approximately $1.3 billion over the next 5-7 years.
In November 2019, Hero Future Energies (HFE) had announced that Abu Dhabi Future Energy Company Masdar would invest $150 million in the company. The investment will help in the expansion of HFEs renewable energy portfolio, including in selected international geographies.
in July 2019, Hero MotoCorp had announced an investment of $19 million more in electric scooter startup Ather Energy Pvt. Ltd. increasing Hero MotoCorps stake in Ather Energy. Ather Energy is a Bengaluru-based Indian electric vehicle company founded by Tarun Mehta and Swapnil Jain in 2013. It manufactures two electric scooter models, the Ather 340 and Ather 450.
About Hero MotoCorp
Hero MotoCorp is a leading two wheeler company, headquartered in New Delhi, India. The company is one of the best bike manufacturers in India and the largest two-wheeler manufacturer in the world. Hero Motocorp formerly known as Hero Honda. The company has about 7 globally benchmarked manufactured facilities in Gurgaon, Dharuhera, Haridwar, Neemrana, Gujarat, Bangladesh and Colombia.