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

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

This is the fifth time Hero MotoCorp is investing in Ather Energy. It is yet to enter the electric two-wheeler market. Its first investment was back in 2016 when it became a strategic partner. The company’s board has approved the investment in one or more tranches, according to a regulatory filing Friday. The Delhi-based company said it is exploring collaborations with Ather Energy in various spheres, such as charging infrastructure, technology, and sourcing. Hero MotoCorp has also tied up with Taiwan-based battery swapping company Gogoro Inc, and said it is working towards “building the entire EV ecosystem”.

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