India’s largest two-wheeler manufacture company Hero Motorcorp on Friday announced to invest up to Rs420 crore in electric two-wheeler company Ather Energy.
Intro
Ather Energy is Bangaluru based electric vehicle company, the brand also established many electric charging stations across the country.
Before the proposed investment, Hero MotorCorp has an owner of 34.8 percent of Ather energy. After the investment, Ather shareholding will increase and the exact shareholding will be established after the completion of the capital raise round by Ather.
This is the 5th time Hero MotorCorp invested in an Ather Energy electric two-wheeler company. In 2016 the Hero motor corp become a strategies partner, In 2021, October Again Hero company become the first brand to adopt the technology of fast charging that will be installed in their upcoming electric two-wheeler scooter, which will be launched in march As a company said.
Moreover, As the news Hero MotorCorp Head- MR. Swadesh Srivastava said- emerging mobility, Business unit. We are on a mission to build the future of mobility, also said that we are working on various emerging mobility solutions.”We are one of the early investors in Ather energy and have continued to expand our associated over the year”, We are excited to see the growth of Ather Energy in recent year.
Our aim is to expand the Hero MotorCorp brand make Ev ownership a convenient, Hassel-tree, and rewarding experience for customers across the world. Hero MotorCorp also works in a variety of areas including charging station infrastructure, technology, and sourcing, aim is to build an ecosystem that covers all fields-sales, innovations, customer care.
Coming to the development of Ev two-wheeler, As Hero motor corp is planning to launch their electric two-wheeler scooter this year in March, the brand said, the development is ongoing – at the company R&D facilities in Jaipur and Munich more. Hero MotorCorp also collaborated with other startup-like Ather energy, recently with Taiwanese company Gogoro Inc.
There are many competitors of Hero MotorCorp like-ola S1, Bajaj chetak, iQube many more, which almost are working on their upcoming electric vehicles that will be launched their EV by the end of this year.
FAQ
Q Who is the founder of Hero MotorCorp?
Ans: Brijmohan Lall Munjal is the founder of Hero MotorCorp.
Ans: Hero MotorCorp share Price is 2,566.00 INR in Indian Rupee.
Q Can we invest in Ather energy?
Ans: As the Friday announcement you can invest in Ather energy
Q Should we buy Ather 450x ?
Ans: Yes, it is available to check it now.
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