Hero Motocorp to invest over $56m in Indian EV startup Ather Energy

Visual from Ather Energy website

Indian two-wheeler vehicle maker Hero Motocorp Ltd said on Friday it would invest up to 4.20 billion rupees ($56.66 million) in electric vehicle (EV) startup Ather Energy as it looks to expand its presence in the green mobility space.

The company, which held 34.8% in Ather Energy prior to the investment, said its new stake in the startup would be determined after Ather‘s funding round completes.

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