Govt-backed India-Japan Fund, Hero MotoCorp and Ather founders infuse ₹1,200 crore in EV maker

The company said the capital could be raised through permissible modes, including a preferential issue or any other method allowed under applicable laws.

Ather Energy's board will deliberate on raising fresh capital through equity shares or convertible securities during its meeting scheduled for July 15.

Hero MotoCorp announced a Rs 1,000 crore investment in Ather Energy. This investment will be made through a preferential allotment, deepening Hero's commitment. The company…

Hero MotoCorp invests ₹1,000 crore in Ather Energy to enhance its electric vehicle strategy and expand market share.

Under the preferential issue, the India-Japan Fund will subscribe to Rs 200 crore worth of equity shares, while Hero MotoCorp will invest Rs 960 crore through convertible…