{"id":15658,"date":"2022-01-14T20:45:04","date_gmt":"2022-01-14T15:15:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-hero-motocorp-ather-energy\/"},"modified":"2022-01-14T21:47:45","modified_gmt":"2022-01-14T16:17:45","slug":"biz-hero-motocorp-ather-energy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-hero-motocorp-ather-energy\/","title":{"rendered":"Hero MotoCorp\u00a0lines up Rs 420-cr fresh investment in Ather Energy"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1043081095\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Jan 14 (PTI) The country&#8217;s largest two-wheeler maker Hero MotoCorp on Friday said its board has approved to further invest up to Rs 420 crore in electric two-wheeler company Ather Energy.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2801945508\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company&#8217;s board has approved the investment in one or more tranches, Hero Motocorp said in a statement.<\/p><p>Prior to the proposed investment, the company&#8217;s shareholding in Ather Energy stood at 34.8 per cent (on a fully diluted basis).<\/p><p>After the investment, the shareholding will increase and the exact shareholding will be determined upon completion of the capital raising round by Ather, Hero MotoCorp stated.<\/p><div class=\"trade-content_5\" id=\"trade-1951603235\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;In keeping with our vision &#8216;Be the Future of Mobility&#8217;, we are working on a variety of emerging mobility solutions.<\/p><p>&#8220;We were one of the early investors in Ather Energy and have continued to expand our association over the years. We are excited to see the growth of Ather Energy in recent years,&#8221; Hero MotoCorp Head (Emerging Mobility Business Unit) Swadesh Srivastava noted.<\/p><p>The company aims to expand the Hero MotoCorp brand promise and make EV ownership a convenient, hassle-free, and rewarding experience for customers across the world, he added.<\/p><p>Hero MotoCorp is an early investor in Ather Energy and has been part of its growth story since 2016. The company is also exploring collaborations with Ather Energy in various spheres, such as charging infrastructure, technology and sourcing.<\/p><p>Hero MotoCorp said it is addressing the emerging mobility opportunity in a comprehensive manner through a range of organic and inorganic initiatives.<\/p><p>The company is gearing up to unveil its first electric vehicle (EV) in March this year. The vehicle is being developed at its R&amp;D set-up \u2013 the Center of Innovation and Technology (CIT) in Jaipur and the Tech Center Germany (TGG) near Munich \u2013 and will be produced at the company&#8217;s manufacturing facility at Chittoor in the southern Indian state of Andhra Pradesh.<\/p><div class=\"trade-content-10\" id=\"trade-3607326152\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Through its investments and partnerships with external partners like Ather Energy and Gogoro Inc, Hero MotoCorp is also working towards building the entire EV ecosystem \u2013 from products to technology, to sales, service, customer care, operations, and innovation, the company noted. PTI MSS HRS hrs<\/p><div class=\"trade-after-content\" id=\"trade-1872228435\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Jan 14 (PTI) The country&#8217;s largest two-wheeler maker Hero MotoCorp on Friday said its board has approved to further invest up to Rs 420 crore in electric two-wheeler company Ather Energy. The company&#8217;s board has approved the investment in one or more tranches, Hero Motocorp said in a statement. Prior to the proposed [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":15689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31,1789],"tags":[],"class_list":["post-15658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hero MotoCorp\u00a0lines up Rs 420-cr fresh investment in Ather Energy - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-hero-motocorp-ather-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hero MotoCorp\u00a0lines up Rs 420-cr fresh investment in Ather Energy\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Jan 14 (PTI) The country&#8217;s largest two-wheeler maker Hero MotoCorp on Friday said its board has approved to further invest up to Rs 420 crore in electric two-wheeler company Ather Energy. 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