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Hero Motocorp Ather Stake: In September, the electric scooter maker had raised INR 900 crore in fresh funding from Hero MotoCorp and GIC. Prior to that, Hero had partially led a USD 128 million fund raise into Ather in January 2022.
In September, the electric scooter maker had raised Rs 900 crore in fresh funding from Hero MotoCorp and GIC. Prior to that, Hero had partially led a $128-million fundraise into Ather in January 2022.
The international expansion comes as the industry saw a 25% decrease in subsidies for electric two wheelers impacting sales earlier this year though it eventually recovered.
Two-wheeler Ev Companies Global: The international expansion comes as the industry saw a 25% decrease in subsidies for electric two wheelers impacting sales earlier this year though it eventually recovered.