Hero MotoCorp to invest Rs.420-Cr more in EV firm Ather Energy

Existing stakeholder Hero MotoCorp Ltd. is to invest an additional INR 420 crore in Bangalore-based electric scooter maker Ather Energy. The publicly listed Hero MotoCorp currently holds a 34.8% stake in the Bengaluru-based startup. Hero is exploring collaborations with Ather Energy in various spheres, such as charging infrastructure, technology and sourcing.