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Ola Electric rival Ather Energy set to receive Rs 1,000 crore fresh investment from Hero MotoCorp
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Hero MotoCorp has approved an additional investment of up to Rs 1,000 crore in Ather Energy.
Investment will be made via preferential allotment of shares or other eligible securities.
Ather Energy is an electric two-wheeler manufacturer and a rival to Ola Electric.
This brings total investment from Hero MotoCorp in Ather Energy to Rs 1,240 crore.
Hero MotoCorp is the largest shareholder in Ather Energy.
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