Electric two-wheeler maker Ather Energy has raised ₹1,200 crore in fresh funding, marking a significant step in its plans to expand production, strengthen technology and accelerate growth in India’s fast-growing electric vehicle market.
The funding round also saw Hero MotoCorp, Ather’s largest strategic investor, increase its stake in the company to 30.68%, reaffirming its long-term confidence in the Bengaluru-based EV manufacturer.
Ather said the newly raised capital will be used to expand its manufacturing capacity, strengthen research and development, introduce new products and widen its retail and charging network across the country. The company is also expected to invest in next-generation battery technology and software capabilities to improve the ownership experience for customers.
India’s electric two-wheeler market has become increasingly competitive, with established manufacturers and new startups racing to introduce innovative products. Ather has positioned itself as a premium EV brand, focusing on smart scooters equipped with connected technology, fast charging and advanced software features.
The fresh funding will help Ather compete more aggressively as demand for electric mobility continues to grow. The investment is expected to support the company’s long-term strategy of increasing production and reaching more cities across India.
Hero MotoCorp’s decision to increase its holding highlights the strategic partnership between the two companies. Hero has backed Ather for several years and continues to support its expansion plans as India’s transition towards cleaner transportation gathers pace.
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