Ather Energy Receives ₹900 Crore Funding from Hero MotoCorp, GIC
Bengaluru-based electric vehicle (EV) startup Ather Energy has successfully secured ₹900 crore (approx $108 million) from its existing shareholders Hero MotoCorp and GIC through a rights issue. Hero MotoCorp, which already holds a 33.1% stake in Ather Energy, has committed to investing up to ₹550 crore (approx $66 million) in the EV startup’s rights issue….