hero-motocorp

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Daily News Wrap-Up: Indian Solar Imports Surge to $2 Billion in Q1 2024

India imported solar cells and modules totaling over $2 billion (~₹167 billion) in the first quarter (Q1) of the calendar year 2024, up 147.5% year-over-year (YoY),...

June 12, 2024

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Mercom Staff

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Daily Wrap-up
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Hero MotoCorp Increases Stake in EV Firm Ather by 2.2%

Hero MotoCorp has increased its stake in electric mobility firm Ather Energy by 2.2% by purchasing shares worth ₹1.24 billion (~$14.85 million). The indicative period...

June 11, 2024

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Namratha A Rai

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Electric Vehicles
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Daily News Wrap-Up: Industry Reacts to the New Solar Bidding Guidelines

The Ministry of Power has introduced new guidelines for tariff-based competitive bidding for grid-connected solar projects. These guidelines aim to enhance transparency,...

September 6, 2023

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Mercom Staff

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Daily Wrap-up
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Hero MotoCorp Approves ₹5.5 Billion Investment in Ather Energy

The Board of Directors of Hero MotoCorp approved an investment of up to ₹5.5 billion (~$66.3 million) in the rights issue of Indian electric two-wheeler company Ather...

September 5, 2023

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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Electric Scooter Maker Ather Raises $128 Million from NIIFL and Hero MotoCorp

Indian electric two-wheeler company Ather Energy has raised $128 million from the National Investment and Infrastructure Fund’s (NIIF) Strategic Opportunities Fund (SOF)...

May 12, 2022

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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Hero MotoCorp invests ₹4.2 Billion in Ather Energy as it Prepares for its EV Launch

Hero MotoCorp, a manufacturer of motorcycles and scooters, is investing ₹4.2 billion (~$56.44 million) in Ather Energy, an electric two-wheeler manufacturer. The...

January 21, 2022

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Satish Shetty

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Electric Vehicles

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Grid
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Electric Scooter Maker Ather Energy Raises $35 Million in Series D Funding

Electric scooter manufacturer Ather Energy raised $35 million in its latest Series D funding round, led by Sachin Bansal’s $23 million investment. Hero MotoCorp...

November 9, 2020

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Rahul Nair

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Electric Vehicles

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Grid
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With New Investment of ₹840 Million, Hero’s Share in Ather Energy Rises to 34.58%

Hero MotoCorp, a leading manufacturer of motorcycles and scooters, has announced that it has invested ₹840 million (~$11.25 million) in Ather Energy. According to a BSE...

July 27, 2020

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Rakesh Ranjan

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Electric Vehicles

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Grid
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Electric Scooter Manufacturer Ather Energy Raises $51 Million in Funding

Ather Energy, India’s intelligent electric scooter manufacturer, raised $51 million in its latest round of funding, led by Flipkart’s co-founder Sachin Bansal’s...

May 30, 2019

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Soumik Dutta

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Electric Vehicles

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Market & Policy

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