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Hero MotoCorp Acquires 2.2% Stake in Ather Energy. Hero MotoCorp will purchase the additional shareholding from an undisclosed existing investor.

Electric vehicle maker Ather Energy is targeting a valuation of $2.4 billion for its IPO. This valuation will be up more than 80% from its last funding round in August. Hero motocorp is the biggest investor in Ather.

Ather Energy set a record in October by dispatching 20,000 scooters Driven by strong demand for its new Rizta model This boosted Ather's market share to 14.3%, with sales up 141.8% year-over-year as India’s EV market grew 70%

"Ather energy is losing it's energy" Hero moto corp acquired another 2% in AE now total combined 42% stack on AE.

Hero MotoCorp consistently holds the largest market share in the Indian two-wheeler industry.

What next for Ather? A Hero subsidiary status? 😅😅 With the latest development, that has never been more likely. Let's dive in! .. Whenever Ather Energy’s in need of more money, Hero pounces in. -> This was evident in the Sep rights issue where

𝗛𝗼𝘄 𝘁𝗵𝗲 𝗳𝗼𝘂𝗻𝗱𝗲𝗿𝘀 𝗳𝗿𝗼𝗺 𝗜𝗜𝗧 𝘁𝗼𝗼𝗸 𝗼𝗻 𝘁𝗵𝗲 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 𝗼𝗳 𝗯𝗿𝗶𝗻𝗴𝗶𝗻𝗴 𝘀𝗺𝗮𝗿𝘁 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝘀𝗰𝗼𝗼𝘁𝗲𝗿𝘀 𝘁𝗼 𝗿𝗲𝗽𝗹𝗮𝗰𝗲 𝗰𝗼𝗻𝘃𝗲𝗻𝘁𝗶𝗼𝗻𝗮𝗹 𝗜𝗖 𝗲𝗻𝗴𝗶𝗻𝗲 𝘃𝗲𝗵𝗶𝗰𝗹𝗲𝘀 ? Ather Energy

🚨 Ather IPO Alert 🛵 ➡️Raised ₹1,340 Cr from anchor investors (SBI, ADIA, Franklin, Morgan Stanley) ➡️Hero MotoCorp is the biggest shareholder (~38%) ➡️FY24: ₹1,753 Cr revenue, ₹1,062 Cr loss ➡️Valued at ~$1.44B EV wave is going public — are you w

Why India's OG Electric Scooter Company is Failing? Founded in 2013 by Tarun and Swapnil, Ather initially aimed to build a battery company. However, they shifted their focus to creating electric vehicles due to existing EVs’ poor performance and de

🚀 Business Idea : Electric scooters just got even more evolutionary! 🇨🇳 The Chinese have, as always, come up with a way to conquer slush and snow on their scooters. ❄️🌨️ 🤯 Now, riders can simply swap out boring wheels for stylish tracks and s