Hero MotoCorp Acquires 2.2% Stake in Ather Energy.
Hero MotoCorp will purchase the additional shareholding from an undisclosed existing investor.
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Mahendra Lochhab
Content creatorย โขย 1m
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.
Let's Decode Ather Energy ๐คฏ๐๐ฒ
Today I saw various Ather Energy Scooters like 450 Plus and 450X and decided to make on Ather Energy ๐๐คฏ๐.
Introduction:
โข Ather Energy, established in 2013 in Bangalore, India, specializes in electric scooters.
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41 replies21 likes
Jayant Mundhra
ย โขย
Dexter Capital Advisorsย โขย 8m
What next for Ather? A Hero subsidiary status? ๐ ๐
With the latest development, that has never been more likely.
Let's dive in!
..
Whenever Ather Energyโs in need of more money, Hero pounces in.
-> This was evident in the Sep rights issue where
Chinaโs BYD Energy Storage has signed a deal with Saudi Electricity Company (SEC) for the worldโs largest grid-scale energy storage project.
The 12.5 GWh project, combined with a previously delivered 2.6 GWh system, brings the total capacity to 15.1
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1 replies7 likes
Inactive
AprameyaAIย โขย 6m
Funding Winter ?
Indian startups raised a total of $395.63 million across 20 deals from August 12 to 17, marking a 250% increase from the previous week.
Key highlights include:
OYO secured $175 million in a down round, reducing its valuation to
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Vishu Bheda
ย โขย
Medialย โขย 3m
After losing his $180 Million PayPal fortune...
Elon was 3 weeks from bankruptcy.
Then, he bet his last $6 Million on his cousin's dying startup.
Here's how a family meeting saved him:
In 2008, everything seemed lost for Elon Musk.
SpaceX had
Startup's funding and aquisition news:
โข Everstone Capital: Acquired a majority stake in Wingify, a SaaS firm, for $200 million
โข Ather Energy: Introduced a multi-language dashboard
โข DPIIT: Signed a pact with Apna to boost startup talent
โข W
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5 replies10 likes
Mohd Rihan
Studentย โขย 17d
Sam Altman started coding at the age of 8.
Born in 1985, Chicago, attended John Burroughs School and later to Stanford Univ, dropped out in 2005. Continued to pursue his passion for tech and entrepreneurship, founded Loopt (location based social netw
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