Hero MotoCorp to invest ₹205 cr in electric vehicle startup
Indian motorcycle manufacturer Hero MotoCorp has announced to invest ₹205 crore in Bengaluru-based electric vehicle startup Ather Energy. The company will pick up a 26-30% stake in the startup which claims to make India's first smart electric scooter, S340. Founded in 2013, Ather Energy has previously raised funding from Tiger Global Management, and Flipkart Co-founder Sachin and Binny Bansal.