Tuesday , July 27 2021

Hero MotoCorp’s Ather Energy preparing to raise funds: Report

Hero MotoCorp owned electric scooter startup Ather Energy, is reportedly preparing to raise between Rs 200 – 300 crore in coming 10 months to expand into fresher markets such as Chennai and Pune.

This investment will support Ather’s needs for a year, and company would raise more funds in the next coming years for its future expansion and product development plans including entering into Delhi.

Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.

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