Ather Energy raises Rs 84 cr from Hero MotoCorp


Electric vehicle startup Ather Energy raised Rs 84 cr from Hero MotoCorp.Ather Energy said that to meet the projected demand in the coming years, it is opening a new manufacturing facility in Hosur, which is designed to produce 1 lakh units annually, and is scalable 5 lakh units.


"We are in a high growth phase of our journey, and while the last few months have been challenging, we have not altered our expansion plans. "Our geographic expansion and the roll-out schedule for the Ather 450X are on track, and we will be using these funds to invest in our facilities to meet the demand we have seen for the Ather 450X across the country," Ather Energy Co-founder & CEO Tarun Mehta said.

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