Hero MotoCorp Invests Rs 1,000 Crore More in Ather Energy

Hero MotoCorp, India's largest two-wheeler manufacturer, has announced an additional investment of Rs 1,000 crore in Bengaluru-based electric vehicle start-up Ather Energy. The investment will be made entirely in cash by subscribing to equity shares or other eligible securities. As of June 30, 2026, Hero MotoCorp is already the largest shareholder in Ather Energy, holding a 29.48% stake. This latest transaction remains subject to standard regulatory approvals from Ather's board and shareholders, with completion expected within 15 days of receiving the final clearances.

The relationship between the two companies dates back to 2016, well before Ather launched its first commercial products in the 450 series. Hero MotoCorp initially invested Rs 205 crore and has since participated in almost every major funding round for the EV manufacturer. This fresh injection of Rs 1,000 crore pushes Hero's cumulative investment in Ather Energy past the Rs 2,400 crore milestone. Hero continues to aggressively support Ather despite operating its own competitive electric two-wheeler vertical under the Vida brand name.

The capital infusion comes at a crucial operational juncture as Ather Energy prepares for its annual community day on August 29, 2026. The company plans to launch its new electric scooter based on the all-new steel unibody EL platform. The upcoming production model is expected to be closely modeled after the EL01 concept showcased in 2025. This launch is highly significant for India's domestic electric vehicle market, as it marks Ather's transition to a new architecture aimed at scaling up production beyond its previous five-lakh milestone.