Hero MotoCorp Invests ₹1,758 Cr in Ather Energy, Boosts Stake
By ThePip Desk
Hero MotoCorp increases its Ather Energy stake to 32.8% with a ₹1,758 crore investment, becoming the largest shareholder and deepening its EV commitment.
Hero MotoCorp is dropping ₹1,758 crore to boost its stake in electric two-wheeler maker Ather Energy. This move will see its ownership climb to approximately 32.8% on a fully diluted basis, solidifying Hero’s position as Ather’s largest shareholder.
Key Figures
- Investment Amount: ₹1,758 crore
- Target Stake in Ather: approximately 32.8%
- Hero’s Current Stake: 29.88%
- Ather FY26 Turnover: ₹3,671.76 crore (up nearly 63%)
- Ather Preferential Fundraise: ₹1,200 crore
- Hero’s Warrants in Fundraise: nearly ₹1,000 crore
Hero Deepens EV Bet
This acquisition, approved by Hero MotoCorp’s Committee of Directors on August 27, involves buying shares for cash from an existing Ather shareholder. The transaction is not a related-party deal and requires no external approvals, set to close by September 3.
Ather’s Growth Trajectory
Ather Energy designs and sells electric two-wheelers, also managing an EV charging network. The company reported a turnover of ₹3,671.76 crore for the fiscal year ending March 2026, marking a nearly 63% increase from the prior year.
This investment aligns with Ather’s ongoing preferential fundraise of ₹1,200 crore. Hero MotoCorp was already allotted convertible warrants representing an investment of nearly ₹1,000 crore upon full conversion within this larger fundraise.
Hero MotoCorp solidifies its position as Ather’s largest shareholder with this latest capital injection, signaling a strong commitment to the electric mobility sector.