Ather Energy Limited has secured another investment commitment from Hero MotoCorp Limited, with Hero MotoCorp's Committee of Directors approving an investment of up to ₹1,000 crore in the electric two-wheeler manufacturer, as per the exchange filings.
Hero MotoCorp said the investment will be made through a preferential allotment of equity shares or other eligible securities representing equity shares or convertible into or exchangeable equity shares.
The proposed investment will be made entirely in cash and may include compulsorily convertible preference shares (CCPS), warrants, and other eligible convertible securities.
Hero MotoCorp also approved the execution of documents required for the transaction, including a binding expression of interest, in connection with the proposed investment.
Hero MotoCorp said the subscription remains subject to approvals from Ather Energy's Board of Directors and shareholders.
The company added that the investment is proposed to be completed within 15 days from the receipt of the last required approval.
Hero MotoCorp is an existing shareholder in Ather Energy and held 29.48% of the company's paid-up share capital on a fully diluted basis as of 30 June 2026.
The company said the transaction is proposed to be undertaken on an arm's length basis. It also noted that its shareholding after the investment will depend on the pricing of the preferential issue and any further issuance of securities approved by Ather's Board.
Ather Energy designs, manufactures, sells and services electric two-wheelers. It also develops and operates its own charging infrastructure and is engaged in the storage, distribution and management of electric power, including battery energy and related ancillary services.
The company was incorporated on 21 October 2013 and has reported a turnover of ₹3,671.76 crore in FY26, while maintaining a presence across India.
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As of 15 July 2026, at 12:00 PM, Ather Energy share price was trading at ₹1,301.60 per share, reflecting a surge of 8.30% from the previous trading session.
As of 15 July 2026, at 12:00 PM, Hero MotoCorp share price was trading at ₹4,945.10 per share, reflecting a surge of 1.37% from the previous trading session.
The announcement outlines Hero MotoCorp's proposal to subscribe to additional securities of Ather Energy through a preferential issue of up to ₹1,000 crore, with the final shareholding to be determined based on the terms of the issue.
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Published on: Jul 15, 2026, 1:54 PM IST
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