Hero MotoCorp's early ₹205cr Ather Energy investment now worth ₹14,000cr
Business
Hero MotoCorp's early ₹205 crore investment in Ather Energy has turned into a jackpot.
After Ather went public, its stock shot up nearly 300%, making Hero's 30% stake worth about ₹14,000 crore, an unrealized gain of over ₹11,000 crore as Ather's market value nears ₹50,000 crore.
Ather partnership shapes Hero VIDA scooters
Hero hasn't just made money: they've invested over ₹2,400 crore in total and recently put in another ₹1,000 crore.
This partnership gave Hero access to Ather's battery tech and charging network, which helped shape their own VIDA electric scooters.
With shares up 74% this year and trading at ₹1,278.7 on Wednesday, Ather is now a major name in India's EV scene.