TECH NEWS

Ather Raises ₹1,200 Crore; Hero Commits ₹960 Crore, Govt-Backed Fund ₹200 Crore

Electric two-wheeler maker Ather Energy has approved the first tranche of its ₹2,500 crore capital-raising plan, with its board clearing a ₹1,200 crore preferential issue backed by Hero MotoCorp, the government-backed India-Japan Fund (IJF), and the company's founders.

According to the company's regulatory filing with the stock exchanges, the preferential issue is subject to shareholder approval through an Extraordinary General Meeting (EGM). The fresh capital will be used to strengthen Ather's balance sheet while supporting investments in manufacturing, research and development, product innovation, and business expansion.

The fundraising comes as India's electric two-wheeler market enters a new phase of competition, with manufacturers investing aggressively in production capacity, battery technology, software, charging infrastructure, and new vehicle platforms.

Hero MotoCorp Commits ₹960 Crore

Under the board-approved proposal, Hero MotoCorp will invest ₹960 crore through the subscription of 7.62 crore convertible warrants, reinforcing its position as Ather Energy's largest shareholder.

The India-Japan Fund...

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Two years after launch, Walmart’s Flipkart is closing in on India’s quick-commerce leaders

Indian startups spent years getting consumers accustomed to having groceries and everyday goods delivered within minutes. Now Walmart-owned Flipkart is rapidly closing the gap with those quick-commerce pioneers, as global rival Amazon mounts its own push into instant delivery. Flipkart Minutes, which debuted in August 2024 as the e-commerce giant’

Hero MotoCorp Commits ₹960 Crore

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Two years after launch, Walmart’s Flipkart is closing in on India’s quick-commerce leaders