Hero MotoCorp raises 2.2% stake in Ather Energy for about Rs 124 cr

Last year too, Hero had hiked about 3% stake in Ather Energy for about Rs 340 crore. The latter has raised Rs 286 crore from its founders and Stride Ventures in a mix of debt and equity funding. Ather Energy counts the likes of Tiger Global and Singaporean Sovereign Wealth Fund GIC among its investors