ATHERENERG · NSE
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Hero MotoCorp committed an investment of ₹959.99 crore to Ather Energy via 76.19 lakh convertible warrants priced at ₹1,260 each, with 25 percent paid upfront and 75 percent deferred until conversion.
Ather Energy allotted 16.3 lakh equity shares and 79.4 lakh convertible warrants in a ₹1,200 crore preferential fundraise, with Hero MotoCorp investing nearly ₹1,000 crore through convertible warrants and the India-Japan Fund subscribing to shares worth about ₹200 crore.
Ather Energy doubled non-vehicle revenue through technology packs in the June quarter, with revenue from non-vehicle sources accounting for 14% of total revenue.
Ather Energy's non-vehicle revenue, driven by sales of its tech pack, accounted for 14% of total revenue in the June quarter.
Bengaluru-based Ather’s early bet on monetizing software features paid off in the June quarter. ... Electric two-wheeler makers are turning to digital features for new revenue, with Ather Energy Ltd doubling non-vehicle revenue through technology packs that offer advanced navigation, intelligence,…
Indian automakers represented by SIAM, including Hero MotoCorp, Bajaj Auto, Ather Energy, and TVS Motor, are lobbying against the Centre's plan to introduce standardized energy-efficiency star-based ratings for electric two-wheelers.
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