Ather Energy Hits 52-Week High After Hero MotoCorp Announces ₹1,000 Cr Investment

Shares of Ather Energy jumped more than 9% to touch an all-time high at ₹1,313.65 on the BSE during the intraday trading today after Hero MotoCorp approved an additional investment of up to ₹1,000 Cr (about $103 Mn) in the electric two-wheeler maker.

The stock later pared some of its gains amid profit booking and was trading 7.2% higher at ₹1,290.50 at 10:41 IST. At the time, Ather’s market capitalisation stood at ₹49,602.2 Cr (about $5.1 Bn).

Yesterday, Hero MotoCorp said its committee of directors approved the fresh investment in its associate company through a preferential allotment of equity shares or other equity-linked securities.

“The COD has approved the subscription of equity shares or other eligible securities representing equity shares or convertible into or exchangeable for equity shares (including compulsorily convertible preference shares, warrants etc.) of Ather Energy proposed to be issued by it on a preferential allotment basis,” Hero MotoCorp said in an exchange filing.

Hero MotoCorp owned a 29.48% stake in Ather as of June 30, 2026. Its shareholding after the proposed investment will depend on the pricing of the preferential issue and any further issuance of securities by Ather.

The fresh capital commitment comes as Ather looks to shore up its war chest amid intensifying competition in India’s electric two-wheeler market. Ather’s board is set to meet today to consider raising funds through equity shares, foreign currency convertible bonds (FCCBs) and other equity-linked securities.

Last month, the EV maker announced plans to raise up to ₹2,500 Cr for expansion, research and development, new products and manufacturing capacity.

The fundraising push comes close on the heels of rival Ola Electric raising ₹780.24 Cr through a qualified institutional placement (QIP) in June. The Bhavish Aggarwal-led company issued 21.75 Cr equity shares at ₹35.86 apiece, with the issue receiving 56% oversubscription.

On the financial front, Ather has been narrowing its losses while posting strong revenue growth. Its net loss fell 57.2% to ₹100.2 Cr in the fourth quarter of FY26 from ₹234.4 Cr a year ago, although it widened 18.4% sequentially. Operating revenue surged 73.7% YoY and 23.2% QoQ to ₹1,174.7 Cr during the quarter.

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