Hiro Motokorp invests $184M in Ather Energy

Hiro Motocorp, an Indian company, announced that it will invest an additional $184 million in Athar Energy, increasing its stake to 32.8% from approximately 29.88%. The move aims to strengthen its presence in India's growing electric bicycle market. This follows a prior investment in July valued at $104 million, at which time its stake was 29.48%. Hiro seeks to bolster its competitiveness in the electric vehicle sector, which has experienced rapid growth, with electric bicycle sales surpassing one million units in the first half of 2026. During that period, Athar ranked third with a market share of 14.9%. These investments underscore the company's interest in expanding within the electric bicycle segment amid intense competition from firms like TVS Motor, Bajaj Auto, and Ultra Electric.

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