Hero MotoCorp’s Investment in Ather Energy

Khaitan & Co advised Ather Energy Private Limited on the deal.

Ather Energy, the Electric scooter manufacturer, raised a fresh investment of INR 84 crore from existing investor Hero MotoCorp Ltd, as an extension of its Series C round that was led by Sachin Bansal last year.

Hero MotoCorp Ltd. designs, manufactures and distributes motorcycles, and also motorcycle parts and accessories.

The Khaitan & Co team consisted of Partner Rajiv Khaitan (Picture), Sanjay Khan Nagra (Partner), B N Vivek (Senior Associate), Ishita Agarwal (Senior Associate) and Sanjay Krishna (Associate).

Involved fees earner: Ishita Agarwal – Khaitan & Co.; Rajiv Khaitan – Khaitan & Co.; Sanjay Khan Nagra – Khaitan & Co.; Sanjay Krishna – Khaitan & Co.; B N Vivek – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Hero MotoCorp ;

Author: Michael Patrini