Hero MotoCorp in advanced talks to invest up to ₹900 crore in Altigreen Propulsion Labs, E3W startup.

Hero MotoCorp, India's leading two-wheeler manufacturer, is in advanced discussions to invest up to ₹900 crore in Bengaluru's Altigreen Propulsion Labs, a startup focused on electric three-wheelers (E3Ws). This investment aims to help Hero MotoCorp enter the growing E3W market, competing with Mahindra & Mahindra and Bajaj Auto. Currently, Altigreen has raised $56 million and plans to expand its dealer network and product offerings.

September 03, 2024
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