<p>two-wheeler vehicle maker Hero Motocorp Ltd said on Friday it would invest up to Rs 4200 crore ($56.66 million) in electric vehicle (EV) start-up Ather Energy as it looks to expand its presence in the green mobility space.</p>.<p>The company, which held 34.8 per cent in Ather Energy prior to the investment, said its new stake in the startup would be determined after Ather's funding round completes.</p>.<p>Hero, which is set to unveil its first EV in March, said in a regulatory filing it was also exploring collaboration with Ather Energy on electric-charging infrastructure and technology.</p>.<p>Currently, EVs account for a fraction of the total two-wheeler sales in the country, mainly due to high battery costs and lack of charging infrastructure. </p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>two-wheeler vehicle maker Hero Motocorp Ltd said on Friday it would invest up to Rs 4200 crore ($56.66 million) in electric vehicle (EV) start-up Ather Energy as it looks to expand its presence in the green mobility space.</p>.<p>The company, which held 34.8 per cent in Ather Energy prior to the investment, said its new stake in the startup would be determined after Ather's funding round completes.</p>.<p>Hero, which is set to unveil its first EV in March, said in a regulatory filing it was also exploring collaboration with Ather Energy on electric-charging infrastructure and technology.</p>.<p>Currently, EVs account for a fraction of the total two-wheeler sales in the country, mainly due to high battery costs and lack of charging infrastructure. </p>.<p><strong>Check out DH's latest videos:</strong></p>