CURRENT AFFAIRS

Detailed explanation-1: -The country’s largest two-wheelers manufacturer, Hero MotoCorp on Friday has announced a new investment of up to ₹420 crore in Bengaluru-based Ather Energy.

Detailed explanation-2: -Hero MotoCorp is set to launch its first-ever electric scooter under its new EV brand Vida today, i.e.7th October 2022. Vida is a new all-electric brand with a new logo and identity under Hero MotoCorp.

Detailed explanation-3: -Hero Electric Vehicles Private Limited is part of the Hero EcoTech group headed by Vijay Munjal and his son Naveen Munjal. The company is a pioneer in the electric two-wheeler business in India. Its products cater to customers looking for a utilitarian EV at an affordable price.

Detailed explanation-4: -Bengaluru: Electric scooter maker Ather Energy said it has raised $128 million led by National Investment and Infrastructure Fund (NIIF), the Indian government’s sovereign wealth fund, and existing investor Hero MotoCorp.

Detailed explanation-5: -Hero commences deliveries of its Vida V1 electric scooter. Head here for all the details. Hero launched the much-awaited Vida V1 Pro and V1 Plus e-scooters at Rs 1, 45, 000 and Rs 1, 59, 000 (ex-showroom) respectively.