Hero MotoCorp has successfully completed a significant tranche of its planned investment in Euler Motors. The company acquired 2,68,219 Series E Cumulative Compulsorily Convertible Preference Shares for a total consideration of ₹210 crore. This strategic move further solidifies Hero MotoCorp’s partnership with the electric vehicle manufacturer, bringing the company’s total equity holding to 36.67% on a fully diluted basis, supporting its long-term vision for sustainable mobility.
Advancing Electric Mobility Strategy
As part of its ongoing strategy to expand its footprint in the electric vehicle (EV) segment, Hero MotoCorp has moved forward with its commitment to support Euler Motors. Following the initial decision announced on February 5, 2026, to invest a total of ₹275 crore, the company has now finalized the first major phase of this transaction.
Investment Details
The latest acquisition involves the purchase of 2,68,219 Series E Cumulative Compulsorily Convertible Preference Shares. This transaction, valued at ₹210 crore, represents a crucial step in the company’s capital infusion plan. By integrating this additional stake, Hero MotoCorp now maintains a 36.67% ownership share in Euler Motors on a fully diluted basis, underscoring its role as a key investor in the startup’s growth trajectory.
Strengthening Strategic Ties
This investment is designed to provide Euler Motors with the necessary capital to scale its operations and product development. For Hero MotoCorp, the increased stake signifies a deeper integration with the EV ecosystem. The company remains committed to fostering innovation in the mobility sector, leveraging its association with Euler Motors to stay at the forefront of the shift toward electrification in the Indian market.
Source: BSE
