Hero MotoCorp to invest up to Rs 525 crore in Euler Motors for 32.5% stake

The investment, to be made in one or more tranches, will give Hero MotoCorp a 32.5% stake in Euler Motors on a fully diluted basis, according to a stock exchange filing on Thursday.

Founded in 2018 by Saurav Kumar, Euler Motors focuses on designing, manufacturing, selling, and servicing electric three-wheelers. The company operates in 30 cities across India and recently launched its first…