Ather Energy raises $51 mn from Hero MotoCorp, Innoven Capital and Sachin Bansal1 min read 28 May 2019, 08:09 PM IST
According to Sachin Bansal, the traditional auto industry is up for a redefinition and the ecosystem that Ather is building with their products is the future of urban mobility
Bansal invested $32 million in the current round of fundraising
New Delhi: Ather Energy, an electric scooter manufacturing startup, on Monday raised funds to the tune of $51 million, which would be used for setting up a new manufacturing capacity, research and development for a range of upcoming products and setting up of charging stations. Former Flipkart founder Sachin Bansal made an investment of $32 million in the current round of fundraising while Hero MotoCorp Ltd, country’s largest manufacturer of two-wheelers, has converted its convertible debt of $19 million.
Select your Category