Electric Scooter Startup Ather Energy Raises $51 million funding
Bengaluru based electric scooter startup Ather Energy has raised $51 million funding, led by Flipkart co-founder Sachin Bansal & others.
Sachin Bansal invested $32 million, Hero MotoCorp converted its Convertible Debt of $19 million as a part of this round.
“Electric vehicles are here to stay and Ather is playing a leading role in driving this change. Sachin has been part of our growth journey and this investment is a strong endorsement of the momentum we’ve built over these years. Post the successful launch in Bengaluru, we are eager to reach out to consumers in other cities and to build more products that will excite consumers to switch to electric vehicles. The changing landscape of personal transport has also offered us more opportunities and you will hear about the new bus...