Sachin Bansal invests $32 mn in Ather Energy; firm plans 1 million unit factory

Mumbai: Sachin Bansal, co-founder of e-commerce platform Flipkart, Tuesday announced investment of $32 million in electric vehicle manufacturer Ather Energy, which has raised $51 million in its latest round of funding.

Ather Energy was one of the earliest startup investments of Bansal, when he invested $0.5 million in the firm as an angel investor in 2014.

Since 2014, Bansal has made 18 investments in local, early-stage startups where the deal size was $1-2 million. In 2019, Bansal invested $100 million in Ola Cabs.

Bansal also had investments in Grey Orange, SigTuple, Inshorts, Unacademy and TeamIndus.