Sachin Bansal leads $51-million funding in e-scooter maker Ather Energy
Mumbai: Electric scooter maker Ather Energy Pvt. Ltd said on Tuesday that it has raised $51 million in its latest investment round, led by existing investor Sachin Bansal who chipped in with $32 million ( ₹220 crore).
The Flipkart co-founder has been on Ather Energy’s board since 2014 when he made an angel investment of $500,000 in the company, which was then an IIT Madras-incubated startup.
In addition to the equity round, Ather Energy said it has also raised $8 million in debt from venture debt firm Innoven Capital.
