{"id":276503,"date":"2019-05-29T06:06:08","date_gmt":"2019-05-29T06:06:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276503"},"modified":"2019-05-29T06:15:43","modified_gmt":"2019-05-29T06:15:43","slug":"ather-energy-raises-51-mn-from-hero-motocorp-innoven-capital-and-sachin-bansal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ather-energy-raises-51-mn-from-hero-motocorp-innoven-capital-and-sachin-bansal\/","title":{"rendered":"Ather Energy raises $51 mn from Hero MotoCorp, Innoven Capital and Sachin Bansal"},"content":{"rendered":"<p>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\u2019s largest manufacturer of two-wheelers, has converted its convertible debt of $19 million.<\/p>\n<p>Singapore-based InnoVen Capital \u2013 one of Asia\u2019s largest venture debt provider to startups &#8211; has extended an $8-million venture debt to the scooter manufacturing startup.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s largest manufacturer of two-wheelers, has converted its convertible debt of $19 million. Singapore-based InnoVen Capital \u2013 one of Asia\u2019s largest venture debt provider to startups &#8211; has extended an $8-million venture debt to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-276503","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=276503"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276503\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}