{"id":383207,"date":"2020-11-09T11:35:31","date_gmt":"2020-11-09T06:05:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383207"},"modified":"2020-11-09T11:35:31","modified_gmt":"2020-11-09T06:05:31","slug":"sachin-bansal-invests-rs-170-cr-in-ather-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sachin-bansal-invests-rs-170-cr-in-ather-energy\/","title":{"rendered":"Sachin Bansal invests Rs 170 cr in Ather Energy"},"content":{"rendered":"<p>BENGALURU:  Serial entrepreneur and Flipkart co-founder Sachin Bansal has invested Rs 170 crore ($23 million) in Bengaluru-based electric scooter start-up Ather Energy. The Series D funding round also saw participation from Hero MotoCorp, the largest stake holder in Ather Energy. Bansal, who was one of the start-ups early backers, has been gradually acquiring equity in Ather, with total investment in the company currently at `392 crore ($53 million) for a 20 per cent stake.<\/p>\n<p>Bansal is also working on his fintech venture Navi Technologies with a focus on rural market. As for Hero MotoCorp, it has raised its stake in Ather Energy to 34.58 per cent, with the current round seeing an investment of `89 crore. The EV start-up has already introduced a new range of EV bikes recently and plans to utilise the capital from the Series D round for expanding into new markets such as Pune, Ahmedabad, Mumbai, Delhi, Coimbatore, Kochi, Kozhikode, and Kolkata.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: Serial entrepreneur and Flipkart co-founder Sachin Bansal has invested Rs 170 crore ($23 million) in Bengaluru-based electric scooter start-up Ather Energy. The Series D funding round also saw participation from Hero MotoCorp, the largest stake holder in Ather Energy. Bansal, who was one of the start-ups early backers, has been gradually acquiring equity in Ather, with total investment in the company currently at `392 crore ($53 million) for a 20 per cent stake. Bansal is also working on his fintech venture Navi Technologies with a focus on rural market. As for Hero MotoCorp, it has raised its stake in [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,243,143],"tags":[],"class_list":["post-383207","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383207","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=383207"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383207\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}