Ather Energy- Raised $128 Million
Electric two-wheeler maker Ather Energy on May 12 announced that it has raised $128 million funding.
National Investment and Infrastructure Fund Limited's (NIIFL) Strategic Opportunities Fund (SOF) & Hero MotoCorp are key Investors.
Aher Energy- Key Investors
Ather Energy- NIIFL first Investment
This will be NIIFL's first direct investment in the manufacturing sector and in electric mobility.
The investment will enable NIIFL to play a role in mainstreaming the electric two-wheeler sector in India.
Aher Energy- How Will it Help NIIFL
Ather Energy- Two Wheeler EVs Growth
Aligned to India's green transition mission, the electric two-wheeler industry is expected to grow significantly in the coming years.
Ather Energy has indigenously designed and developed products with a high degree of domestic sourcing of components of India.
Aher Energy- Indigenously Designed
Ather Energy- Total Financial Aid
With this investment, the Bengaluru-based company has raised over $230 million financing to date.
The company plans to use the funds raised to expand its manufacturing facilities, invest in research and developmen
Aher Energy- How will the Investments be Used
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