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Ather Energy joins unicorn club with $71 mn funding round
The New Indian Express
|August 14, 2024
ELECTRIC two-wheeler manufacturer Ather Energy has entered the unicorn club after securing $71.5 million in Series E round from existing investor National Investment and Infrastructure Fund (NIIF).
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It is now valued at about $1.3 billion. However, Ather Energy declined to comment on the fundraising. This fundraising comes at a time when its rival Ola Electric made a debut on stock exchanges. Also, at a time when it is eyeing a listing this year.
This story is from the August 14, 2024 edition of The New Indian Express.
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