Electric Scooter Startup Ather Secures Rs 550 Crore In Funding From Hero Motocorp
Amount Raised
₹5.5 Billion
Round Type
Funding Round
BengaluruManufacturingAutomotiveElectric VehicleDescription
Electric scooter maker Ather Energy is set to raise Rs 550 crore from Hero MotoCorp, the motorcycle manufacturer said in a disclosure to the National Stock Exchange on Monday.The board of Hero MotoCorp passed a resolution to invest Rs 550 crore via Series E2 compulsory convertible preference shares. Elevate Your Tech Process with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Digital MarketingVisitThe automobile company already owns a 34.2% stake in Ather and is its largest shareholder, according to data from Tracxn. In January last year, Hero partially led a $128 million fundraise into Ather. The Bengaluru-based firm was last valued at $739 million during a $50 million fundraise in October last year, per Tracxn
Quick answer
Ather Energy raised ₹5.5 Billion in a Funding Round round, dated September 4, 2023. Ather Energy is based in Bengaluru, Karnataka, India.
- How much did Ather Energy raise?
- Ather Energy raised ₹5.5 Billion in a Funding Round round on September 4, 2023.
- What does Ather Energy do?
- Meet the Ather electric scooters with best-in-class acceleration and battery.
- Where is Ather Energy based and how big is it?
- Ather Energy is based in Bengaluru, Karnataka, India. Fundz records about 1,700 employees.
- Who are the decision-makers at Ather Energy?
- Fundz holds 5 contacts at Ather Energy, including the Chief Business Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Electric Vehicle around the same time
Companies in the same sectors as Ather Energy that raised within 45 days of this round, from Fundz verified event records.
- Harbinger raised $73M on August 1, 2023.
- Kinetic Automation raised $10M (Series A) on October 5, 2023.
- Jetson raised $15M (Funding Round) on October 3, 2023.
- Fisker raised $150M (Funding Round) on September 29, 2023.
- Fisker raised an undisclosed amount (Funding Round) on September 29, 2023.
- Raptee raised $3M (Seed) on September 27, 2023.
Who to call at Ather Energy, and when
A new round usually means Ather Energy is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ather Energy raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ather Energy, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Ather Energy. With Fundz connected, it knows.
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Fundz sees it the moment Ather Energy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Ather Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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