Ather Energy raised $71 million from National Investment and Infrastructure Fund (NIIF), achieving a valuation of $1.3 billion to expand its electric scooter production.
Amount Raised
$71 Million
Round Type
Venture
BengaluruManufacturingAutomotiveElectric VehicleInvestors
Description
Ather Energy has secured $71 million in funding from NIIF, marking its entry into the unicorn club with a post-money valuation of $1.3 billion. This investment comes as the company aims to enhance its market position in the electric scooter industry.
Quick answer
Ather Energy raised $71 Million in a funding round, dated August 13, 2024. Investors: National Investment And Infrastructure Fund (Niif). Ather Energy is based in Bengaluru, Karnataka, India.
- How much did Ather Energy raise?
- Ather Energy raised $71 Million in a funding round on August 13, 2024.
- Who invested in Ather Energy?
- National Investment And Infrastructure Fund (Niif) is named as investors in this round.
- 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.
- Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
- Harbinger raised $82M on September 25, 2024.
- DeepDrive raised $33M (Series B) on September 19, 2024.
- Aptera Motors raised $200K (Seed) on August 23, 2024.
- Powerdot raised $180M (Debt Financing) on August 9, 2024.
- Clean Electric raised $5.8M (Series A) on September 10, 2024.
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
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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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