Ather Energy Series E round of 8mn led by National Investment and Infrastructure Fund Limited’s Strategic Opportunities
Ather Energy Series E round of 8mn led by National Investment and Infrastructure Fund Limited’s Strategic Opportunities Fund and Hero MotoCorp National, 12th May, 2022: Ather Energy, one of India’s leading electric two-wheeler company, today announced completion of its Series E round of funding with signing of investment agreements amounting to 8 million with National Investment and Infrastructure Fund Limited’s (NIIFL) Strategic Opportunities Fund (SOF), and Hero MotoCorp, a significant shareholder of Ather, and additional investors. Ather Energy plans to use the funding to expand manufacturing facilities, invest in Research and Development, charging infrastructure and to grow its retail network. After a strong start to the year, the company registered the highest ever monthly sales in April 2022 delivering 3,779 units to customers. Booking orders for Ather Energy’s flagship product, the Ather 450X is growing at 25% quarter-on-quarter. Ather Energy alrea...