Tech Company Financing Transactions
Ather Energy Funding Round
On 9/4/2023, Ather Energy raised $108 million in funding from GIC and Hero MotoCorp.
Transaction Overview
Company Name
Announced On
9/4/2023
Transaction Type
Venture Equity
Amount
$108,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Ather Energy will be valued in the rights issue hasn't been determined yet, Hero MotoCorp suggested, but added that its stake will increase in the startup.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
3rd Floor, Block D, IBC Knowledge Park, Bannerghata Main Roa
Bangalore, Karnataka, 560029
IN
Bangalore, Karnataka, 560029
IN
Phone
Website
Email Address
Overview
Ather Energy was started in 2013 by Tarun Mehta and Swapnil Jain, two engineering graduates straight out of college with the audacity to dream and challenge the well-established Internal Combustion Engine (ICE) and replacing it with an electric drive. We built India's first smart and connected electric scooters, the Ather 450 product line because we believe that's where the future of personal mobility is headed.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tarun Mehta
Chief Financial Officer
Deepak Jain
Chief Technical Officer
Swapnil Jain
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