India: Electric scooter startup Ather Energy raises $35m led by Sachin Bansal

India: Electric scooter startup Ather Energy raises $35m led by Sachin Bansal

Visual from Ather Energy website

Electric two-wheeler maker Ather Energy has raised $35 million in a funding round led by Flipkart co-founder Sachin Bansal, who invested $23 million in the round, as per a statement. The Series D round was joined by Hero MotoCorp, which invested $12 million.

Sachin Bansal had first invested $500,000 in the company as an angel investor in 2014 and with this round, has made a total investment of $53 million.

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