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Ather raises Rs 260 Cr from Sachin Bansal and Hero MotCorp

Shortpedia

Content Team
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Electric scooter manufacturer Ather Energy has raised Rs 260 crore in its Series D round led by Sachin Bansal. Existing investor, Hero MotoCorp has picked up preference shares worth Rs 90 crore in the EV maker. Bansal, who has been backing the Bengaluru-based venture since 2014, is leading the Series D round with Rs 170 crore infusion. Importantly, this would be a down round for Ather with over 10% haircut in valuation.