Ather Energy, a Bangalore-based electric scooter start-up, has raised a fresh round of investment of Rs 180 crore from Hero MotoCorp. Previously, the firm had received a funding of Rs 75.33 crore from Tiger Global. The fund was used for the development, testing, production and launch of the brand’s first electric scooter, the S340. In this third round of investment, Hero MotoCorp has bought 26-30 per cent stake in the start-up.
Published Date: Oct 27, 2016 05:08 pm | Updated Date: Oct 27, 2016 05:08 pm