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Ather Energy raises $50 mn led by Caladium Investments | Mint
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Ather Energy raises $50 mn led by Caladium Investments | Mint
18 October 2024
Bengaluru-based electric two-wheeler manufacturer Ather Energy has raised ₹400.6 (around $ 50 million) in a fresh funding round led by existing investor Caladium Investment and participation from Herald Square Ventures. Caladium Investment has invested ₹400 crore in the Ather Energy and will get 51,276 compulsorily convertible preference shares (CCPS) with a face value of ₹10 and a premium of ₹77,998, reported VC Circle.
Bengaluru-based electric two-wheeler manufacturer Ather Energy has raised ₹400.6 (around $ 50 million) in a fresh funding round led by existing investor Caladium Investment and participation from Herald Square Ventures. Caladium Investment has invested ₹400 crore in the Ather Energy and will get 51,276 compulsorily convertible preference shares (CCPS) with a face value of ₹10 and a premium of ₹77,998, reported VC Circle.
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