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Ather Energy raises Rs 50 Cr debt from Innoven Capital
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Ather Energy raises Rs 50 Cr debt from Innoven Capital
18 October 2024
Electric scooter maker Ather Energy has raised Rs 50 crore debt from InnoVen Capital. The development has come after four months of its Series E round. The board at Ather has passed a special resolution to issue 500 Series A non-convertible debentures (NCD) at an issue price of Rs 10,00,000 per debenture to InnoVen Capital for the consideration of Rs 50 crore or $6.12 million, regulatory filings show.
Electric scooter maker Ather Energy has raised Rs 50 crore debt from InnoVen Capital. The development has come after four months of its Series E round. The board at Ather has passed a special resolution to issue 500 Series A non-convertible debentures (NCD) at an issue price of Rs 10,00,000 per debenture to InnoVen Capital for the consideration of Rs 50 crore or $6.12 million, regulatory filings show.
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