23 April 2024
Electric two-wheeler maker Ather Energy is in talks for raising a “significant round of funding” in a mix of primary and secondary share sale, said people with knowledge of the development.
Existing investor, Flipkart cofounder Sachin Bansal, has sold a significant part of his holding in the company to Zerodha cofounder Nikhil Kamath, they said, adding that Kamath may buy out Bansal’s remaining stake in the firm.
Ather Energy is also finalising plans to raise $75-90 million (about Rs 750 crore) in primary funding from existing investors, according to the people. This underscores increasing investor interest in the company and the mobility segment, they said. New investors are also being approached.
Electric two-wheeler maker Ather Energy is in talks for raising a “significant round of funding” in a mix of primary and secondary share sale, said people with knowledge of the development.
Existing investor, Flipkart cofounder Sachin Bansal, has sold a significant part of his holding in the company to Zerodha cofounder Nikhil Kamath, they said, adding that Kamath may buy out Bansal’s remaining stake in the firm.
Ather Energy is also finalising plans to raise $75-90 million (about Rs 750 crore) in primary funding from existing investors, according to the people. This underscores increasing investor interest in the company and the mobility segment, they said. New investors are also being approached.
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