Ather Energy Series E round of $128mn led by NIIF's Strategic Opportunities Fund

Hello everyone,

We have great news to share with the community today. We’ve raised $128 Mn as our Series E round. This round was led by National Investment Infrastructure Fund’s (NIIF) Strategic Opportunities Fund. This additional round is just in time when we are planning to expand manufacturing facilities. Our existing investor Hero Motocorp also participated in this round. A major chunk will be invested in R&D, Charging Infrastructure, and to strengthen our retail presence across the country.

The continued backing by our long term investors with the addition of new investors reiterates the trust and confidence in Ather Energy. All your support has pushed us to come a long way.

Thanks for making this happen.

Exciting times ahead,

Tarun

25 Likes

What is Series E, Is this the next product named E, I think where this is going, First, it was 450S, next 450X, now 450E as in Extended range, maybe in 2 years Series Y, that will complete the portfolio.

Okay my bad I’m not a CA who understands the auditing terms but hey I gave a good suggestion

2 Likes

It’s the final stage of funding before the startup usually goes public or on their own

2 Likes

Probably after Series 1, another limited edition Ather Series E? :face_with_monocle:

1 Like

Woooooohoooooo!! Congratulations team. :partying_face::zap::100:

3 Likes

Congratulations :clap: :clap: We also want to be the investor of Ather. When you bring your IPO, make reservation for the customer.

2 Likes

Now with the “Apna Sapna money money”, we hope for announcement of free Ather connect pro for another year :joy:

Just kidding, we are even ready for lifetime free subscription :smirk:.

Congratulations guys :smiley::tada:

1 Like