Ather Energy Becomes a Unicorn After Securing $71 Million in Funding from NIIF.

Economy Business

Ather Energy, an electric vehicle manufacturer, has achieved unicorn status following a significant funding round. The company secured $71 million from the National Investment and Infrastructure Fund (NIIF), elevating its valuation to over $1 billion. This milestone marks a major achievement for Ather Energy, which has been expanding its presence in the electric scooter market. The investment from NIIF will support the company's growth plans, including scaling up production and enhancing its technology. This funding round underscores the growing investor confidence in the electric mobility sector.


      Ather Energy plans to use the funds to expand its charging infrastructure across major cities in India.

      The new valuation places Ather Energy among India's most valuable startups in the electric vehicle sector.

     

 

     


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