Bengaluru: Electric vehicle maker Ather Energy has raised Rs 260 crore in its latest round of funding led by ex-Flipkart CEO Sachin Bansal. Rs 89 crore from Hero MotoCorp has also been raised.
The premium e-scooter will soon be sold in Pune, Ahmedabad, Mumbai, Delhi, Coimbatore, Kochi, Kozhikode and Kolkata, apart from the existing Bengaluru and Chennai.
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It is also expanding the Ather Grid charging network.
Ather is starting a new production facility in Hosur near Bengaluru, which will have an annual production capacity of 10 lakh units.
