Ather Energy, an electric scooter maker, has raised $35 million in a Series D round of funding led by Flipkart’s co-founder Sachin Bansal.
Founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain, Ather Energy was one of the earliest start-up investments of Mr. Bansal who contributed $23 million in the latest round. He had invested $0.5 million as an Angel investor in 2014. Hero MotoCorp has invested $12 million in the Series D round, Ather said in a statement.
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