E-scooter maker Ather Energy rides into unicorn club ahead of IPO

E-scooter maker Ather Energy rides into unicorn club ahead of IPO

FILE PHOTO: Ather electric scooters are seen outside the showroom in Mumbai, India, January 28, 2022. REUTERS/Francis Mascarenhas/File Photo

Indian electric two-wheeler manufacturer Ather Energy has raised $71 million from government-backed National Investment and Infrastructure Fund Limited (NIIF), at a valuation of $1.3 billion, a source familiar with the matter told DealStreetAsia.

Edited by: Pramod Mathew