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Ather eyes new round, Nikhil Kamath buys big part of Sachin Bansal’s holding

Economic Times · 1y

Indian electric two-wheeler manufacturer, Ather Energy, is reportedly in talks to raise a significant round of funding from a mix of primary and secondary share sales. Existing investor, Sachin Bansal, has sold a portion of his stake to Nikhil Kamath, with the possibility of Kamath acquiring the rest. Ather Energy is also planning to raise $75-90 million in primary funding from existing investors, potentially valuing the company at $850 million to $1 billion. The funding underscores the growing investor interest in the company and the mobility sector.