Ather Energy’s $51 Million Round Funding


Khaitan & Co advised Ather Energy Private Limited on the deal

Ather Energy Pvt. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal.

In addition to the equity round, Ather Energy said it has also raised $8 million in debt from venture debt firm Innoven Capital.

Ather Energy Pvt. Ltd. designs, manufactures, and markets electric scooters. The company sells its products on pre-order basis in Bengaluru, Chennai, and Pune, India.

Khaitan & Co advised Ather Energy Private Limited on the deal with a team including Rajiv Khaitan (Picture), Sharad Moudgal, Sanjay Khan Nagra, B N Vivek and Sanjay Krishna.

Involved fees earner: Rajiv Khaitan – Khaitan & Co.; Sanjay Khan Nagra – Khaitan & Co.; Sharad Moudgal – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Ather Energy Pvt. Ltd.;