Ather Energy Raises ₹60 Crore through Series D1 Debentures
Monday, 29 July 2024, 07:59
Ather Energy's Latest Funding Round
Ather Energy, a leading company in the electric vehicle sector, has raised ₹60 crore in debt from InnoVen Capital.
Details of the Funding
- The company will issue 6,000 Series D1 debentures.
- Each debenture has a face value of ₹1 lakh.
Impact of the Funding
This new capital will support Ather Energy's growth and expansion plans in the electric scooter market.
In conclusion, Ather Energy's successful fundraising is a positive indication of investor confidence in the booming EV market.
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