Flipkart founders Sachin Bansal and Binny Bansal have invested in Ather, an electric vehicle startup focused on designing high-speed electric two-wheelers for the Indian market. This funding round also includes investment from Raju Venkatraman, serial entrepreneur and CEO of MEDALL.
Ather’s focus area is to develop technology to manufacture electric vehicles for India. This round of funding will be primarily used for product development. Prior to this, Ather raised their first round of capital in February this year from Dr. V Srinivas (Founder, Aerospike) and the Technology Development Board, Government of India.
Ather was incubated in the incubation cell at IIT Madras and was started by Tarun Mehta and Swapnil Jain in 2013.
