Ather Energy Is Now a Unicorn 🦄
Tarun Mehta's and Swapnil Jain's Ather Energy is now India’s fourth unicorn of 2024. Ather Energy hits a $1.3 billion valuation after raising $71 million in their latest funding round, led by the National Investment and Infrastructure Fund (NIIF). Ather Energy was founded by IIT Madras alumni Tarun Mehta and Swapnil Jain and Ather has emerged as a leader in the electric scooter market, with over 1.73 lakh Ather's Electric scooters sold including 450x and Ritza! Rumors says that Ather could go public in 2024, following Ola Electric’s IPO success. With Ather Energy's recent shift to a public limited company, an IPO might be just around the corner. Stay tuned for updates on Ather Energy's journey!
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