Bangalore based electric scooter manufacturer Ather Energy Pvt Ltd announced that it has raised $35 million in a Series D funding round which was led by the company’s existing investor, Flipkart co-founder Sachin Bansal. While Sachin invested $23 million, the other $12 million was infused by other investors including Hero MotoCorp.With this round the total capital invested in Ather Energy by Sachin reaches $53 million.

This investment round comes at the heels of Ather Energy’s extended series C round of funding in July where it had raised $11.21 million from Hero MotoCorp.

Ather Energy intends to utilize the fresh infusion of funds to accelerate its expansion plans and speed up the deliveries of its new two wheelerAther 450X.

Additionally the company is also working towards opening nine new markets in the coming days and that is moving to a new manufacturing facility in Hosurto meet projected demand.

Founded in Founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain, Ather Energy launched India’s first electric scooter Ather 450 in 2018. The company proceeded to launch its flagship product Ather 450X in 2020.

"Post the successful launch of our new product line, we are now looking forward to delivering the vehicles and seeing them across all cities. The pandemic has changed the landscape of personal transport, and we hope that with high-performance alternatives available, people will choose electric vehicles for their daily commute,” said Tarun Mehta, Co-founder & CEO, Ather Energy.

“Ather Energy has set a new benchmark for intelligent electric bikes in the Indian automobile industry. Their new product line and expansion plans across the country will make EVs a part of the Indian landscape. Having been a part of the team since 2014, it's great to see their vision taking shape,” said Sachin Bansal.