Ather enters unicorn lane with $71 million from govt’s NIIF

Ather Energy has raised Rs 600 crore ($71 million) from National Investment and Infrastructure Fund, boosting its valuation to $1.3 billion. This funding makes Ather India's fourth unicorn of 2023. The company, facing competition from rivals like Ola Electric, strategically aims to expand its market share with new product offerings and a robust manufacturing setup.
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