Ather Energy raises $128 mn led by state-owned NIIFL, Hero MotoCorp

Ather Energy has raised $128 million in its Series E round of funding, the electric two-wheeler maker said on Thursday. The round was led by India's sovereign wealth fund National Investment and Infrastructure Fund Limited's (NIIFL) Strategic Opportunities Fund (SOF) and Hero MotoCorp, among others. With this investment, the Bengaluru-based company has raised over $230 million financing to date.