Ather looks to raise $95M in pre-IPO round at $1B valuation

Ather Energy is expected to raise around $95 million in a pre-IPO funding round, which would help the electric two-wheeler maker enter the unicorn club, two sources aware of developments in the company told YourStory. Hero MotoCorp, among Ather's largest shareholders, could participate in the round. Sachin Bansal could sell his entire stake in Ather to Zerodha's Nikhil Kamath.