Wednesday, April 24, 2024
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Ather Energy

The company will utilise the newly-infused fund to fuel its product development initiatives

The company is seeking funding for aggressive expansion and production, with National Infrastructure Investment Fund and a US-based fund among those likely to participate

The government approved Phase II of FAME Scheme with an outlay of Rs 10,000 crore for a period of three years commencing from April 1, 2019. The scheme has been extended till March-end 2024

Having raised $1.3 million in a seed funding round recently, Bengaluru-based Up⤴️ hopes to reach a $30 million annual run rate on its smart kitchen appliance

Caladium Investment led the round with Rs 400 crore investment while Herald Square Ventures pumped in Rs 64 lakhs

The EV company plans to bolster production, tap in new investors in fresh funding round