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Ather Energy has raised rs 2.6bn in new funding: the 450X is about to be launched in these cities

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Ather Energy recently raised $35 million (2.6 billion rupees) in its latest Round of D-funding, with $23 million invested by Sachin Bansal.Bangalore-based startup was one of Sachin Bansal's first startup investments, and he invested $500,000 in the company in 2014 as an angel investor.Hero Motor, on the other hand, has invested $12 million in Ather Energy's D-round.Ather Energy's evs 450X and 450 Plus will be available in nine new cities in India: Pune, Ahmedabad, Mumbai, Delhi, Coimbatore, Kochi, Kozekod and Kolkata.To meet demand in the coming years, Ather Energy will soon move to a new manufacturing facility in Hosur, Tamil Nadu, which is designed to produce 1m vehicles a year.

Ather Energy has raised rs 2.6bn in new funding: the 450X is about to be launched in these cities

With its latest round of investment, Ather Energy is confident it will be able to accelerate its expansion programme and delivery of the Ather 450X ev.Ather Energy also recently launched its Collector's version of the Series 1, the only two-wheeled vehicle sold in India with transparent panels.Series 1 vehicles were designed for early owners of electric vehicles, and only a minority of them were eligible to purchase them.

Over the past six months, Ather Energy has added new financing programmes, including the Ather 450X and Ather 450 Plus "guaranteed buyback" options, as well as new leasing and lending programmes and two rounds of swaps.Ather Energy said it would begin deliveries of its smart electric vehicles in India this Diwali.

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