Flipkart founders Sachin Bansal and Binny Bansal have invested $1 million in Ather Energy Pvt Ltd. Ather Energy, an electric vehicle start-up based out of the incubation cell of IIT Madras focuses on designing high-speed electric two-wheelers for the Indian market.
Ather also raised $1 million in February this year from V Srinivas (founder, Aerospike) and the Technology Development Board, Government of India.
More about the news can be read at :
The Economic Times: Flipkart founders Sachin & Binny Bansal invest $1 mn in electric vehicle start-up Ather
NDTV Profit: Flipkart Founders Invest $1 Million in Electric Vehicle Start-Up Ather
The Hindu Business Line: Flipkart founders invest $1 million in electric vehicle start-up Ather