CHENNAI: If India’s electric vehicle story is supercharged right now, Tarun Mehta and Swapnil Jain are among the boosters. Their nearly-decade-old baby, Ather Energy, which makes the 450 X and 450 Plus escooters, has made headlines with its fund-raises for the past couple of years.
The latest came 10 days ago when existing investor Hero Motocorp pumped in `420 crore, the fifth infusion in as many years, taking its total funding to more than `950 crore.