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# Indian electric scooter maker Ather Energy raises $128 million
- URL: https://www.techloy.com/indian-electric-scooter-maker-ather-energy-raises-128-million/
- Published: 2022-05-12T14:20:45.000Z
- Updated: 2022-12-08T00:33:38.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: CleanTech, EVs, Tech in India

India-based electric scooter maker, [Ather Energy](https://www.atherenergy.com/) has raised $128 million from the National Investment and Infrastructure Fund (NIIF), the Indian government's sovereign wealth fund, and Hero MotoCorp. 

- The company claims the fund will be used to increase its manufacturing facilities, invest in research and development, expand its charging infrastructure and scale its retail network.
- The latest investment marks Ather's funding from institutional investors since it last raised funds from Tiger Global in 2015\.
- Since it registered an all-high sales in February 2022 (3,779 units sold), the company projects a 100% increase in demand in the next five months.