Ather Energy expects to turn profitable by next year
Last November, Ather Energy had raised $35 million in a funding round led by Flipkart co-founder Sachin Bansal s investment of $23 million, while Hero MotoCorp had invested $12 million as a part of the Series D round.
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Hero MotoCorp-backed electric two-wheeler maker Ather Energy is hoping to be profitable at the operating level by next year and it looks to raise capital to fund its future business expansion programme, according to a top company official.
Workers at Ather Energy s factory at Hosur, Tamil Nadu testing scooters.
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