The funding was in the form of a rights issue, and has not seen participation from new investors. The round also saw BluSmarts founders increasing their stake in the company.
The Poonawalla family has 'no plans' to move to the UK permanently, but 'the house will serve as a base for the company and family when they are in the UK', said a report
BluSmart co-founder Punit Goyal said he set up a 20 MW solar power plant in Gujarat that he sold to a Saudi player for $68 million, before selling off another 70 MW power plant in Maharashtra to Suzlon for $55 million.
Most of the stuff that Ather does today is really in service of the vehicle that we have to sell, said co-founder Tarun Mehta, adding that a lot of people can go to their charging stations now.