Ather Energy Joins Unicorn League with $71 Mn Funding from NIIF

- Ather Energy, an electric two-wheeler manufacturer, secured $71 Mn (INR 600 Cr) from National Investment and Infrastructure Fund (NIIF), valuing the company at $1.3 Bn post-money. - NIIF was an investor in Ather's Series E round, which raised $128 Mn alongside Hero MotoCorp and others. - Ather Energy is planning a public listing by the end of 2024, targeting a valuation of around $2 Bn. - The company reported a net loss increase of 22.5% to INR 1,059.7 Cr in FY24, while revenue from operations slightly rose to INR 1,789.10 Cr. - Ather joins India's unicorn club, following recent entries like Krutim AI, Perfios, and Rapido. Source: [Inc42](https://inc42.com/buzz/ather-energy-joins-unicorn-league-by-raising-71-mn-funding-from-niif/)