Electric scooter maker Ather Energy raises $50-M led by Caladium Investment

Bengaluru-based electric scooter maker Ather Energy has raised INR 400.6 crore (USD 50 million) in a funding round led by existing investor Caladium Investment. Caladium has invested INR 400 crore while Herald Square Ventures pumped in INR 64 lakh. The new capital is reportedly an extension of the Series E round of USD 128 million which was led by NIIF's SOF and Hero MotoCorp in May this year. Ather Energy is likely to raise more money in this round and is expected to enter the unicorn club.