Flipkart Founders Invest $1 Million in Electric Vehicle Start-Up Ather

Bengaluru: Flipkart founders Sachin and Binny Bansal have invested $1 million (Rs 6.1 crore at $1 = Rs 61) in Ather, a start-up focused on designing high-speed electric two-wheelers for the Indian market. This funding round also includes investment from Raju Venkatraman, serial entrepreneur and CEO of MEDALL, Ather said. Incubated and supported by the Incubation Cell at IIT Madras, Ather was started by Tarun Mehta and Swapnil...