Read more at inc42.com
There are chances that Flipkart
co-founder Sachin Bansal
might invest $50 to $100 million in Ather Energy
which is said to an EV startup
. It was believed in the month of August, that he was planning to start his entrepreneurial adventure in the field of artificial intelligence
mostly by the end of this year.Flipkart
was started by Sachin Bansal
along with Binny
as an online books store in the year 2007. Now it seems to have grown into one of the largest e-commerce platforms in India.Ather Energy
has launched earlier this year in the month of June. It is expected that the Indian electric two wheeler market is said to grow at about 23% from the year 2018 to 2023.
Recently in the month of October, Kymco
announced an investment of about $65 millionn
in haryana based electric scooter startup Twenty Two Motors Pvt
. Flipkart's investment in Ather seems to be a positive development for the industry.