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Sources told ET Ather Energy is also in the final stages of plans to raise $75-90 million (about Rs 750 crore) in primary funding from existing investors. This underscores increasing investor interest in the company and the mobility segment. The company is also approaching new investors.
Ather Energy is also finalising plans to raise USD 75-90 million (about INR 750 crore) in primary funding from existing investors, according to the people. This underscores increasing investor interest in the company and the mobility segment, they said. New investors are also being approached.
As of fiscal year 2022, the consumer tech sector's total addressable market was estimated to be at $100 billion, with mobility, and entertainment and media leading the pack, followed by fashion, the report said.
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