India, April 23 -- Ather Energy, an electric two-wheeler manufacturer, is reportedly seeking substantial funding through a combination of primary and secondary share sales.

Existing investor Sachin Bansal, cofounder of Flipkart, has divested a significant portion of his shares to Nikhil Kamath, cofounder of Zerodha, ET reported. Moreover, Kamath might even acquire Bansal's remaining stake in the company.

Ather Energy is in the final stages of securing $75-$90 Mn (approximately INR 750 Cr) in primary funding from its existing investors. Additionally, efforts are underway to attract new investors into the fold, signaling further expansion and potential opportunities for the company.

The primary funding round structure for Ather Energy is...