Page 10 - Ather Energy

Ather Energy to invest Rs 635 cr in next five years at TN facility

The firm is looking to scale up production

Hero MotoCorp-backed Ather starts making EV scooters in Tamil Nadu

The plant spreads over 400,000 sq. ft and it will manufacture electric scooters along with lithium-ion batteries

Ather Energy launches electric scooter 450X in 16 additional cities

The Hero MotoCorp-backed startup currently has presence in 11 locations across the country.

Ather Energy raises $35 mn in a funding round led by Sachin Bansal

Hero MotoCorp-backed electric two-wheeler maker Ather Energy said it has raised $35 million in a funding round led by Flipkart co-founder Sachin Bansal's investment of $23 million

Ather Energy opens full payment window for 2 variants in Bengaluru, Chennai

Electric two-wheeler startup Ather Energy opened the full payment windowfor its 125-cc 450 Plus and 450X e-scooters for the customers in Bengaluru and Chennai from Saturday. Bookings for the rest of the cities will open before Diwali, the company said in a release. The EV maker had recently announced an assured buyback scheme for the two variants of its Ather 450 model. Ather Energy has opened the full payment window for 450 Plus and 450X from October 31 and the scooters will be delivered within three weeks of payment, the company said. Along with the buyback scheme for 450X at Rs 85,000 and Rs 70,000 for 450 Plus at the end of three years, it had also announced cutting 450 Plus price by Rs 9,000 to almost Rs 1.40 lakh. Ather Energy has 37 fast charging stations in Bengaluru and 13 in Chennai and will also be installing the same at newer locations in Chennai, it said adding this phase of installations of Ather Grid will be live across over 135+ locations by December 2020 in all th

Ather Energy rolls out buyback scheme for 450X e-scooter model

Ather Energy on Tuesday announced an "assured" buyback scheme, the first of its kind in the domestic EV space, for its 450X e-scooter model, which is set to hit the road by Diwali

Phase 1 of EV charging grid set-up to be completed by yr-end: Ather Energy

Electric vehicle startup Ather Energy on Tuesday said the first phase of its plans of setting up charging grid across over 135 locations would be completed by the year-end

Tamil Nadu to set up exclusive park for EVs, targets Rs 50k-cr investment

The state plans to create 150,000 jobs with a comprehensive EV ecosystem in the state

Hero MotoCorp invests Rs 84 cr in smart scooter maker Ather Energy

Ather is now entering an aggressive expansion phase and is looking to scale to 20 cities by the end of 2021

Ather Energy, Bounce join hands to monetize the idle time of scooters

Ather is the first brand to partner with Bounce to make their products available through this program

Ather Energy gets patent for light-weight charging connector for EVs

The connector will have a charging socket mounted on a hand-held unit, which will have an angular grip for ease of use.

E-scooter startup Ather Energy appoints Ex-Apple exec Deepak Jain as CFO

Jain who has been a finance leader with exposure to large multi-location and transnational revenues, will play a key role in Ather's aggressive expansion plans

Entertain and inform: Customers want more than what traditional stores give

It is no longer about digital versus offline retail, or about creating an omnichannel brand

Ather Energy to set up EV, lithium-ion battery plant in Tamil Nadu

The new unit will help us meet the demand for the next few years across the country, said CEO Tarun Mehta

EV two-wheeler maker Ather to raise undisclosed sum for greenfield plant

The firm is bullish about EV market after govt's push for e-mobility in Budget

Ather Energy rides high on electric scooters, may hit sales of 1 mn by 2023

Ather Energy has already received over Rs 800 crore from marquee PE players like Tiger Global, investors like Sachin and Binny Bansal, and Hero Motors, amongst others

Ather Energy scouting for location to start a larger manufacturing unit

The company is planning to set up around 6,500 charging stations with an investment of around Rs 130 crore in next four years to support the electric vehicle ecosystem

Ather Energy calls for cut in import tariff on lithium ion cells for EVs

Under the current circumstances, the cost structures make it largely unviable for manufacturing electric vehicles in India

Flipkart's Sachin Bansal may invest upto $100 million in Ather Energy

Sachin Bansal made several small investments when he was at Flipkart. Now, after stepping down, he is looking to focus on large investments

Ather Energy plans to set up charging stations for electric vehicles

Ather has partnered with malls, cafes, restaurants, tech parks, multiplexes and gyms to open these charging stations.