Iowa Energy Efficiency All ather Energy Sales. Bengaluru-based Ather Energy, which manufactures electric scooters, raised $51 million in its latest round of funding, led by Flipkart co-founder Sachin Bansal, who invested $32 million. In addition to the equity round, Ather Energy said it has also raised $8 million in debt from venture debt firm Innoven Capital. Limited (Ather) Ather, an existing Associate company of Hero MotoCorp Limited (HMCL), is engaged in the business of designing and manufacturing smart electric vehicles and associated charging infrastructure. By launching only a scooter, there will be limited interest. In December 2014, Ather received funding of US $1 million from founders of India's top e-commerce Sachin Bansal and Binny Bansal, In May 2015, Ether Energy received fund of $12 million from Tiger Global which is one of the leading venture capital investment firms, the company recently raised Rs. It has manufacturing capacity of 600 vehicles per week. This funding round was led by ex Flipkart co-founder Sachin Bansal. Speaking on the new investment, Tarun Mehta, CEO and co-founder of Ather Energy, said, “The funding is a strong validation of our product roadmap and technology capability, endorsed by one of. Interestingly, Ather Energy received funding from Hero MotoCorp of Rs 205 crore in 2016, and Hero now owns a stake in the company. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. Ather Energy, an electric mobility solutions brand headquartered in Bengaluru Karnataka which also claims to be the first intelligent electric scooter manufacturer has raised an investment of USD 51 million in its latest round of funding. https://geeksnewslab. -backed Ather Energy on Wednesday said its electric scooter Ather 450 has received regulatory compliance to qualify for subsidy under FAME II scheme. Ather Energy announced that it has received a fresh round of funding. Bengaluru based electric scooter maker Ather Energy recently secured a funding of $51 million in its latest funding round. Ravneet Phokela, Chief Business Officer, Ather Energy, said, “The launch in Chennai is. 5 million in the firm as an Angel investor in 2014. Flipkart Founders, Sachin and Binny Bansal have invested $1 Million in Ather, an electric vehicle startup who are developing high speed electric 2 wheelers focused on Indian Markets. For startups with limited resources, this will be a large advantage CHETAN MAINI, electric car pioneer Company Name Overview Year City Country Total Funding Investors Ather Energy Makes Smart, electric scooters for India 2013 Bengaluru India $13M Tiger Global. 5 million as an angel investor in 2014. Ather Energy Plans to double its manufacturing capacity. Headquartered in Bengaluru, the Indian based company currently manufactures two electric scooters S340 and S450. In addition to the equity round, Ather Energy said it has also raised $8 million in debt from venture debt firm Innoven Capital. Today we are happy to announce our latest round of fund-raising. Ather Energy has plans to set up to 55 charging stations by the year end from the funding received, including 31 in Bengaluru. India's Ather Energy raises $51 million to grow its electric scooters business There's more money racing into India's increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. The electric scooter maker will also build a new plant with a 1 million unit capacity. 5 million in the firm as an angel investor in 2014, according to a release. Autoparts Asia offers the latest automotive technology news and features related to all the automotive OEMs and spare parts suppliers around the world. Bansal has made an investment of $32 million into Ather. recently raised $51 million through a latest funding round which was reportedly led by Sachin Bansal (Flipkart Co-Founder) who invested around $32 million, followed by Indian automaker Hero MotoCorp Ltd. The new plans will offer more flexibility to the customer to choose services of their choice based on their usage. The fund is designed to reinvest revenue earned at the wind farm into nearby communities by way of financial support for community-based initiatives, projects, and events. Also read: A Royal Enfield owner is the first buyer of the Ather 450 electric scooter. But if challenging the. Ather Energy has received $12m funding from Tiger Global, one of the world’s leading venture capitalists. Will update this if/when we raise a second round in the future. It was founded in IIT Madras in 2013, and is now backed by Tiger Global, Flipkart founders Sachin and Binny Bansal, and also Hero MotoCorp – India’s largest two wheeler maker. Hero MotoCorp Ltd, the country's largest two-wheeler maker, is making its biggest bet in the electric-vehicle segment after deciding to invest Rs 205 crore ($30. Interested folks can lease Ather 450 electric scooter at a monthly subscription of Rs. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Below is the summary of deals closed this week: Ather Energy: Ather Energy has secured $51 million in what looks like its Series D round and this investment has been led by Sachin Bansal with a $32 million cheque. [Funding Alert] Ather Energy raises $51M led by Sachin Bansal. I headed to the Ather office in Bangalore that’s situated within town limits. Ather Energy To Expand Operations To 30 Cities By 2023. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. The new funding in Ather Energy was made by the country's largest two-wheeler maker Hero MotoCorp. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. Unu raises $12 million to build new electric scooter German startup Unu raised a $12 million funding round led by Ponooc with existing investors Capnamic Ventures, Iris Capital, Michael Baum and NRW. The cofounders of India-based Ather Energy, have built a smart e-scooter that is potentially faster, has more battery life and more power than current electric bikes. 27000/- FAME-II (Faster Adoption and Manufacture of Hybrid and Electric vehicles) is a government scheme that is aimed to promote Ather Energy looks to raise Rs 200-300 Cr For Expansion Drive. Ather Energy, the smart electric two-wheeler start-up, announced a fresh round of funding of INR 180 crores from Hero MotoCorp for 26-30% stake. Mehta says, "This is when you start isolating systems and start to truly understand where the failures are happening. Swapnil has 3 jobs listed on their profile. At Ather we want to change the perspective about electric vehicles by building high performance, zero maintenance and smart electric vehicles. But Ather Energy is not alone in the startup electric mobility space. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal. Ather Energy was one of the earliest startup investments of Bansal, when he invested $500,000 in the firm as an angel investor in 2014. Ather Energy has raised US$ 51 million in the latest round of funding. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. Hero MotoCorp has converted its Convertible Debt of $19 Mn as a part of this round. Backed by founders of Flipkart, Tiger Global, Hero Motocorp and others, Ather Energy has designed India's first truly intelligent electric scooter Ather 450, powered by a comprehensive public charging. It has manufacturing capacity of 600 vehicles per week. Ather Energy Pvt. I headed to the Ather office in Bangalore that’s situated within town limits. MUMBAI: Ather Energy, Bengaluru-based electric scooter maker, closed an investment of $51 million in its latest round of funding, led by Sachin Bansal's investment of $32 million. Ather refers to its Greek origins, “aether” or the cleanest air possible, which the Greek gods would have breathed. Bengaluru-based Ather Energy, the maker of electric scooters and charging infrastructure, has just raised $51 million in a funding round led by Sachin Bansal. Find latest news & updates, photos and videos about Ather Energy only on The Indian Wire. Uber riders in the US and Canada with low ratings may be booted from the app. Creating a protective barrier around herself, she managed to keep Kuvira safe, though the overload of spiritual energy being sent in every direction caused an explosion of such magnitude that it tore. The cofounders of India-based Ather Energy, have built a smart e-scooter that is potentially faster, has more battery life and more power than current electric bikes. Mehta says, "This is when you start isolating systems and start to truly understand where the failures are happening. Homegrown electric scooter maker Ather Energy has raised $51 million in its latest round of funding, led by Sachin Bansal who has investment $32 million. Ather Energy, which has raised USD 51 million in its latest round of funding. Ather's vision is to accelerate the development and adoption of smart, electric vehicles. At Ather, they believe in the superiority of an electric drive. For people not in the know, the Ather 340 electric scooter project received its first major funding of $1 million (around Rs 6. 2 days ago · Tarun Mehta, Chief Executive Officer and Co-Founder, Ather Energy. Ather Energy is now planning a new manufacturing facility to produce 1 million vehicles a year, and set up 6,500 Ather Grid fast. "At Ather, it is all about passion and purpose!",says Ather Energy team. Ather Energy Private Limited is registered in Karnataka state only as per our database. Ather Energy Bengaluru-based electric two- wheeler startup Ather Energy, in which Hero MotoCorp is an investor, today announced appointment of Venkatesh Padmanabhan as its Chief Operating Officer. We are a bunch of engineers, designers, analysts, scientists, technicians, marketers and managers who are curious and love to build products. View all announcements for HERO MOTOCORP LTD. Ather Energy, the Electric vehicle maker, is planning to foray into the auto hub of India, Chennai, in June 2019. The electric scooter maker will also build a new plant with a 1 million unit capacity. Ather Energy is the brainchild of IIT graduates Tarun Mehta and Swapnil Jain. But Ather Energy is not alone in the startup electric mobility space. Existing investors Hero MotoCorp and InnoVen Capital also participated in the $51 million funding round. Ather is committed to building smart, connected, uncompromising vehicles and seeks to reimagine urban commute with the help of technology. It is a smart scooter with a futuristic design,comfort and functionality. In May 2019 Ather Energy raised an investment of $51 million in its latest round of funding, led by Sachin Bansal’s investment of $32 million. Apart from Bansal, Hero MotoCorp is the other investor in Ather Energy. Find latest news & updates, photos and videos about Ather Energy only on The Indian Wire. The Series C fund was raised, pegging Ather Energy at $400 million, said people in the know. We are a bunch of engineers, designers, analysts, scientists, technicians, marketers and managers who are curious and love to build products. Ather is backed by Flipkart founders Sachin & Binny – more Bansal, Tiger Global and recently raised a Series B funding of Rs. Ather Energy Plans to double its manufacturing capacity. Hero MotorCorp invests Rs 20 cr in two-sheeler start-up Ather Energy Industry: Automobile November, 2017 Hero MotorCorp has invested an additional Rs 20 crore in Ather Energy, the smart electric two-wheeler start-up, as part of the company’s total commitment of Rs 205 crore for 26-30 percent of the stake in the company. Ather Energy was one of the earliest startup investments of Sachin Bansal when he invested around. Ather Energy is building India’s first intelligent electric scooter and an electric vehicle charging network - AtherGrid. This is what is known in the industry as a 'Series B' round of financing. Existing investor Hero MotoCorp converted its convertible debt of $19 million as a part of this round, increasing its stake in Ather Energy to 35. The Co-founder and CEO of Ather Energy, Tarun Mehta, said that the company will use the fresh amount for its new expansions, for supply chain network. It has manufacturing capacity of 600 vehicles per week. About Ather Energy. In the year 2014, Flipkart founders Sachin Bansal and Binny Bansal invested $1 million in their Ather Energy after seeing their. Next Slide 5 Indian Start-ups Spearheading the EV Sector. Electric Scooter Maker Ather Energy Eyeing to Raise Funds for Development Gauri Singh FUNDING comments Ather Energy is reportedly planning to raise an amount of Rs 200 crore - Rs 300 crore over the next year to expand to new markets and further its product development plans. Ather Energy's plan to raise 200-300 crore in fresh funding over the next one year is noteworthy as investor Hero MotoCorp is yet to develop its own electric scooters and motorcycles. recently raised $51 million through a latest funding round which was reportedly led by Sachin Bansal (Flipkart Co-Founder) who invested around $32 million, followed by Indian automaker Hero MotoCorp Ltd. Outlook Ather seems to be doing its job better compared to other players in the market, however, the question that arises here is whether it will take a long-run or end after some time. -backed Ather Energy on Wednesday said its electric scooter Ather 450 has received regulatory compliance to qualify for subsidy under FAME II scheme. 's investment of $32 Mn. 2010 ACEEE Forum on Energy Efficiency in Agriculture Energy Efficiency as a Business Model: – Funding. On the service front you can schedule the service by using the ather energy app and the scooter will be picked up and delivered post the service at your residence by the Ather team. Ather’s Funding: Flipkart’s founders Sachin Bansal and Binny Bansal have taken a keen interest in Ather’s e-scooter project. 5 million in the firm as an. In addition to the equity round, Ather Energy said it has also raised $8 million in debt from venture debt firm Innoven Capital. Glassdoor gives you an inside look at what it's like to work at Ather Energy, including salaries, reviews, office photos, and more. — Mint MD&T Partners advised the company’s early backer Sachin Bansal , who had co-founded Flipkart, led by a team of partners PM Thimmaiah , Sandhya PV , senior associate Mythri Shenoy and associate Sruthi Amarala. Bengaluru based e-scooter manufacturer, Ather Energy Pvt.  The startup is founded by IITians Tarun Mehta and Swapnil Jain, and has received funding from Tiger Global. Its authorized share capital is Rs. is a boutique investment management firm formed to offer private equity funds focused exclusively on real assets. Apart from Bansal, Hero MotoCorp is the other investor in Ather Energy. So far, Ather has raised $91 million in funding from investors such as Hero MotoCorp, Sachin Bansal and Binny Bansal (founders of ecommerce platform Flipkart), and InnoVen Capital. Tesla Motors is way ahead of the incumbent Ather Energy. Swapnil has 3 jobs listed on their profile. The new funding in Ather Energy was made by the country's largest two-wheeler maker Hero MotoCorp. See insights on Ather Energy including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. 5 Mn in the firm as. Ather Energy Pvt. https://geeksnewslab. Founded by Tarun Mehta and Swapnil Jain. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal. Ather Energy is now planning a new manufacturing facility to produce 1 million vehicles a year, and set up 6,500 Ather Grid fast. It was founded in IIT Madras in 2013, and is now backed by Tiger Global, Flipkart founders Sachin and Binny Bansal, and also Hero MotoCorp – India’s largest two wheeler maker. The company will use the funding to develop, test and produce a smart electric two-wheeler named Ather-S340. Hotline: 1800 102 2007. The funding marks the third round of investments in Ather Energy, which is building the S340 – India’s first smart, electric scooter. Ather is backed by Flipkart founders Sachin & Binny – more Bansal, Tiger Global and recently raised a Series B funding of Rs. Ather Energy CEO and co-founder says that if India is to go fully electric by 2030, then we need to address a few basic things. Can Ather Energy Stick To Its Vision of Being More Than Just Another E-Bike Company? The company's series B funding has come from the world's largest two-wheeler manufacturer. Ather has raised $43 million in funding so far from some of India’s best-known investors, including the country’s No. If you continue browsing the site, you agree to the use of cookies on this website. In addition, Nick has ten years' experience in Asset Management, Hedge Fund and the Third-Party Fund platform industry. Ather Energy, India’s intelligent electric scooter manufacturer, raised $51 million in its latest round of funding, led by Flipkart’s co-founder Sachin Bansal’s investment of $32 million. Apparently, Ather Energy would be utilising this. The fund is designed to reinvest revenue earned at the wind farm into nearby communities by way of financial support for community-based initiatives, projects, and events. Tarun Mehta, Co-founder and CEO of Ather Energy, said. Articles tagged under Ather Energy Clive Owen short film S340 Funding How to Fire Crackers Do's and Wheels One Life Solar Energy Lohia Lifeway Solar Three. Ather Energy, today announced the appointment of Karan K. Tesla Motors is way ahead of the incumbent Ather Energy. BANK also participating. Ather Energy, Indias intelligent electric scooter manufacturer, raised $51 million in its latest round of funding, led by Flipkarts co-founder Sachin Bansals investment of $32 million. Sachin Bansal, the co-founder of one of India's largest e-commerce website Flipkart, invested $32 million. Electric vehicle company Ather Energy on Saturday said it has commenced delivery of flagship scooter Ather 450, marking their expansion in the market. The company has secured over Rs 350 crore in its latest round of funding. Ather Energy has received $12m funding from Tiger Global, one of the world's leading venture capitalists. Uber riders in the US and Canada with low ratings may be booted from the app. The Rs 180 crore funding will give Hero MotoCorp a 26-30% stake in the electric start-up. Speaking on the new investment, Tarun Mehta, CEO and co-founder of Ather Energy, said, "The funding is a strong validation of our product roadmap and technology capability, endorsed by one of. Flipkart Co-founder Sachin Bansal Invests Rs 223 Crore In Ather Energy's Latest Round of Funding Ather currently sells its scooters only in Bangalore and Chennai and plans to expand its operations to 30 cities by 2023. Tarun Mehta, CEO cum one of the two founders of the company, exhibited the entirely home-made machine. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal. The new round of funding will be used for development, testing, production and the launch of Ather’s first smart electric two-wheeler, the Ather S340. Ather Energy was one of the earliest startup investments of Sachin Bansal when he invested around. Ather Energy's funding has come from investors including 021 Capital, Binny Bansal, Hero MotoCorp among others. Ather currently employees more than 80 people and is located in Bangalore. Padmanabhan, the former CEO of Royal Enfield, will head supply chain, quality, manufacturing, and service delivery at Ather. Major acceleration! Electric scooter manufacturer Ather raises $51 mn funding led by Sachin Bansal In a big shot in its arm, electric scooter manufacturer Ather Energy has raised an investment of $51 mn in its latest round of funding, led by Sachin Bansal's investment of $32 mn. And since we are setting up our own assembly plant (66K sqft) and building most sub-assemblies in-house our setup and design costs make up for an unusually big chunk of the spends. Bengaluru based electric scooter maker Ather Energy recently secured a funding of $51 million in its latest funding round. Aether Energy is a fixed income debt manager and placement agent that specialises in clean infrastructure and social housing sectors worldwide. (This article has not been edited by DNA's editorial team and is auto-generated from an agency feed. For our first product, Ather is building smart scooters for the Indian market. Electric two-wheeler start-up Ather Energy will get a funding of up to Rs 205 crore from Hero MotoCorp for their upcoming S340 scooter. Noteworthy too is the half a billion dollars in funding for hi-tech startups such as Grey Orange for robotics, Fractal Works for 3D printing, and Ather Energy for cleantech. 5 Mn in the firm as an. It has applied for 51 patents in India, of which one has been granted; internationally it has applied for 11 patents. The round was. For Hero, it is more of a strategic investment since it may have future plans to make electric bikes and scooters to join. 5 million in the firm as an. Ather Energy reportedly plans to raise a fresh round of funding to expand its operations to Chennai and Pune. Read more about Ather Energy rides high on electric scooters, may hit sales of 1 mn by 2023 on Business Standard. Ather Energy receives fresh funding; Hero MotoCorp invests Rs 180 crore. At Ather we want to change the perspective about electric vehicles by building high. Ather refers to its Greek origins, “aether” or the cleanest air possible, which the Greek gods would have breathed. The new funding in Ather Energy was made by the country’s largest two-wheeler maker Hero MotoCorp. We have established relationships with banks, pension funds and insurance companies that have a desire to match long term inflation linked liabilities with investments of a similar duration and basis. MUMBAI: Ather Energy, Bengaluru-based electric scooter maker, closed an investment of $51 million in its latest round of funding, led by Sachin Bansal's investment of $32 million. Ather had built some vehicles and ran a few of them on the road for about 10,000 km. Ather Energy CEO and co-founder says that if India is to go fully electric by 2030, then we need to address a few basic things. Electric Dreams The key areas will be batteries, management sys-tems and chargers. In his previous entrepreneurial ventures, Punit has invested $100Mln in the last 10 years in Clean Energy. All this was brought repeatedly to their attention by yours truly much before Tarun and Swapnil got their Flipkart’s “Bansal funding”. June 2, 2019: A roundup of news and perspectives on disruptive technology from around the world. Because Ather Energy has built its electric scooters from scratch, it is defining what an electric two-wheeler is capable of being So far, Ather has raised $91 million in funding from. Ather Energy was founded in 2013 by IIT graduates Tarun Mehta and Swapnil Jain. Apparently, Ather Energy would be utilising this. Quote by Ravneet Phokela, Chief Business Officer: “Ather Grid has seen steady adoption in Bengaluru and we believe that accessible charging infrastructure is critical before launching our products in any market we enter. In a market where vehicle sales are about 15 Million a year in which 5:1 market is captured only by petrol powered 2 wheelers, introducing a new segment and to make it succeed is no joke. Bengaluru-based Ather Energy raised a total of $51 million in the latest funding round from multiple investors. In the year 2014, Flipkart founders Sachin Bansal and Binny Bansal invested $1 million in their Ather Energy after seeing their. Interestingly, Ather Energy received funding from Hero MotoCorp to the tune of Rs 205 crore in 2016, and Hero now owns a stake in the company. It plans to double its capacity to manufacture more than 25,000 units per annum. Ather Energy, the electric two-wheeler company has announced a new invester in the form of Hero MotoCorp. Ltd, which makes smart electric scooters, raised $40 million (Rs 279 crore) through a mix of equity and debt. With the recent funding from Flipkart and Tiger Global and positive test runs, Ather S340 is planned for launch in Bangalore, Chennai and Delhi by. Also read: A Royal Enfield owner is the first buyer of the Ather 450 electric scooter. MUMBAI: Ather Energy, Bengaluru-based electric scooter maker, closed an investment of $51 million in its latest round of funding, led by Sachin Bansal’s investment of $32 million. Mehta along with fellow student and co- founder Swapnil Jain, conceptualized and started Ather Energy in 2013. If you continue browsing the site, you agree to the use of cookies on this website. Ather Energy raises $51million from Sachin Bansal, others To meet the projected demand in the coming years, the company is planning a new manufacturing facility which will be designed to produce 1. In addition, Nick has ten years' experience in Asset Management, Hedge Fund and the Third-Party Fund platform industry. Ather Energy Pvt. and software analytics, ION Energy helps battery makers and OEMs build world-class batteries. According to the Ather Energy press release, it has managed to raise a total of $51 million in the latest funding round from multiple investors. It has applied for 51 patents in India, of which one has been granted; internationally it has applied for 11 patents. What is the work culture like? It’s unique to Ather. Ather Energy, the smart electric two-wheeler startup has hired industry veterans Sunitha Lal as Head of Human Resources and Nandkumar Karale as Head of Vehicle Engineering. Based in Bengaluru, Ather Energy is reportedly planning to launch a manufacturing facility that will produce 1. Ather Energy has raised $91 m in total funding. Bengaluru-based startup Ather Energy opened pre-orders for its flagship electric scooters on Tuesday, hoping to build a beachhead in the world's largest two-wheeler market that will allow it to. Electric vehicle startup Ather Energy has raised seed funding from Flipkart founders Sachin and Binny Bansal, the company said on Tuesday. 5 million in 2014. It has manufacturing capacity of 600 vehicles per week. It has secured 45 million US dollars in funding, and now employs 250 people. This sum was used in the research and development of the company's first electric scooter - the Ather S340. Ather Electric Scooter Global Unveil - Press Release Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The company has secured over Rs 350 crore in its latest round of funding. Electric scooter maker Ather Energy raised $51 million in a fresh round of funding, the startup said on Tuesday, at a time when rising pollution levels have prompted the Indian government to push.  The startup is founded by IITians Tarun Mehta and Swapnil Jain, and has received funding from Tiger Global. At Ather, we believe in the superiority of an electric drive. Ather Energy Raised an investment of $51 Mn For Future Products - Ather is the first in the country to offer innovative purchase options like lease, with monthly payments as low as INR 2517, which make the intelligent electric scooter accessible to the 18 million Indian two-wheeler market. Ampere Vehicles, a similar company has raised funding from Infosys co-founder Kris Gopalakrishnan and Tata Sons, chairman. Ather Energy has commenced the deliveries of its leased scooters in Bangalore. The funding marks the third round of investments in Ather Energy, which is building the S340 - India's first smart, electric scooter. 5 Mn in the firm as an Angel investor in […]. Many members of the media have driven it and Ather has launched an experience centre in Bengaluru for prospective buyers to experience the bike. Ltd said on Tuesday that it has raised $51 million in its latest investment round, led by existing investor Sachin Bansal who chipped in with $32. Punit manufactured and exported 72 MW of Solar Panels to Europe between 2008 to 2012, set up India’s 1st 20 MW solar power plant in 2012 and created a renewable energy portfolio of 230 MW in 2016. Nick is the founder and Managing Director of Absolute Investment Partners and works with Aether Energy on sourcing and financing renewable energy projects globally. Ather Energy was one of the earliest startup investments of Sachin Bansal when he invested $0. Ather's vision is to accelerate the development and adoption of smart, electric vehicles. 27% on a fully diluted basis) from 32. For their. Ather Energy co-founder, Tarun Mehta has revealed that the electric two-wheeler manufacturer has taken up plans to introduce a new product every year. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal. The cofounders of India-based Ather Energy, have built a smart e-scooter that is potentially faster, has more battery life and more power than current electric bikes. Bengaluru-based Ather Energy raised $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAAC Investments. Ather Energy was founded by Tarun Mehta and Swapnil Jain in 2013. Ather Energy's plan to raise 200-300 crore in fresh funding over the next one year is noteworthy as investor Hero MotoCorp is yet to develop its own electric scooters and motorcycles. It has secured 45 million US dollars in funding, and now employs 250 people. Ather Energy has raised $51 million in its latest round of funding which was led by Bansal. This is the Ather Energy company profile. The new funding in Ather Energy was made by the country’s largest two-wheeler maker Hero MotoCorp. Macarthur Wind Farm Community Fund - applications closed. Glassdoor gives you an inside look at what it's like to work at Ather Energy, including salaries, reviews, office photos, and more. ETEnergyworld. Tarun Mehta, CEO cum one of the two founders of the company, exhibited the entirely home-made machine. Ather has raised $43 million in funding so far from some of India’s best-known investors, including the country’s No. Our team at Lilium is thrilled to announce that we have closed a €10m funding round with Atomico, the leading European venture capital firm based in London. Ather energy was established in 2013 by Tarun Mehta and Swapnil Jain. The manufacturer recently raised Rs 354 crores funding. The IoT-based electric scooter manufacturing startup is now planning to set up a new manufacturing facility to produce one million vehicles in a year. They are a smart vehicle start-up based out of Bengaluru, India. Electric scooter maker Ather Energy raised $51 million in a fresh round of funding, the startup said on Tuesday, at a time when rising pollution levels have prompted the India n government to push for more electric vehicles on the road. com/wp-content/uploads/2016/02/Ather_360_01. Amid Government’s aggressive push for investments in the Indian start up ecosystem, a. It was founded in 2013 and has received funding from Hero MotoCorp, Tiger Global and Flipkart founders Sachin & Binny Bansal. Ather should definitely think of being a pioneer in helping people to move away from using Petrol Bikes. Sep 30, 2019 · "We didn't start this to save the environment," Tarun Mehta confides of the electric scooter company he cofounded in 2013 with college pal Swapnil Jain, Ather Energy. Tarun Mehta, CEO cum one of the two founders of the company, exhibited the entirely home-made machine. The new funding in Ather Energy was made by the country’s largest two-wheeler maker Hero MotoCorp. Karan’s appointment is in continuation to the addition of senior talent across functions at Ather over the past few months, as it prepares to commence production and delivery of the S340. Lists are free to download. Ather Energy has. Interested folks can lease Ather 450 electric scooter at a monthly subscription of Rs. The company said that Bansal, who made an angel investment of $500,000 in Ather five years ago, contributed $32 million. 1 two-wheeler maker Hero MotoCorp, Walmart partner Flipkart's founders and. Weather News - August 25, 2018, 11:24:51 PM EDT. Ather’s seed round also include funding from Raju Venkatraman, the CEO of Medall(a healthcare co. 2018 was a special year: IITMIC turned 5 (as a legal entity and nodal incubator of IIT-Madras), we crossed 180+ incubations, welcomed a new Board of Directors, created new partnerships (see Oct/Nov'18 newsletter), and our startups walked away with some more awards, increased turnover & funding activity drawing in wider spectrum of investors. MUMBAI: Ather Energy, Bengaluru-based electric scooter maker, closed an investment of $51 million in its latest round of funding, led by Sachin Bansal’s investment of $32 million. ) This is not the first time […]. Known as “India’s Tesla,” the Bengaluru-based company is expanding just as two-wheelers are projected to dominate India’s EV market. #IITMStartup Electric Scooter manufacturer Ather Energy founded by IIT Madras alumni, raises $51 Million in #funding. Sachin Bansal, co-founder of e-commerce platform Flipkart, Tuesday announced investment of $32 million in electric vehicle manufacturer Ather Energy, which has raised $51 million in its latest round of funding. The technology of the future does not lag on any parameter than the technology of today. Ather Energy raises $51m in its latest round of funding. In May 2019 Ather Energy raised an investment of $51 million in its latest round of funding, led by Sachin Bansal's investment of $32 million. The Bengaluru-based company is backed by marquee. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. Ather Energy launched its flagship scooter Ather 450 in 2018 and opened for pre-orders in Bengaluru in June 2018 with deliveries beginning in September the same year. Ather Energy Pvt. Mumbai, May 28 () Sachin Bansal, co-founder of e-commerce platform Flipkart, Tuesday announced investment of USD 32 million in electric vehicle manufacturer Ather Energy, which has raised USD 51. Ather Energy is all geared up to launch their A450 electric scooter in Chennai. It was founded in 2013 and has received funding from Hero MotoCorp, Tiger Global and Flipkart founders Sachin & Binny Bansal. In 2016, Hero MotoCorp made an investment of Rs 205 crore in Ather Energy and it currently holds 26-30 percent stakes of the company. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal. Ather Energy's Electric Scooter Revolution in India. 5 million (₹ 2. Before Hero MotoCorp, it had secured about Rs 75 crore ($12 million) in funding from US-based hedge fund and venture capital investor Tiger Global in early 2015. 5 million in the firm as an Angel investor in 2014. recently raised $51 million through a latest funding round which was reportedly led by Sachin Bansal (Flipkart Co-Founder) who invested around $32 million, followed by Indian automaker Hero MotoCorp Ltd. Find latest news & updates, photos and videos about Ather Energy only on The Indian Wire. Electric Dreams The key areas will be batteries, management sys-tems and chargers. Shubham Mishra with the mission to provide high tech electric bikes with highly optimised features to all masses of the world. Ather Energy Private Limited is a Private incorporated on 21 October 2013. Ather Energy announced a fresh round of funding of INR 180 crores today from Hero MotoCorp - for 26-30% stake. Read more IIT Madras students to launch Ather electric scooter in 2016. Ather Energy Raised an investment of $51 Mn For Future Products - Ather is the first in the country to offer innovative purchase options like lease, with monthly payments as low as INR 2517, which make the intelligent electric scooter accessible to the 18 million Indian two-wheeler market. As part of the agreement, Sanmina will exclusively manufacture Ather’s charging system. Lives and property will remain at risk across Hawaii as Tropical Storm Lane will continue to unload feet of rain, gusty winds and dangerous surf into Saturday night. View Ather Energy stock / share price, financials, funding rounds, investors and more at Craft. (This article has not been edited by DNA's editorial team and is auto-generated from an agency feed. 's $19 million in convertible debt, and venture leading firm InnoVen Capital which added an $8-million venture debt. Apparently, Ather Energy would be utilising this. Anywhere you looked, people were th. You can see Ather Energy's entire investor history and funding raised here. In addition to selecting the MacArthur Fellows, we work to defend human rights, advance global conservation and security, make cities better places, and understand how technology is affecting children and society. Bansal has made an investment of $32 million into Ather. Ather Challenge. The funding marks the third round of investments in Ather Energy, which is building the S340 - India's first smart, electric scooter. Ather Energy presently offers two bikes, the Ather 340 and the Ather 450. Ather Energy ropes in Venkatesh Padmanabhan as COO - Bengaluru-based electric two- wheeler startup Ather Energy, in which Hero MotoCorp is an investor, today announced appointment of Venkatesh Padmanabhan as its Chief Operating Officer. Bengaluru-based startup Ather Energy opened pre-orders for its flagship electric scooters on Tuesday, hoping to build a beachhead in the world's largest two-wheeler market that will allow it to. That gave it data that the studied to understand the problems. In Chennai, India, Ather Energy is reimagining the scooter with the S340 model. Bengaluru firm aims to achieve annual sales of 10 lakh units in the next five years. At Ather we want to change the perspective about electric vehicles by building high performance, zero maintenance and smart electric vehicles. Initially in 2014, it was supported by Technology Development Board and IIT alumnus. This sum was used in the research and development of the company's first electric scooter - the Ather S340. Mumbai, May 28 () Sachin Bansal, co-founder of e-commerce platform Flipkart, Tuesday announced investment of USD 32 million in electric vehicle manufacturer Ather Energy, which has raised USD 51. The battery pack is built out of the 18650 cell format, which is also used by Tesla on its Model S electric car. Cut short your path to Akshita Jain with CutShort. 5 million as an angel investor in 2014. Ather Energy is a start-up working on a single product – the S340 electric scooter. Nick is the founder and Managing Director of Absolute Investment Partners and works with Aether Energy on sourcing and financing renewable energy projects globally. In ordinary two-wheelers, you cannot upgrade without. It was founded in 2013 and has received funding from Hero MotoCorp, Tiger Global and Flipkart founders Sachin & Binny Bansal. Macarthur Wind Farm Community Fund - applications closed. For our first product, Ather is building smart scooters for the Indian market. Nope! Pulse42 has been here for a while and is going to stay for as long as we can think. I am sure you have read and heard about Ather Energy so we will dive in straight into the ride experience. Interestingly, Ather Energy received funding from Hero MotoCorp to the tune of Rs 205 crore in 2016, and Hero now owns a stake in the company. MUMBAI: Ather Energy, Bengaluru-based electric-scooter maker, closed an investment of $51million (₹355 crore) in its latest round of funding, led by Flipkart co-founder Sachin Bansal. Ather has raised $43 million in funding so far from some of India's best-known investors, including the country's No. Ather Energy also counts Flipkart co-founders Sachin Bansal and Binny Bansal among its investors. 5 million in the firm as an angel investor in 2014. Electric vehicle startup Ather Energy has raised seed funding from Flipkart founders Sachin and Binny Bansal, the company said on Tuesday. Ather Energy, the Bangalore-based electric-scooter brand, has introduced a new rental or leasing program. Ltd, the country’s largest two-wheeler maker said on Wednesday. Ather Energy raises Rs 355 crore in fresh funding, led by Rs 223 crore investment by Sachin Bansal. View Karan Punjabi’s profile on LinkedIn, the world's largest professional community. Ather Energy presently offers two bikes, the Ather 340 and the Ather 450.