The board of the company on Monday approved an investment of up to ₹550 crore in the rights issue of Ather Energy. Hero MotoCorp plans to invest an additional ₹550 crore in Ather Energy, the company said in an exchange filing. The board of the company, in a meeting held on September 4, has approved […]
Ather Energy ties up with BPCL to expand charging infrastructure – EQ Mag
Ather will gain access to BPCL’s network of over 21,000 fuel stations across the country, facilitating the installation of Ather’s public fast-charging grid Electric scooter maker Ather Energy on Friday said it has partnered with Bharat Petroleum Corporation Limited (BPCL) to expand its charging network. Through the collaboration, Ather will gain access to BPCL’s network […]
Ather Energy aims to install 2,500 charging stations by this year-end – EQ Mag
The company has already installed over 1,000 fast charging stations across 80 cities in the country Electric two-wheeler maker Ather Energy on Thursday said it plans to install over 2,500 charging stations by this year-end to facilitate a hassle-free transition to EVs. The company has already installed over 1,000 fast charging stations across 80 cities […]
Ather Energy raises $50 million in new funding round – EQ Mag Pro
According to regulatory records obtained through business intelligence platform Tofler, electric scooter manufacturer Ather Energy has secured $50 million, with existing backer Caladium Investment serving as the lead investor. The newest fundraising round included participation from Herald Square Ventures as well. After the round, insiders with knowledge of the situation estimated the company’s valuation to […]
Ather Energy Operationalises Second Plant, Targets 500k Items in FY24 – EQ Mag Pro
Hero MotoCorp-backed Ather Energy, which makes electrical two-wheelers, is beginning manufacturing at its second plant with an eye fixed on output of half one million items in FY24. “Supplies have improved all of sudden. From a production of 2,500 units’ month, we have hit a capacity of 10,000 units a month within 6-7 weeks,” Tarun […]
EV maker Ather Energy raising up to $250 mn to march past rivals: Report – EQ Mag Pro
Electric scooter manufacturer Ather Energy is reportedly raising up to $250 million in a new funding round, as the debate on EV fires appears to be finally settling Electric scooter manufacturer Ather Energy is reportedly raising up to $250 million in a new funding round, as the debate on EV fires appears to be finally […]
Ather Energy plans to open 150 Experience Centres by March 2023 – EQ Mag Pro
Ather Energy has 49 retail outlets in 38 cities, and plans to expand to 100 cities with 150 Experience Centres by March 2023 Electric scooter manufacturer Ather Energy has inaugurated its third experience centre in the city as it aims to strengthen its presence in the country, the company said on Tuesday. The new retail […]
EVs going mainstream, fire incidents help industry mature: Ather Energy CEO – EQ Mag Pro
New Delhi : Electric two-wheelers are going mainstream and the fire incidents will only help manufacturers to focus on quality, thus helping the industry mature, according to Ather Energy cofounder and CEO Tarun Mehta. The Hero MotoCorp-backed firm expects that by the end of this decade up to 30 million electric two-wheelers would be sold […]
Ather Energy, Ola Electric see sharpest drop in EV 2-wheeler sales in July – EQ Mag Pro
According to the latest VAHAN data, Ather Energy sold a mere 1,095 EV two-wheelers (till July 30) from 3,829 in June, registering the biggest drop among the EV manufacturers Hero Electric has piped Okinawa Autotech, Ola Electric, and Ather Energy in selling a maximum number of EV two-wheelers in the month of July, with Ather […]
Ather Energy partners with SBI for electric vehicle financing – EQ Mag Pro
Electric two-wheeler maker Ather Energy on Wednesday said it has partnered with the State Bank of India (SBI) for vehicle financing for its customers. The collaboration will enable Ather Energy’s customers, having pre-approved loan offers from SBI, to avail instant loans at low interest rates starting from 9.55 per cent per annum, depending on customer […]