Ather Energy Funding

It was September of 2014, and Ather Energy cofounders Tarun Mehta andSwapnil Jain were running out of money. For their. 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. The electric bike startup had earlier raised funding from Hero MotoCorp and Innoven Capital. Ather Energy On A Higher Orbit Ather Energy receives large funding from Tiger Global Management With the Indian government setting its priority towards start-ups and innovative methods to create new and efficient products, Ather Energy a small start-up company that took root in Bangalore has been getting a lot of attention in the recent days. Ather Energy, India's first intelligent electric vehicle manufacturer was founded in 2013 by IIT Madras alumni, Tarun Mehta and Swapnil Jain. 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. This will be the company's first product. ETEnergyworld. Electric Dreams The key areas will be batteries, management sys-tems and chargers. But Ather Energy is not alone in the startup electric mobility space. 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, India's potential two-wheeled answer to Tesla, is raising US$31 million in fresh funds from two-wheeler king Hero MotoCorp, the world's largest seller of motorcycles and scooters. Interested folks can lease Ather 450 electric scooter at a monthly subscription of Rs. Based in Bengaluru, Ather Energy is reportedly planning to launch a manufacturing facility that will produce 1. and software analytics, ION Energy helps battery makers and OEMs build world-class batteries. The Ather manufacturing plant is located in Whitefield, Bangalore. The company will use the funding to develop, test and produce a smart electric two-wheeler named Ather-S340. Glassdoor gives you an inside look at what it's like to work at Ather Energy, including salaries, reviews, office photos, and more. It weighs just about 85 Kg. 205 crores from Hero Motorcorp which is also one. Ather Energy was one of the earliest. The company is also planning to setup a new manufacturing facility, along with e-vehicle charging infrastructure in multiple cities to meet its annual sales target of one million units over the. About Ather Energy. Sachin Bansal, as an angel investor, invested in Ather Energy in 2014 too. Ather Energy announced a fresh round of funding of INR 180 crores today from Hero MotoCorp - for 26-30% stake. Ather Energy is a start-up which unveiled India's first smart electric scooter in February 2016. Mehta says, “This is when you start isolating systems and start to truly understand where the failures are happening. Ather has. The startup, Ather Energy, had launched the EV scooter lease project as a pilot in January. Ather Energy Pvt. It is valued at around $400 million. The technology of the future does not lag on any parameter than the technology of today. Ather was incubated out of Indian Institute of Technology-Madras in 2013 by Tarun Mehta and Swapnil Jain. AGL is committed to making a sustainable and positive contribution within the Macarthur-Hawkesdale region. Macarthur Wind Farm Community Fund - applications closed. Founded by Tarun Mehta and Swapnil Jain in 2013. West Virginia University has successfully restored forest on abandoned pasture throughout the state. This funding round was led by ex Flipkart co-founder Sachin Bansal. All content is posted anonymously by employees working at Ather Energy. Just shy of three years ago, Pokémon GO took over the world. It was founded in. The Series C fund was raised, pegging Ather Energy at $400 million, said people in the know. Ather Energy was founded in 2013 by Tarun. At Ather we want to change the perspective about electric vehicles by building high performance, zero maintenance and smart electric vehicles. Flipkart co-founder Sachin Bansal has invested US$ 32 million in the start-up. Ather has. Ather Energy, a startup based out of Bangalore has launched its first electric scooter, the S340 in India. Bengaluru-based Ather Energy has raised $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAC Acquisitions. Bengaluru-based Ather Energy raised $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAAC Investments. NEW DELHI, Jan 25: To promote manufacturing of electric vehicles in India, import duties on fully built batteries need to be increased while the same should be reduced on lithium ion cells, motors and motor controllers, according to electric-two wheeler maker Ather Energy. Ather Energy was founded in. The funds raised. That's how we would like to put it. Ather Energy co-founders turned to Sachin Bansal for advice and hit the jackpot with electric scooter Ather’s electric scooter has a low center of gravity that can facilitate sharp turns and an. Ather Energy, which is into electric scooter manufacturing, has raised $51 million in its latest round of funding, led by Flipkart cofounder Sachin Bansal's investment of $32 million. It plans to double its capacity to manufacture more than 25,000 units per annum. As part of the agreement, Sanmina will exclusively manufacture Ather’s charging system. 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. With an order backlog of about five months, the EV company will be utilising this fund for expansion of capacity to 25,000 units per annum and expand the business to other cities. West Virginia University has successfully restored forest on abandoned pasture throughout the state. Every team member is doing work equivalent of 5 people with long working hours to six days a week work schedule with almost no holidays. 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. AGL is committed to making a sustainable and positive contribution within the Macarthur-Hawkesdale region. After the Flipkart founders, New York-based hedge fund Tiger Global has stepped up to invest in Ather Energy, a maker of smart electric scooters that’s preparing for a commercial launch next year. Electric vehicle startup Ather Energy today raised Rs 180 crore in a fresh round of funding from Hero MotoCorp for 26-30 percent stake. Ather Energy, India’s first locally designed and manufactured intelligent scooter brand, has added additional subscription plans for the Ather 450 & 340, based on the success of Ather One, the complete hassle free ownership plan. Ather Energy is building the country's first smart, electric scooter - the S340. It manufactures two electric scooter models, 340 and 450. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal. The funding marks the third round of investments in Ather Energy, which is building the S340-India's first smart, electric scooter. It has manufacturing capacity of 600 vehicles per week. At Ather, they believe in the superiority of an electric drive. The MacArthur Foundation supports creative people and effective institutions committed to building a more just, verdant, and peaceful world. Ather Energy, India's first intelligent electric scooter manufacturer, raised an investment of $51 Mn in its latest round of funding, led by Sachin Bansal's investment of $32 Mn. The Ather 340 is now priced at Rs 1,02,460 while the Ather 450 carries a price tag of Rs 1,13,715. 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. 2010 ACEEE Forum on Energy Efficiency in Agriculture Energy Efficiency as a Business Model: – Funding. 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. Department of Energy (DOE) Weatherization Assistance Program reduces energy costs for low-income households by increasing the energy efficiency of their homes, while ensuring their health and safety. The post (In photos) Meet Ather 450, an intelligent e-scooter with parking assist and remote monitoring features appeared first on e27. Its authorized share capital is Rs. As it looks to modernize its operations, the Los Angeles Fire Department is turning to a number of new technologies, including expanding its fleet of drones for a slew of new depl. The funding was led by Sachin. They are a smart vehicle start-up based out of Bengaluru, India. In addition to the equity round, Ather Energy said it has also raised $8 million in debt from venture debt firm Innoven Capital. All this was brought repeatedly to their attention by yours truly much before Tarun and Swapnil got their Flipkart’s “Bansal funding”. Ather Energy raises $51million from Sachin Bansal, others To meet the projected demand in the coming years, the company is planning a new manufacturing facility which will be designed to produce 1. In addition to selecting the MacArthur Fellows, we work to defend human rights, advance global conservation and security, make cities better places, and understand how technology is affecting children and society. HMC invested US$ 30. They have included highlights remembering the Indian market, similar to batteries that work securely at higher temperatures, and a mainshock suspension on the back for terrible streets. It was founded in. Find latest news & updates, photos and videos about Ather Energy only on The Indian Wire. Many members of the media have driven it and Ather has launched an experience centre in Bengaluru for prospective buyers to experience the bike. Punjabi as the Head of Finance. Players filled the sidewalks, and crowds of trainers flooded parks and landmarks. Pages using the property "Investor type of funding" Showing 25 pages using this property. 's investment of $32 Mn. 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. For us, it is a new journey. The funding marks the third round of investments in Ather Energy, which is building the S340 - India's first smart, electric scooter. # ather energy funding # sachin bansal investment in ather # ather energy investors # electric scooter # Companies # Business; लेटेस्ट. Ather Energy : Union Budget Expectation – 2019-20 "The timeline to localise lithium-ion cells by April 2021 will not be sufficient for manufacturers to scale to meet demand and should be extended to 2023", says Tarun Mehta, CEO and Co-founder of Ather Energy. 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. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. For our first product, Ather is building smart scooters for the Indian market. Ather Energy is building India's first intelligent electric scooter and an electric vehicle charging network - AtherGrid. EV companies focused largely on two-wheelers have found it easier to raise capital, with Hero Electric and Ather Energy leading the pack. Gurgaon-based electric scooter startup, Twenty Two Motors, has raised US$1. Ltd, which makes smart electric scooters, has raised $51 million (Rs 355 crore at the current exchange rate) in a fresh round of funding led by Flipkart co-founder Sachin Bansal. Ather Energy has a team of passionately curious creators who love building things. Ather Energy, India’s potential two-wheeled answer to Tesla, is raising US$31 million in fresh funds from two-wheeler king Hero MotoCorp, the world’s largest seller of motorcycles and scooters. Later around 1 Mn funding was raised from Flipkart founders Sunny Bansal and Binny Bansal. 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. #IITMStartup Electric Scooter manufacturer Ather Energy founded by IIT Madras alumni, raises $51 Million in #funding. 05 billion) as Series B round of funding in October 2016 and gained a 32. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. All content is posted anonymously by employees working at Ather Energy. Ather Energy revs up post GST cut; Ather Energy to discontinue its entry-level offering due to low demand; Ather Energy plans expansion, to enter Chennai in June; Ather Energy raises $51 million led by Sachin Bansal, plans 1 million unit factory; Ather Energy to deliver first batch of e-scooters in August. Glassdoor gives you an inside look at what it's like to work at Ather Energy, including salaries, reviews, office photos, and more. Ather Energy had earlier received a funding of USD 12 million from Tiger Global. Ather Energy has raised around Rs 350 crore in a fresh round of funding. Related Posts Electric Scooter Manufacturer Ather Energy Raises $51 Million in Funding → Low Margins, Cheaper Modules Make India Lowest-Cost Producer Of Solar PV→. 1 percent from 32. The third round of funding is the largest investment in the smart electric two-wheeler segment in India. Major acceleration! Electric scooter manufacturer Ather raises $51 mn funding led by Sachin Bansal Wed, May 29, 2019 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. Ather gets over Rs 220 cr funding from Flipkart founder Sachin Bansal Ather Energy has raised $51 million (approx Rs 354 crores) which will be used to expand its electric scooter business in the. Whether it be comfort, or safety, or acceleration or control or even cost - Ather's vehicles will better the petrol alternative. Bengaluru based e-scooter manufacturer, Ather Energy Pvt. They are a smart vehicle start-up based out of Bengaluru, India. Electric vehicle startup Ather Energy today raised Rs 180 crore in a fresh round of funding from Hero MotoCorp for 26-30 percent stake. Ather Energy has 0 employees and has a revenue of $0. Ather Energy also counts Flipkart co-founders Sachin Bansal and Binny Bansal among its investors. Oct 29, 2016, 16:30 PM IST. The last has a greater limit battery and a higher best speed. Later around 1 Mn funding was raised from Flipkart founders Sunny Bansal and Binny Bansal. 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 2014. Ather Energy Pvt. One of our big learnings over the last three years has been that at Ather we are not just building the S340 but we are participating in the growth of an entire new industry with completely new technology, new platforms and with a very different vendor and re-fueling infrastructure. 5 Mn in the firm as an Angel investor in […]. For Hero, it is more of a strategic investment since it may have future plans to make electric bikes and scooters to join. Headquartered in Bengaluru, the Indian based company currently manufactures two electric scooters S340 and S450. 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. Curated for curious tech lovers, the Ather S340 is a no compromise electric vehicle with a smart connected dashboard. It has applied for 51 patents in India, of which one has been granted; internationally it has applied for 11 patents. It has manufacturing capacity of 600 vehicles per week. 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. 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. Farhaan Shabbir, former Director of Harley-Davidson, also joined the round. Ather Energy was one of the earliest start-up funding of Sachin Bansal when he invested $0. The deal momentum picked up in 2018, with the sector (electric vehicles, power train and batteries) raising about USD28 million. 45 lakh from IIT Madras. 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. Interested folks can lease Ather 450 electric scooter at a monthly subscription of Rs. This is what is known in the industry as a 'Series B' round of financing. 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. The round was. In addition to this, InnoVen Capital has extended an $8 Mn venture debt. The company is planning a new manufacturing facility which will be designed to produce 1 million vehicles a year. Electric scooter maker Ather Energy, which raised $51 million (about ₹360 crore) in its latest round of funding, plans to set up a new manufacturing facility as well as charging infrastructure. 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. Rs 130 crore has been set aside for setting up about 6,500 charging stations by 2023. Ather Energy rides high on electric scooters, may hit sales of 1 mn by 2023 It all began with a dream and a funding of just Rs 5 lakh from the incubation centre. 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. Ather Energy raises $51Mn in the latest round of funding led by Sachin Bansal June 2, 2019 May 28, 2019 - by Shakthi - Leave a Comment Ather Energy, India's first intelligent electric scooter manufacturer, raised an investment of $51 Mn in its latest round of funding, led by Sachin Bansal's investment of $32 Mn. Every team member is doing work equivalent of 5 people with long working hours to six days a week work schedule with almost no holidays. Bengaluru-based electric two-wheelers maker Ather Energy, has raised an investment of $51 Mn in its latest round of funding, led by Flipkart cofounder Sachin Bansal’s who poured in $32 Mn. Also read: A Royal Enfield owner is the first buyer of the Ather 450 electric scooter. Sachin Bansal, the co-founder of one of India's largest e-commerce website Flipkart, invested $32 million. For Hero, it is more of a strategic investment since it may have future plans to make electric bikes and scooters to join. com provide a national and local weather forecast for cities, as well as weather radar, report and hurricane coverage. After the Flipkart founders, New York-based hedge fund Tiger Global has stepped up to invest in Ather Energy, a maker of smart electric scooters that’s preparing for a commercial launch next year. Today we are happy to announce our latest round of fund-raising. Department of Energy (DOE) Weatherization Assistance Program reduces energy costs for low-income households by increasing the energy efficiency of their homes, while ensuring their health and safety. The third round of funding is the largest investment in the smart electric two-wheeler segment in India. The company is also planning to setup a new manufacturing facility, along with e-vehicle charging infrastructure in multiple cities to meet its annual sales target of one million units over the. Raman Pillai - CIO - Ather Energy at 10th SIITF 2019 VARINDIA - India's frontline IT Magazine, provides the real time IT News. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. Ather Energy raises Rs 180 crore from Hero MotoCorp 27 th Oct 2016 4:18 pm. 5 million in the firm as an. New Delhi-based two-wheeler maker Hero MotoCorp Ltd (HMCL) on Wednesday said that its board has approved an investment of $19 million (Rs 130 crore) in electric scooter startup Ather Energy Pvt. 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. Ather has used a digital battery system, which gives a lot more control and feedback, enabling features like remote firmware upgrades. Ather Energy Pvt. 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. ’s $19 million in convertible debt, and venture leading firm InnoVen Capital which added an $8-million venture debt. Mumbai: Electric scooter maker Ather Energy Pvt. The company was looking for an initial round of funding to create a more advanced prototype than the tzero he he Read More Asked in Cars & Vehicles , Nikola Tesla , Electric Cars , Tesla Motors. 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. One of Bansal's earliest startup investments, he put $500,000 in the firm in 2014. The team collaborated with Ather Energy, an electric vehicle company based in India, to adapt the solution to the Indian context. Ather Energy has 500 employees across 4 locations and $91 m in total funding,. See the complete profile on LinkedIn and discover Karan’s connections and jobs at similar companies. Ather energy was established in 2013 by Tarun Mehta and Swapnil Jain. Ather Energy was founded in 2013 by IIT-Madras graduates Tarun Mehta and Swapnil Jain, providing the innovation to the era, the startup launched two electric scooters namely, the S340 and S450, along with the AtherGrid that follows to be an electric vehicle charging infrastructure. 7 PM to 7 PM. The new round of funding will be used for development, testing, production and the launch of Ather\'s first smart electric two-wheeler. Farhaan Shabbir, former Director of Harley-Davidson, also joined the round. The company's two-wheelers are powered by a lithium-ion battery pack with integrated digital battery management system and smart control features, enabling consumers to use a safer and cleaner mode of transportation. With an order backlog of about five months, the EV company will be utilising this fund for expansion of capacity to 25,000 units per annum and expand the business to other cities. What is the work culture like? It’s unique to Ather. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. This is the Ather Energy company profile. 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. Ather Energy, today announced the appointment of Karan K. 5 million as an angel investor in 2014. -backed Ather Energy on Wednesday said its electric scooter Ather 450 has received regulatory compliance to qualify for subsidy under FAME II scheme. Last week, homegrown electric scooter startup Ather Energy raised $51MM in to help transform last mile transportation. At Ather we want to change the perspective about electric vehicles by building high performance, zero maintenance and smart electric vehicles. India's first intelligent electric scooter manufacturer, Ather Energy has managed to raise an investment of about 51 million dollars in its latest round of funding. 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. Electric Dreams The key areas will be batteries, management sys-tems and chargers. Flipkart Backed Ather Energy Launches India’s First Electric Scooter S340. The company's two-wheelers are powered by a lithium-ion battery pack with integrated digital battery management system and smart control features, enabling consumers to use a safer and cleaner mode of transportation. Ather has. Nick is the founder and Managing Director of Absolute Investment Partners and works with Aether Energy on sourcing and financing renewable energy projects globally. Electric vehicle startup Ather Energy today raised Rs 180 crore in a fresh round of funding from Hero MotoCorp for 26-30 percent stake. New Delhi-based two-wheeler maker Hero MotoCorp Ltd (HMCL) on Wednesday said that its board has approved an investment of $19 million (Rs 130 crore) in electric scooter startup Ather Energy Pvt. Ather Energy is now planning a new manufacturing facility to produce 1 million vehicles a year, and set up 6,500 Ather Grid fast. Cut short your path to Akshita Jain with CutShort. Ather Energy announced that it has received a fresh 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. It was founded in 2013 and has received funding from Hero MotoCorp, Tiger Global and Flipkart founders Sachin & Binny Bansal. Bengaluru based e-scooter manufacturer, Ather Energy Pvt. Bengaluru-based Ather Energy raised $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAAC Investments. [Funding Alert] Ather Energy raises $51M led by Sachin Bansal. The launch was. Venture capital investors hitch a ride on mobility startups in India. Ather Energy has raised $43 million in funding so far from some of India's best-known investors, including the country's No. Uber riders in the US and Canada with low ratings may be booted from the app. 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. What is the work culture like? It’s unique to Ather. 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. Ather Energy partners with Sanmina The smart electric two-wheeler startup, Ather Energy , announced it has signed an agreement with Sanmina Corporation, a leading integrated manufacturing solutions company headquartered in San Jose, California, to develop and manufacture key components designed by Ather for its maiden scooter – the Ather S340. Ather Energy has also been funded by Tiger Global and. Ather Energy raises $51Mn in the latest round of funding led by Sachin Bansal June 2, 2019 May 28, 2019 - by Shakthi - Leave a Comment Ather Energy, India’s first intelligent electric scooter manufacturer, raised an investment of $51 Mn in its latest round of funding, led by Sachin Bansal’s investment of $32 Mn. Read writing from tarun mehta on Medium. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. Ather Energy Pvt. 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 is backed by Flipkart founders Sachin & Binny – more Bansal, Tiger Global and recently raised a Series B funding of Rs. 3 more days to join the 2019 Chongqing Talents Cup Competition happening in Singapore! Up to RMB 5M in cash prizes and funding opportunity, market access to Chongqing in China, and networking with the best in the Singapore startup ecosystem. 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. 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. Ather Energy was founded in 2013 by IIT-Madras graduates Tarun Mehta and Swapnil Jain, providing the innovation to the era, the startup launched two electric scooters namely, the S340 and S450, along with the AtherGrid that follows to be an electric vehicle charging infrastructure. At Ather we want to change the perspective about electric vehicles by building high. It is a smart scooter with a futuristic design,comfort and functionality. Sachin Bansal, the co-founder of one of India's largest e-commerce website Flipkart, invested $32 million. Ather Energy, the country's leading intelligent electric scooter manufacturer, today announced that it has raised investment of $51 million (Rs 355 crore) in its latest round of funding, which was. Nick is the founder and Managing Director of Absolute Investment Partners and works with Aether Energy on sourcing and financing renewable energy projects globally. 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. Ather Energy, India’s electric scooter startup, raised $51 million in new round of funding on Tuesday. Mehta says, “This is when you start isolating systems and start to truly understand where the failures are happening. The round was led by early backer Sachin Bansal, the co-founder of Flipkart, who invested $32 million. In fact, Ather Energy claims its offering is the most advanced scooter in the country. Indian electric scooter start-up Ather Energy has raised an investment of $51 million in its latest round of funding. Ather Energy, a startup based out of Bangalore has launched its first electric scooter, the S340 in India. Clean Energy Fund (CEF) • 10ear, $5 billion funding commitment -y • Reshapes New York’s energy efficiency, renewable energy and energy innovation programs • Reduces cost of clean energy • Accelerates adoption of energy efficiency to reduce load • Increases renewable energy to meet demand • Mobilizes private investment in clean energy. In other words, you can rent an Ather Energy electric scooter by paying a convenient down. 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. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. May 28, 2019 · 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. View all announcements for HERO MOTOCORP LTD. The world's largest two-wheeler manufacturer will be investing Rs 130 crore in the Bangalore-based electric two-wheeler. In July 2018, Ather Energy last raised $19 million in funding from Hero MotoCorp, taking its total funding to $59 million, according to CrunchBase. The latest funding came from a Series C round on Jul 25, 2018. Electric scooter maker Ather Energy, which raised $51 million (about ₹360 crore) in its latest round of funding, plans to set up a new manufacturing facility as well as charging infrastructure. For their. 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. An Interview with Tarun Mehta - Co-founder of Ather Energy October 20, 2019 October 20, 2019 Team Autosite India 0 Comments Ather Energy , Electric Scooter , Electric Vehicles The Indian automotive market is continuously stressing on moving towards electric mobility. It has manufacturing capacity of 600 vehicles per week. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. 5 million in the firm as an angel investor in 2014, according to a release. 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. BENGALURU: Electric scooter maker Ather Energy raised US$51 million in a fresh round of funding, the startup said on Tuesday, at a time when rising pollution levels have prompted the Indian. 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. Ather Energy has received $12m funding from Tiger Global, one of the world's leading venture capitalists. Bengaluru-based Ather Energy raised $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAAC Investments. With an order backlog of about five months, the EV company will be utilising this fund for expansion of capacity to 25,000 units per annum and expand the business to other cities. Ather Energy Pvt. 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. 's $19 million in convertible debt, and venture leading firm InnoVen Capital which added an $8-million venture debt. #IITMStartup Electric Scooter manufacturer Ather Energy founded by IIT Madras alumni, raises $51 Million in #funding. Ather Energy is the brainchild of IIT graduates Tarun Mehta & Swapnil Jain and is among the few hardware start-ups in India. Ather Energy, a smart electric two-wheeler start-up, has signed an agreement with EMS provider Sanmina, to develop and manufacture key components designed by Ather for its maiden scooter – the Ather S340. 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. But if challenging the. Ather Energy is the brainchild of IIT graduates Tarun Mehta and Swapnil Jain. Electric vehicle startup Ather Energy today raised Rs 180 crore in a fresh round of funding from Hero MotoCorp for 26-30 percent stake. The founders of Flipkart (Sachin Bansal and Binny Bansal) are in news again, as they have led an investment of $1 million in Ather,a Chennai-based startup that is into manufacturing of electric scooters. In July 2018, Ather Energy last raised $19 million in funding from Hero MotoCorp, taking its total funding to $59 million, according to CrunchBase. That's how we would like to put it. It is valued at around $400 million. By launching only a scooter, there will be limited interest. At Ather we want to change the perspective about electric vehicles by building high performance, zero maintenance and smart electric vehicles. Giving a shot to this idea, two of the IIT graduates from the Bangalore-based technology startup, Ather Energy, have unveiled India's first smart electric scooter named Ather S340 in the country. That gave it data that the studied to understand the problems. Ather Energy has received $12m funding from Tiger Global, one of the world’s leading venture capitalists. 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. 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 has. Recently, it received an additional $12 million in funding from Tiger Global, the New York-based hedge fund. Ather Energy has raised $43 million in funding so far from some of India's best-known investors, including the country's No. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. Later FlipKart founders, Sachin Bansal and Binny Bansal invested $1 million. The technology of the future does not lag on any parameter than the technology of today. Interested folks can lease Ather 450 electric scooter at a monthly subscription of Rs. Ather Energy, manufacturer of electric scooters – Ather 450 and Ather 340, have raised an investment of $51 Mn (Rs 355 Cr) in its last round of funding led by Sachin Bansal, who invested $32 Mn (Rs 222 Cr) in the company. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. Tesla Motors is way ahead of the incumbent Ather Energy. V Srinivasan (founder, Aerospike – himself a pioneer of databases in the Silicon Valley) and the Technology Development Board, GoI. Ather Energy was one of the earliest startup investments of Sachin Bansal when he invested around. These scooters are currently available for online-sale with doorstep delivery and service. West Virginia University has successfully restored forest on abandoned pasture throughout the state. The new investment was led by Sachin Bansal's $32 million, and his second with. In addition to the equity round, Ather Energy said it has also raised $8 million in debt from venture debt firm Innoven Capital. Mehta says, “This is when you start isolating systems and start to truly understand where the failures are happening. Flipkart co-founder Sachin Bansal, who had come in as an angel investor in Ather Energy five years ago, wrote a $32-million cheque for the electric scooter maker to make the company the highest. Ather Energy is founded by two IIT Madras graduates that focuses on design and development of smart electric scooters. Ather Energy’s first indigenously designed and manufactured smart electric scooter will give its petrol variants a run for their money. With the promise that the company showed, it managed to get hefty funding from Hero MotoCorp and Flipkart founders Sachin and Binny Bansal. As it looks to modernize its operations, the Los Angeles Fire Department is turning to a number of new technologies, including expanding its fleet of drones for a slew of new depl. We are a bunch of engineers, designers, analysts, scientists, technicians, marketers and managers who are curious and love to build products. Nick is the founder and Managing Director of Absolute Investment Partners and works with Aether Energy on sourcing and financing renewable energy projects globally. What is the work culture like? It's unique to Ather. Founded by Tarun Mehta and Swapnil Jain. Ather Energy, manufacturer of electric scooters - Ather 450 and Ather 340, have raised an investment of $51 Mn (Rs 355 Cr) in its last round of funding led by Sachin Bansal, who invested $32 Mn (Rs 222 Cr) in the company. View Balance Sheet, Profit & Loss Account, Memorandum of Association and Airticles of Association of Ather Energy Private Limited. Also read: A Royal Enfield owner is the first buyer of the Ather 450 electric scooter. The S340 is powered by a lithium-ion battery, and is built on an aluminium frame. The company was looking for an initial round of funding to create a more advanced prototype than the tzero he he Read More Asked in Cars & Vehicles , Nikola Tesla , Electric Cars , Tesla Motors. Ather Energy has received $12m funding from Tiger Global, one of the world’s leading venture capitalists. They have included highlights remembering the Indian market, similar to batteries that work securely at higher temperatures, and a mainshock suspension on the back for terrible streets. Ather Energy raises $51Mn in the latest round of funding led by Sachin Bansal June 2, 2019 May 28, 2019 - by Shakthi - Leave a Comment Ather Energy, India’s first intelligent electric scooter manufacturer, raised an investment of $51 Mn in its latest round of funding, led by Sachin Bansal’s investment of $32 Mn. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Hero MotoCorp has invested US$ 19 million in the latest round along with InnoVen Capital that has put in. Ather Challenge. This sum was used in the research and development of the company's first electric scooter - the Ather S340.