Ather Energy Funding



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. The Board of Directors of Hero MotoCorp, in a meeting held. Koch Fund for Science, the Ives Family Fund, The Kendeda Fund and the Corporation for Public Broadcasting. 5 million in the firm as an Angel investor in 2014. The funds raised. Post the aforesaid corporate actions, the shareholding of the Company in Ather, has increased to 35. Shubham Mishra with the mission to provide high tech electric bikes with highly optimised features to all masses of the world. Hero MotoCorp invests in electric scooter startup Ather Energy Anand Murali October 27, 2016 2 min Hero MotoCorp, India’s biggest maker of motorbikes by volumes, will invest up to Rs 205 crore in Ather Energy, a Bengaluru-based electric scooter company that is yet to start production. 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. 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 Posted on May 28, 2019 May 29, 2019 by plus530 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. 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. 1 two-wheeler maker Hero MotoCorp, Walmart partner Flipkart’s founders. About Ather Energy. 27,000 under FAME II scheme. Cut short your path to Akshita Jain with CutShort. 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. Mehta says, "This is when you start isolating systems and start to truly understand where the failures are happening. Ather Energy unveils S340 electric scooter 23 rd Feb 2016 8:38 pm. Ather Energy plans to setup a new manufacturing plant, which will be operational by 2020. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. cofounder @ather energy. Players filled the sidewalks, and crowds of trainers flooded parks and landmarks. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. 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. The electric scooter maker will also build a new plant with a 1 million unit capacity. 3,291,630 and its paid up capital is Rs. Ather Energy, which has raised USD 51 million in its latest round of funding. ’s $19 million in convertible debt, and venture leading firm InnoVen Capital which added an $8-million venture debt. Electric Scooter Manufacturer Ather Energy Raises $51 Million in Funding June 5th, 2019 by Smiti Indian electric scooter manufacturer Ather Energy has announced another successful round of funding. ETEnergyworld. Ather Energy has 500 employees across 4 locations and $91 m in total funding,. 205 Cr from Hero MotoCorp. Today, the company raised an investment of $51 million in its latest round of funding, led by Flipkart's. Ather refers to its Greek origins, “aether” or the cleanest air possible, which the Greek gods would have breathed. 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. The new funding in Ather Energy was made by the country’s largest two-wheeler maker Hero MotoCorp. The company has recently received funding from Flipkart founders and aims for a late 2016 launch for its first product. Ather Energy was one of the earliest startup investments of Bansal, when he invested USD 0. 5 Mn in the firm as an Angel investor in 2014. The round was. In an exclusive interview with ETEnergyWorld, Tarun Mehta, co-founder and chief executive officer (CEO) of Ather Energy puts this fund infusion in perspective and discusses how the company is entering into a larger aggressive growth phase. HeroMotoCorp and InnoVen Capital participated in the funding round. Its authorized share capital is Rs. 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 Energy Pvt. 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. Raising venture capital was turning out to be impossible as investors weren't willing to risk their funds on an idea as audacious as theirs: a smart electric vehicle for the Indian market. This is the Ather Energy company profile. Our primary sectors include oil and natural gas, metals and minerals and agriculture and timber. I would definitely buy a motorcycle than a scooter. Ather has been fairly capital-efficient and had raised one round of capital in February from Dr. Just shy of three years ago, Pokémon GO took over the world. 5 million in the firm as an. Ather Energy, which has raised USD 51 million in its latest round of 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 is building the country's first smart, electric scooter - the S340. "At Ather, it is all about passion and purpose!",says Ather Energy team. 5 Mn in the firm as an. Ather is committed to building smart, connected, uncompromising vehicles and seeks to reimagine urban commute with the help of technology. Many members of the media have driven it and Ather has launched an experience centre in Bengaluru for prospective buyers to experience the bike. "It is rare to find an opportunity where you can be part of culture building of not just an organization, but a nascent. Ather Energy unveils S340 electric scooter 23 rd Feb 2016 8:38 pm. Ather currently employees more than 80 people and is located in Bangalore. The manufacturer recently raised Rs 354 crores funding. Tiger Global Management, one of the largest investor in Indian start-ups has decided to put in $12 million in to Ather Energy, a Bangalore based start-up which is designing an electric two-wheeler. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. Lists are free to download. Ather Energy has also been funded by Tiger Global and. See the complete profile on LinkedIn and discover Swapnil’s. Ather Energy receives fresh funding; Hero MotoCorp invests Rs 180 crore. 1 two-wheeler maker Hero MotoCorp, Walmart partner Flipkart's founders and hedge fund Tiger Global Management. CHENNAI: Ather Energy, the smart electric two-wheeler startup, on Friday 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. Bengaluru-based Ather Energy raised $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAAC Investments. Nope! Pulse42 has been here for a while and is going to stay for as long as we can think. Ather Energy was founded in 2013 by IIT graduates Tarun Mehta and Swapnil Jain. 5 million as an angel investor in 2014. Indian electric scooter start-up Ather Energy has raised an investment of $51 million in its latest round of funding. 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. Ather Energy was founded by Tarun Mehta and Swapnil Jain in 2013. It has also established electric vehicle charging infrastructure AtherGrid. It was founded in 2013 and has received funding from Hero MotoCorp, Tiger Global and Flipkart founders Sachin & Binny Bansal. 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. Founded by Tarun Mehta and Swapnil Jain. This is the Ather Energy company profile. Ather is committed to building smart, connected, uncompromising vehicles and seeks to reimagine urban commute with the help of technology. 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. For Hero, it is more of a strategic investment since it may have future plans to make electric bikes and scooters to join. Ather Energy, the Electric vehicle maker, is planning to foray into the auto hub of India, Chennai, in June 2019. (previous 25) (). "At Ather, it is all about passion and purpose!",says Ather Energy team. India’s first intelligent electric scooter manufacturer, Ather Energy managed to raise an investment of about 51 million dollars in its latest round of funding, earlier this year. 5 million in the firm as an Angel investor in 2014. Based in Bengaluru, Ather Energy is reportedly planning to launch a manufacturing facility that will produce 1. I would definitely buy a motorcycle than a scooter. Ather Energy, an automobile design and manufacturing company, raised a fresh round of funding of INR 180 crores from Hero MotoCorp - for 26-30% stake. Subscribe to stay connected with the latest. At Ather, they believe in the superiority of an electric drive. It was September of 2014, and Ather Energy cofounders Tarun Mehta andSwapnil Jain were running out of money. The S340 is powered by a lithium-ion battery, and is built on an aluminium frame. 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. 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. I am sure you have read and heard about Ather Energy so we will dive in straight into the ride experience. Venture capital investors hitch a ride on mobility startups in India. It was founded in 2013 and has received funding from Hero MotoCorp, Tiger Global and Flipkart founders Sachin & Binny Bansal. That's how we would like to put it. Ather Energy, India's electric scooter startup, raised $51 million in new round of funding on Tuesday. 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. Electric and hybrid fuel vehicles are the. 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. 5 million in the firm as an angel investor in 2014. If you continue browsing the site, you agree to the use of cookies on this website. 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. Read more IIT Madras students to launch Ather electric scooter in 2016. Ather Energy is a Consumer Services company and has headquarters in Bengaluru, Karnataka, India. Ather Energy was founded by Tarun Mehta and Swapnil Jain in 2013. Ather Energy has raised around Rs 350 crore in a fresh round of funding. Bengaluru-based Ather Energy has raised $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAC Acquisitions. Very good suggestions, these. Continue reading this story with a subscription to DealStreetAsia. It has also established electric vehicle charging infrastructure AtherGrid. Ather Energy to Begin Test Drives for Its Smart Scooter in India. In addition, Nick has ten years’ experience in Asset Management, Hedge Fund and the Third-Party Fund platform industry. Tesla Motors is way ahead of the incumbent Ather Energy. ET Startup Awards 2016: Ather Energy is building India's first smart electric scooter Students are wont to dream, they dream of building cars, scooters, rockets and satellites. 5 million in the firm as an angel investor in 2014, according to a release. The Weather Channel and weather. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. Ather Energy was one of the earliest startup investments of Sachin Bansal when he invested $0. Ather has received funding from Hero MotoCorp, the country’s top-selling motorcycle producer, which is also providing competition with a series of electric scooters over the past year. 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. 5 million as an angel investor in 2014. 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. The new round of funding will be used for development, testing, production and the launch of Ather\'s first smart electric two-wheeler. Inside the Ather electric scooters | Photo: Ather Energy. Ather Energy reportedly plans to raise a fresh round of funding to expand its operations to Chennai and Pune. 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. Electric vehicle startup Ather Energy has raised seed funding from Flipkart founders Sachin and Binny Bansal, the company said on Tuesday. 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’s Smart Electric Scooter - Ready to Rev In Electric Mode | Outlook Business. Ather Energy Pvt. 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. 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. In this round we have raised $27M to continue our engineering and production work for the S340 and our efforts with an ubiquitous charging infrastructure. AGL is committed to making a sustainable and positive contribution within the Macarthur-Hawkesdale region. Ather Energy, India’s electric scooter startup, raised $51 million in new round of funding on Tuesday. 72 crore) from Filpkart founders in 2014. Called the 340, the scooter boasts several innovative features and boasts higher equipment levels than any scooter in India. 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. 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 Energy, a Bengaluru-based start-up, currently designing a smart electric two-wheeler, has received $12 million (around Rs 75 crore) in funding from Tiger Global. 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. 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. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal. Later FlipKart founders, Sachin Bansal and Binny Bansal invested $1 million. 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. Curated for curious tech lovers, the Ather S340 is a no compromise electric vehicle with a smart connected dashboard. Ather Energy announced a fresh round of funding of INR 180 crores today from Hero MotoCorp - for 26-30% stake. 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. 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. Continue reading this story with a subscription to DealStreetAsia. 2 days ago · Tarun Mehta, Chief Executive Officer and Co-Founder, Ather Energy. 5 million as an angel investor in 2014. This is the Ather Energy company profile. About Ather Energy. Ather is establishing that superiority by building electric vehicles which are practical for urban usage. Cut short your path to Akshita Jain with CutShort. The company said that Bansal, who made an angel investment of $500,000 in Ather five years ago, contributed $32 million. Electric two-wheeler maker, Ather Energy, has raised $51 million in a fresh funding round led by Sachin Bansal. 5 million (₹ 2. 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 has also been funded by Tiger Global and. 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. June 2, 2019: A roundup of news and perspectives on disruptive technology from around the world. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. Ather has been fairly capital-efficient and had raised one round of capital in February from Dr. The funding was led by Sachin. 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. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal. Tiger Global Management and Hero MotoCorp-backed smart scooter maker Ather Energy has secured $32 million from Flipkart's co-founder Sachin Bansal and $8 million in venture debt from InnoVen Capital. 5 million in the firm as an angel investor in 2014. Ather Energy was founded in. The funding marks the third round of investments in Ather Energy, which is building the S340 – India’s first smart, electric scooter. At Ather, they believe in the superiority of an electric drive. We are a bunch of engineers, designers, analysts, scientists, technicians, marketers and managers who are curious and love to build products. The technology of the future does not lag on any parameter than the technology of today. Battery of Dreams Far from the slick scooter that the company has today, Ather had humble beginnings in the incubator of IIT Madras. 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. 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. 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. For Hero, it is more of a strategic investment since it may have future plans to make electric bikes and scooters to join. The IIT-Madras incubated firm has been focussed on. The new investment was led by Sachin Bansal's $32 million, and his second with. But if challenging the. com/wp-content/uploads/2016/02/Ather_360_01. 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. Many members of the media have driven it and Ather has launched an experience centre in Bengaluru for prospective buyers to experience the bike. 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. Research and development is the backbone of industrial development and only those industries which invest in R&D will survive the competition generated by globalisation. Ather Energy is the brainchild of IIT graduates Tarun Mehta & Swapnil Jain and has received funding from Tiger Global and Flipkart founders Sachin & Binny Bansal. In December 2014, Ather received funding of US $1 million from Flipkart founders, Sachin Bansal and Binny Bansal. Ather Energy looks to raise Rs 200 Cr-Rs 300 Cr for its expansion plans: Report Tiger Global and Hero Motocorp backed Ather Energy plans to raise Rs 200 crore - Rs 300 crore over the next year to. 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. Ather Energy Private Limited is registered in Karnataka state only as per our database. In addition, Nick has ten years’ experience in Asset Management, Hedge Fund and the Third-Party Fund platform industry. 27% on a fully diluted basis) from 32. 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. Find latest news & updates, photos and videos about Ather Energy only on The Indian Wire. The last has a greater limit battery and a higher best speed. Flipkart Co-founder Sachin Bansal Invests Rs 223 Crore In Ather Energy's Latest Round of Funding. Called the S340, it also has. Fiat Chrysler-Renault merger stirs criticism in France. The smart electric two-wheeler startup, received its third round of funding, with previous investments from Tiger Global, Sachin and Binny Bansal - Flipkart's promoters - in their personal capacity. The good news is, about a month or two ago Ather Energy has released working models of their e-scooter, introduced in two variants named 340 and 450. AGL is committed to making a sustainable and positive contribution within the Macarthur-Hawkesdale region. Ather Energy is a start-up which unveiled India's first smart electric scooter in February 2016. Without providing breakup, Ather Energy in February this year told Automotive India News that it already witnessed the multiple fund raising of Rs 81 crore. Ather Energy was one of the earliest startup investments of Sachin Bansal when he invested $0. Ather Energy was founded in. Ather Energy also counts Flipkart co-founders Sachin Bansal and Binny Bansal among its investors. [Funding Alert] Ather Energy raises $51M led by Sachin Bansal. "In India, where the electric vehicle market is still nascent, there are some challenges before the hockey stick growth can start,” said Nishant, senior manager of Charging Infrastructure for Ather Energy. See the complete profile on LinkedIn and discover Swapnil's. In addition to this, InnoVen Capital has extended an $8 Mn venture debt. Apart from Bansal, Hero MotoCorp is the other investor in Ather Energy. 5 million as an angel investor in 2014. 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. 5 million in the firm as an. com - Kritti Bhalla Electric scooter manufacturer Ather Energy has discontinued its entry-level Ather 340 scooter due to low demand, the company announced through its …. Later around 1 Mn funding was raised from Flipkart founders Sunny Bansal and Binny Bansal. The new funding in Ather Energy was made by the country's largest two-wheeler maker Hero MotoCorp. 5 Mn in the firm as an. 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 Ather manufacturing plant is located in Whitefield, Bangalore. The funds raised. Ather Energy Pvt. At Ather, we believe in the superiority of an electric drive. Venture capital investors hitch a ride on mobility startups in India. Use the PitchBook Platform to explore the full profile. 7 PM to 7 PM. Funding and Investors. Read more IIT Madras students to launch Ather electric scooter in 2016. Bengaluru-based Ather Energy raised $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAAC Investments. The company has recently received funding from Flipkart founders and aims for a late 2016 launch for its first product. The scooter is designed in-house by Ather and will be manufactured in India. 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. On the new round of funding, Tarun Mehta, CEO and co-founder of Ather Energy said, "The funding is a. View all announcements for HERO MOTOCORP LTD. Ather Energy's latest funding round in May 2019 was reported to be $51 m. 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. 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. Farhaan Shabbir, former Director of Harley-Davidson, also joined the round. That's what Ather will use its funding for. Ather Energy raises Rs 355 crore in fresh funding, led by Rs 223 crore investment by Sachin Bansal. Manufacturer of next-generation electric two-wheelers designed to develop eco-friendly vehicles with modern features. 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. 1 two-wheeler maker Hero MotoCorp, Walmart partner Flipkart's founders and. Ather Energy, Bengaluru based electric scooter maker, closed an investment of $51 Mn in its latest round of funding, led by 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 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. Bengaluru based e-scooter manufacturer, Ather Energy Pvt. ET Startup Awards 2016: Ather Energy is building India's first smart electric scooter Students are wont to dream, they dream of building cars, scooters, rockets and satellites. Bengaluru-based start-up Ather Energy has announced that its flagship scooter Ather 450 has received a subsidy of Rs. Funding, clay models and a new design center! It’s been a great 2014 for Ather! Starting from a team consisting of just two, we have grown to seventeen now and the scooter has matured from a concept to a fully-functional prototype now. Ather Energy receives fresh funding; Hero MotoCorp invests Rs 180 crore. The funding marks the third round of investments in Ather Energy, which is building the S340 – India’s first smart, electric scooter. Get latest Projects news from India and South Asia, Get live Tenders from India, Projects, Power Projects, Gulf Projects, Tenders. We are a bunch of engineers, designers, analysts, scientists, technicians, marketers and managers who are curious and love to build products. 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. As far as EVs in India go – that is what Ather is striving towards. Ather Energy, India's first intelligent electric vehicle manufacturer was founded in 2013 by IIT Madras alumni, Tarun Mehta and Swapnil Jain. Ather 450 Electric Scooters Are Going To Be Cheaper By Rs. Ather’s Funding: Flipkart’s founders Sachin Bansal and Binny Bansal have taken a keen interest in Ather’s e-scooter project. Ather had built some vehicles and ran a few of them on the road for about 10,000 km. With the promise that the company showed, it managed to get hefty funding from Hero MotoCorp and Flipkart founders Sachin and Binny Bansal. This funding round was led by ex Flipkart co-founder Sachin Bansal. Ather energy was established in 2013 by Tarun Mehta and Swapnil Jain. "In India, where the electric vehicle market is still nascent, there are some challenges before the hockey stick growth can start,” said Nishant, senior manager of Charging Infrastructure for Ather Energy. Aether Investment Partners. 205 crores from Hero Motorcorp which is also one. #IITMStartup Electric Scooter manufacturer Ather Energy founded by IIT Madras alumni, raises $51 Million in #funding. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. I would definitely buy a motorcycle than a scooter. 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. 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. Ahmedabad based E-Vega Mobility Labs focusing on research and manufacturing high tech affordable electric 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. Hero Motocorp has yet again given Ather Energy a shot in the arm. Aether Energy is a fixed income debt manager and placement agent that specialises in clean infrastructure and social housing sectors worldwide. By launching only a scooter, there will be limited interest. Aided by a breakthrough in the in-house designed Lithium-ion battery pack design, the team is gearing up for a production of the S340, by the end of the year. Ather Energy raises $51M led by Sachin Bansal. 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. That gave it data that the studied to understand the problems. 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. Ather Energy has received $12m funding from Tiger Global, one of the world's leading venture capitalists. Today, the company raised an investment of $51 million in its latest round of funding, led by Flipkart’s. The new investment was led by Sachin Bansal's $32 million, and his second with. 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. 5 million in the firm as an Angel investor in 2014. Ather Energy, the electric two-wheeler company has announced a new invester in the form of Hero MotoCorp. Ather Energy Pvt. Mehta says, “This is when you start isolating systems and start to truly understand where the failures are happening. Ltd, which makes smart electric scooters, raised $40 million (Rs 279 crore) through a mix of equity and debt. Ather Energy was one of the earliest start-up funding of Sachin Bansal when he invested $0. Our primary sectors include oil and natural gas, metals and minerals and agriculture and timber. The new plans will offer more flexibility to the customer to choose services of their choice based on their usage. It was founded in 2013 and has received funding from Hero MotoCorp, Tiger Global and Flipkart founders Sachin & Binny Bansal. 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. Ather Energy is the brainchild of IIT graduates Tarun Mehta & Swapnil Jain and is among the few hardware start-ups in India. Inc42 Media. The S340 is powered by a lithium-ion battery, and is built on an aluminium frame. Ather Energy, which designs and sells electric two-wheeler vehicles in the Indian market, was founded in 2013 by Swapnil Jain and Tarun Mehta. The round was. India's first intelligent electric scooter manufacturer, Ather Energy managed to raise an investment of about 51 million dollars in its latest round of funding, earlier this year. Ather Energy has also been funded by Tiger Global and. Ather Energy, a Bengaluru-based start-up, currently designing a smart electric two-wheeler, has received $12 million (around Rs 75 crore) in funding from Tiger Global. 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. Name of the target entity, details in brief such as Target Company- Ather Energy Private size, turnover etc. cofounder @ather energy. Curated for curious tech lovers, the Ather S340 is a no compromise electric vehicle with a smart connected dashboard. Ather Energy has a team of passionately curious creators who love building things. View all announcements for HERO MOTOCORP LTD. ET Startup Awards 2016: Ather Energy is building India's first smart electric scooter Students are wont to dream, they dream of building cars, scooters, rockets and satellites. Companies Using Google Analytics In India. 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. Co is building India's first intelligent electric scooter and an electric vehicle charging network - AtherGrid. 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. 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. Aether Investment Partners. The startup, Ather Energy, had launched the EV scooter lease project as a pilot in January. The manufacturer recently raised Rs 354 crores funding. is an automobile design and manufacturing company founded in the year 2013 by IIT Madras graduates – Tarun Mehta and Swapnil Jain. The round was led by early backer Sachin Bansal, the co-founder of Flipkart, who invested $32 million. Ather Energy has signed an MoU with Godrej Nature's Basket for a pan-India association that will see the company set up its charging points at various outlets of the grocery and fresh-food store. By launching only a scooter, there will be limited interest. 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. The Ather 340 was revealed as the company's entry-level model. 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 had built some vehicles and ran a few of them on the road for about 10,000 km. V Srinivasan (founder, Aerospike – himself a pioneer of databases in the Silicon Valley) and the Technology Development Board, GoI. com provide a national and local weather forecast for cities, as well as weather radar, report and hurricane coverage. It was founded in. It was founded in 2013 and has received funding from Hero MotoCorp, Tiger Global and Flipkart founders Sachin & Binny Bansal. Subscribe to stay connected with the latest. In addition to the equity round, Ather Energy said it has also raised $8 million in debt from venture debt firm Innoven Capital. Battery of Dreams Far from the slick scooter that the company has today, Ather had humble beginnings in the incubator of IIT Madras. 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. The Indian start-up is working on an electric two-wheeler and says the money will be spent on the development, testing, production and ultimately the launch of its first smart two-wheeled EV called Ather S340 in 2016.