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Ather Energy

Ather Energy is an electric vehicle company that manufactures electric scooters and has also established one of the fastest electric vehicles charging infrastructure Ather Grid, which was built and designed in India.
Ather Energy is an electric vehicle company that manufactures electric scooters. It has also established one of the fastest electric vehicles charging infrastructure Ather Grid, which was built and designed in India. It manufactures the electric scooter Ather 450X and the Ather 450 Plus. Ather Energy began operations at its brand-new production facility in Hosur, Tamil Nadu, on January 2, 2021, prior to which the facility was located at Whitefield, Bangalore. The new Ather factory has an annual capacity of 1,10,000 scooters and 1,20,000 battery packs. In December 2014, Flipkart founders, Sachin Bansal and Binny Bansal invested $1 million as the seed capital.
  • Mobility / Transportation
  • Technology
  • Automotive
    HEADQUARTERS
    Bangalore, Karnataka, , India
    COMPANY SIZE
    501 to 1000
    FOUNDED
    Feb 2013

    Awards

    Awards and Recognitions
    10
    A YourStory list of startups that made the news this year for all the right reasons.
    In May 2019, Ather raised $51 million in Series C funding round led by Sachin Bansal and InnoVen Capital. Bengaluru-based Ather said it intends to utilise the fresh capital in setting up a new manufacturing facility that can produce one million EVs annually. It will also open 6,500 Ather Grid charging points across the country in the next five years. The startup is looking to expand beyond Bengaluru, and has opened pre-orders in Chennai this year. By 2023, it will further scale up its presence in 30 cities across the country. Reports project that Ather Energy to hit 1 million in scooter sales of by 2023. One of India’s largest EV startups, Ather is also building newer products. With over 51 patent applications, 113 trademarks, and 123 design registrations to its name, its current valuation is estimated to be about $400 million. Its current products, the Ather 340 and Ather 450, are priced at Rs 1.1 lakh and Rs 1.3 lakh, respectively.

    Funding

    Funding Rounds and Investors
    SERIES-F
    $109M
    Investors
    Hero MotoCorp, GIC
    5th Sep 2023
    SERIES-E
    $48.67M
    Investors
    Caladium Investments, Herald Ventures
    18th Oct 2022
    SERIES-D
    $35M
    7th Nov 2020
    SERIES-B
    $27M
    Investors
    Hero MotoCorp
    Oct 2016
    SERIES-A
    $12M
    Investors
    Tiger Global Management
    May 2015
    SEED
    $1M
    Investors
    Binny Bansal, Sachin Bansal
    Dec 2014