Page 3 - Ather Energy

EV maker Ather Energy's revenue jumps 4.4 times, loss 2.5 times in FY23

The company is not expecting to achieve profitability this year due to the recent changes made by the government in the subsidy regime

Ola Electric versus Ather: How their strategies are starkly different

Bhavish Aggarwal of Ola and Tarun Mehta of Ather appear to have a lot in common, until you see the sharp strategic differences

Govt tells Ola, Hero Moto, TVS, Ather to pay customers Rs 278 cr by Nov

Move underscores Centre's resolve to ensure compliance with subsidy norms and protect interests of consumers

Ather Energy to make net profit in 24 months, plans to raise more funds

The company is raising funds to help set up a new factory and strengthen R&D

Skilling start-up Disprz gets $30 mn in Series-C funding from Lumos, others

Established in 2015, Disprz's client base includes firms like ICICI Bank, Amazon, Indian Oil, Bajaj Allianz, Ather Energy, HDFC Life, and Starbucks, among others

Ather Energy partners with BPCL to expand charging infrastructure

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 of over 21,000 fuel stations across the country, facilitating the installation of Ather's public fast-charging grid. Ather already has more than 1,400 chargers across 100 cities. "Our partnership with BPCL builds the momentum even further to create a widespread, nationwide fast-charging network," Ather Energy Chief Business Officer Ravneet Phokela said in a statement. As electric vehicle adoption continues to grow, the company believes that strategic alliances like these play a crucial role in making charging infrastructure more accessible, he added.

FAME subsidy cut, subsequent price hike take e-scooter sales down 61% MoM

The dip in sales has come after electric two-wheeler manufacturers hiked the prices of their products by 15-18 per cent

iPhone maker Foxconn to start making electric vehicles in India: Report

The company is keen on setting up its plant in Maharashtra but due to some challenges, it may consider Tamil Nadu as its auto manufacturing hub

Focusing on budget-oriented buyers, Ather to launch 450S to gain mkt share

The new electric scooter is likely to miss on features like the 7-inch TFT touchscreen and auto-hold. The feature of riding modes may also be omitted to bring costs down

After Ola, three others to repay customers for 'off-board charger'

All the three electric two-wheeler manufacturers have written to the ministry of heavy industries on Wednesday expressing their willingness to repay customers

Ola Electric and Ather Energy's e-scooter prices to include the charger

The two companies are complying with a direction from the Department of Heavy Industries, which said failure to do so could result in the suspension of the subsidies they receive on each scooter

Indian electric scooter maker Ather installs over 1000 fast-charging units

The Ather Grid App allows scooter owners to locate and check the availability of the nearest charging stations in real-time

Ather Energy aims to install 2,500 charging stations by this year-end

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 in the country. The Ather Grid (charging station) is today the biggest fast-charging network for two-wheeler EVs in the country with 60 per cent of current installations in Tier-II and Tier-III cities, the Bengaluru-based company said in a statement. "A robust charging infrastructure is one of the major drivers in accelerating faster adoption of electric vehicles. As a brand focused on building a vibrant EV ecosystem, we have made strong investments in building what is already India's largest public fast-charging network," Ather Energy Chief Business Officer Ravneet Phokela said. The company is accelerating its scale up, and also adding Neighbourhood Charging - a charging solution focused on semi-private spaces such as apartment ..

Ather Energy plans to build new EV facility, produce 1 mn more 2-wheelers

Ather Energy said it is talking with several state govts for establishment of a factory to meet the demand as adoption of electric two-wheelers stabilises following several fire mishaps last year

Move to block Rs 1,100 crore subsidy for EV players arbitrary, says SMEV

Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations

Top Headlines: No census before LS polls, HUL's health and wellbeing foray

Business Standard brings you the top headlines at this hour

Ather Energy, Greaves Cotton exit EV association SMEV, choose Siam

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol

Top Headlines: Economic survey in Jan, railways' coal projects, and more

CEA V Anantha Nageswaran is looking to put his stamp on his first Economic Survey, and to that end, the 2022-23 Survey, which will be released on January 31

Ather Energy takes on Ola, Okinawa, opens second manufacturing facility

Firm is in also in talks with various state govts to set up a third plant, which when completed, is likely to have a capacity of a million units a year

Ather Energy may venture into making electric motorcycles: Co-founder

'It took us a long time because we started at a time when nobody even believed that electric vehicles would become possible. It was an uphill battle for us'