Page 4 - Ather Energy

EV company Ather Energy lines up aggressive expansion plan in Tamil Nadu

Electric two-wheeler maker Ather Energy on Sunday said it has drawn up plans to set up 150 fast-charging grids in Tamil Nadu by the end of the current financial year. The company recently inaugurated its first experience centre in Salem under its move to expand retail footprint in the state. With the inauguration of the experience centre, Ather Energy has nine retail stores in Tamil Nadu. "There are plans to expand its retail footprint to 15 stores and add 150 fast-charging grids in the state by the end of current financial year," a company statement said here. "Ather Energy has experienced an encouraging response from across the state for its scooters. With a high rate of EV adoption and growing acceptance for high-end electric two wheelers, Tamil Nadu is an important market for Ather Energy," chief business officer Ravneet Singh Phokela said. "We have created an electric vehicle that is efficient, high quality and reliable from the ground up and have invested strategically in the

Smart home appliances start-up Up raises $1.3 mn in pre-seed funding

Start-up's device assists people with no cooking experience by listing recipes, nutrition information

Tesla's former India policy chief to join e-scooter start-up Ather

Manuj Khurana, who quit his post as Tesla's local head of policy and business development in June, will start next week at Ather Energy

Hero Electric to invest Rs 2,500 crore to launch 4 million units by 2026

The first stage of investment will roll out this year for a new factory in Rajasthan, where vendor units will invest another Rs 400 crore

Q2 results: Hero MotoCorp net profit falls 9% YoY to Rs 682 crore

Hero MotoCorp's consolidated net profit fell by 8.63 per cent YoY to Rs 682.28 crore in the second quarter of FY23 amid weakening rural demand

Zooming ahead: 68,324 two-wheeler EVs sold in Oct, highest in 2022

ICE two-wheeler registrations have grown even faster than electric vehicles month-on-month following a definite slowing down in the last few months

Pricing hurdle may hit Hero MotoCorp's entry into EV segment: Brokerages

Volume trajectory in the festive season is a key near-term trigger

EV maker Ather Energy raising up to $250 mn to march past rivals: Report

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

Sharp rise in e-scooter registrations, penetration close to inflexion point

Ather Energy leads with a 4x increase in registrations in August; Hero Electric crosses the 10,000 mark once again, after a gap of over four months

Ather Energy plans to open 150 Experience Centres across India by Mar '23

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 outlet was inaugurated on the Old Mahabalipuram Road (popularly known as IT Corridor) and would sell the company's latest flagship products 450X at Rs 1.57 lakh and 450 Plus at Rs 1.35 lakh (ex-showroom) Chennai. Ather Energy has 49 retail outlets in 38 cities. The company plans to expand to 100 cities with 150 Experience Centres by March 2023, a company statement said here. "Tamil Nadu has emerged as a hub of electric vehicle manufacturing in India and Chennai is one of the key markets for Ather in the state," company chief business officer Ravneet S Phokela said. "We are confident that the improved Ather 450X will attract more EV enthusiasts in the city and the new experience centre will help us cater to this rising demand," he said. The new Experience Centre has been launched in ...

EVs going mainstream, fire incidents will help industry mature: Ather CEO

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

e-Scooter maker Ather says high costs pushing back profit timeline

Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path to profit despite high demand for its vehicles

Electric vehicles brace for trial by fire as firms remain optimistic

Between January-June, the eight players registered collectively a total of 212,000 electric scooters

Will cross $1-bn revenue run rate by year-end, predicts Ola Electric

The SoftBank-backed electric vehicle firm said it has surpassed Rs 500 crore revenue in its first two months of FY 22-23, and is on track to surpass the $1 billion revenue run rate by end of this year

Rare structural breach in scooter battery packs caused fire: Ather Energy

The EV maker said the scooter in question had been brought to the Nungambakkam facility for service after an accident

Fire breaks out at EV maker Ather Energy's Chennai facility; cause unknown

A fire broke out at electric scooter manufacturer Ather Energy's experience centre in Chennai

Ather Energy to set up 8 more retail stores in Kerala to expand presence

The company said it has also been talking to prospective retail partners in these markets and has already begun locating spaces to set up its fast EV charging network -- Ather Grid

India can't be scoffed at by global chipmakers: Ather Energy's Tarun Mehta

'We are clocking a revenue of over Rs 100 crore a month. We hope to double that number in 2022-23', said Mehta

Ather Energy raises $128 mn led by NIIF's SOF, Hero MotoCorp & others

While the move does not put Ather Energy in the unicorn club, it definitely brings it within striking distance

E2Ws on a brake: Serial fires, chip shortage may slow the pace of growth

April saw the first month-on-month drop in registrations, after a 58 per cent jump in March