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Indian electric scooter start-up Ather Energy has raised an investment of $51 million in its latest round of funding. The new investment was led by Sachin Bansal's $32 million, and his second with the electric mobility company after coming on board as an angel investor with $0.5 million in 2014. In addition to Bansal, Hero MotoCorp has converted its convertible debt of $19 million as a part of this round, while InnoVen Capital has extended an $8 million venture debt.
Ather Energy Secures New Investment Of $51 Million In Latest Round Of Funding
Calender
May 28, 2019 11:15 PM
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Indian electric scooter start-up Ather Energy has raised an investment of $51 million in its latest round of funding. The new investment was led by Sachin Bansal's $32 million, and his second with the electric mobility company after coming on board as an angel investor with $0.5 million in 2014. In addition to Bansal, Hero MotoCorp has converted its convertible debt of $19 million as a part of this round, while InnoVen Capital has extended an $8 million venture debt.
Electric Bikes Proposal For Indian Market Has Challenges, Say Observers
Electric Bikes Proposal For Indian Market Has Challenges, Say Observers
calender
May 27, 2019 09:32 PM
The proposal to make most two-wheelers electric by 2025 will need accelerated product development, across segments by two-wheeler manufacturers, but will also require localisation of the supply chain for the new technology.
Bajaj Urbanite Electric Scooter Spotted Testing
Bajaj Urbanite Electric Scooter Spotted Testing
calender
May 24, 2019 10:43 PM
Images of what appears to be the upcoming Bajaj Urbanite electric scooter, have recently surfaced online. Expected to be sold under the Pune-based two-wheeler maker's new Electric Vehicle (EV) brand Urbanite, the prototype model was seen undergoing testing somewhere in Pune.
Government Think Tank Proposes Electrifying Motorbikes, Scooters In 6-8 Years: Report
Government Think Tank Proposes Electrifying Motorbikes, Scooters In 6-8 Years: Report
calender
May 23, 2019 07:33 PM
The Indian government's leading think-tank has proposed electrifying most motorbikes and scooters within the next six to eight years to curb pollution and reduce dependency on fossil fuels.
Ather Energy Begins Setting Up Fast Charging Infrastructure In Chennai
Ather Energy Begins Setting Up Fast Charging Infrastructure In Chennai
calender
May 16, 2019 10:58 PM
Ather Energy forays into Chennai and begins setting up fast charging infrastructure.
Triumph's First Electric Motorcycle Will Be The TE-1 Project
Triumph's First Electric Motorcycle Will Be The TE-1 Project
calender
May 16, 2019 07:34 PM
The TE-1 project will develop an electric drivetrain that could be used in multiple electric bikes, rather than focus on just one model.
Ola Aims To Deploy 10,000 Electric Two And Three-Wheelers In India By March 2020
Ola Aims To Deploy 10,000 Electric Two And Three-Wheelers In India By March 2020
calender
May 13, 2019 08:19 PM
India's Ride-hailing service provider Ola is reportedly betting big on two and three-wheelers for its electric mobility drive. In fact, the company is expected on deploying 10,000 electric vehicles (EVs), a mix of two and three-wheelers, in India by March 2020.
Ather 450 To Receive A Subsidy Of Rs. 27,000 Under Fame II
Ather 450 To Receive A Subsidy Of Rs. 27,000 Under Fame II
calender
May 10, 2019 05:28 PM
Ather Energy is one of the first auto companies in India to design and build its scooters and charging infrastructure locally.
Ather Energy Announces Plans To Enter Chennai In June 2019
Ather Energy Announces Plans To Enter Chennai In June 2019
calender
Apr 26, 2019 03:20 PM
The company has announced free charging at Ather Points for all electric vehicles for the first 6 months. Ather's electric and intelligent scooters bring ease of access and convenience to their owners by allowing them to identify charging point locations and their real time availability through the Ather Grid app.