IPO-bound Ather Energy opens new facility to boost R&D and testing capablity
3 weeks, 5 days ago

IPO-bound Ather Energy opens new facility to boost R&D and testing capablity

Live Mint  

Bengaluru: IPO-bound electric two-wheeler maker Ather Energy Ltd on Thursday announced the expansion of its research and development and testing capabilities with a third facility in Bengaluru. Ather’s new facility has equipment for targeted testing of systems like suspension frames, enabling early bug detection, faster design optimization, and lower change costs. Ather’s battery packs are tested under real-world load conditions, including temperature testing, mechanical drop testing, and extreme vibration testing, and are certified IPX7 waterproof and AIS 156 compliant, Ather said. “Our products go through rigorous tests that are designed around Indian riding conditions and extreme usage scenarios, reflecting how customers use our scooters.” Ather has three R&D facilities in Bengaluru covering various functionalities such as design, development and testing of its electric two-wheelers, software for its scooters, charging infrastructure, and accessories.

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Ather Energy gets SEBI nod for fundraise via IPO launch. Details here
2 months, 3 weeks ago

Ather Energy gets SEBI nod for fundraise via IPO launch. Details here

Live Mint  

Ather Energy, the electric two-wheeler manufacturer, has received final approval from capital markets regulator Securities and Exchange Board of India to float its initial public offering. According to the company’s Draft Red Herring Prospectus filed in September this year, Ather Energy IPO will be a combination of fresh issue of equity shares worth ₹3,100 crore, and an offer-for-sale of 2.2 …

Ather Energy Files IPO Papers with Sebi; Eyes Rs 3,100 Crore Via Fresh Issue
6 months, 2 weeks ago

Ather Energy Files IPO Papers with Sebi; Eyes Rs 3,100 Crore Via Fresh Issue

News 18  

Electric two-wheeler maker Ather Energy on Monday filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering. Those selling shares in the OFS are — Caladium Investment Pte Ltd, National Investment and Infrastructure Fund II, 3State Ventures Pte Ltd, IITM Incubation Cell and IITMS Rural Technology and Business Incubator among others. Proceeds from the …

Ather eyes higher sales, to double production by Mar
2 years, 3 months ago

Ather eyes higher sales, to double production by Mar

Live Mint  

Electric two-wheeler makers in India are looking to increase sales, and grow their distribution networks, on the back of easing supply chain pressures. It is also planning to more than double its capacity to 20,000 units a month by March from the existing 8,000-9,000 units, said Ather chief executive officer Tarun Mehta. “We are looking to ramp up to 15,000 …

Ather Energy plans to open 150 Experience Centres in 100 Indian cities by 2023
2 years, 6 months ago

Ather Energy plans to open 150 Experience Centres in 100 Indian cities by 2023

Hindustan Times  

Bengaluru-based electric scooter startup Ather Energy plans to open 150 Experience Centres in 100 Indian cities by March 2023, the company said on Tuesday. Ather Energy currently has 49 retail outlets in 38 cities, including Delhi, Chennai, Bengaluru, Kochi, Jaipur and Mumbai, in the country. The new retail outlet is located at the Old Mahabalipuram Road and Ather Energy would …

Building a greener future: 5 Indian startups working to battle climate change
2 years, 9 months ago

Building a greener future: 5 Indian startups working to battle climate change

Live Mint  

As people from across the globe come together today to commemorate the World Environment Day by cleaning up beaches, planting trees, and holding marches in an effort to revive what environment advocates say is a planet on the precipice, these startups have taken their businesses a notch upwards with cleaner practices. On World Environment Day, here's a look into five …

Ather Energy to Set Up New Manufacturing Plant, Up Production to 4 Lakh Electric Scooters
3 years, 3 months ago

Ather Energy to Set Up New Manufacturing Plant, Up Production to 4 Lakh Electric Scooters

News 18  

Hero MotoCorp-backed electric two-wheeler maker Ather Energy has said its plans to set up its second manufacturing facility, which once commissioned in 2022, will expand its capacity to 4-lakh vehicles per year from 1.20 lakh units at present. Apart from EV manufacturing, the new manufacturing unit will also focus on lithium-ion batteries, which is a key focus area for Ather …

Ather Energy invites dealer partners to expand operation
5 years, 2 months ago

Ather Energy invites dealer partners to expand operation

Live Mint  

Bengaluru-based electric scooter manufacturing startup Ather Energy on Friday announced that it will expand its experience centres known as Ather Space in tier-one cities such as Mumbai, Hyderabad, New Delhi and Pune. Following the footsteps of traditional automobile manufacturing companies, the startup has invited dealer partners who would help expand its operations by setting up experience centres. The company currently …

Ather Energy begins delivery of its electric scooters
6 years, 6 months ago

Ather Energy begins delivery of its electric scooters

Live Mint  

Bengaluru: After five years of being in existence, Bengaluru-based startup Ather Energy Pvt. Ltd today delivered the first batch of its electric scooters from its Whitefield assembly plant to a select few customers in the city. Ather Energy expects to have by June 2019 6,000-8,000 bookings for its electric scooters from Bengaluru city alone. Ather Energy had until now followed …

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