Experience in Refinery Finance. Fundraiser, morale keeper and day to day organisation manager who turns into a board game wizard by night. Ather Energy is funded by 6 investors. HeroMotoCorp Ltd and HeroMotoCorp Ltd are the most recent investors. Ather Energy has raised a total of $158.8M in funding over 6 rounds. Their latest funding was raised on Jan 14, 2022 from a Series D round. Purpose of Funding for Ather Energy . Ather Energy CEO Tarun Mehta has said that its a stupid market after a Twitter user wondered why Ather, which has been producing electric bikes for several years, is valued The latest round valued the company at a nearly $1B post-money. Despite this being the startups Series E round, having raised $225 Mn till date, Ather Energys valuation is still shy of the $1 Bn mark. Download. Ather Energy has raised $128 million from the National Investment and Infrastructure Fund Limiteds Strategic Opportunities Fund, Hero MotoCorp and additional investors, in its latest round of funding. 
Vecino Energy Partners is funded by EnCap Flatrock Midstream. 1 in8568z01014 uravi t and wedge lamps ltd#fully paid up equity ather energy pvt ltd#0.001%dv unsec non cum part non red full & comp conv prf sh sr-c1-rd dt27.07.40 union gilt fund-direct plan-growth computer age management services ltd open ended mutual fund 10/- 19-jul-22 Ather has been an early mover in the electric two wheeler space, and has The Technology Development Board of IIT-M and Srini V Srinivasan, IIT alumnus and founder of Aerospike had Ather received this funding from National Investment and Infrastructure Fund (NIIF) and existing investor Hero . Ather registered the highest ever monthly sales in April 2022 delivering 3,779 units. Electric scooter maker Ather Energy has raised $128 million in a funding round led by National Investment and Infrastructure Fund (NIIF) and existing investor Hero MotoCorp. Startup Jobs; Ather Energy raises $128 million from Hero MotoCorp, NIIFL Athers valuation stood at $591 million as on Jan 27, 2022, as per Tracxn, a platform that tracks startups and It features a larger battery, new tyres, updated software, and Ather Grid charging network. EquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies These Ather Energy Growth Marketing Strategies can increase their revenue by 2x or many folds. 21B7BF8D-4CAA-470F-914E-7D85FBF51E77. However, Mehta says the NIIF investment is a major shot in the arm for the company, as the sovereign's fund's maiden investment into manufacturing is also India's first design-led electric-two-wheeler maker. Download. Ather Energy, based near Bengaluru, has raised $128 million in a new investment round led by sovereign wealth fund National Infrastructure Investment Fund Ather has raised a total funding of $338.9 million in the past few years. Ather Energy taps NIIF, Hero MotoCorp. Register. Tiger Global Management, Sachin Bansal, Binny Ather Energy has a team of passionately curious creators who love building things, preferably those that haven't been built before! The deal means that the six-year-old startup has raised around $90 million to date. Ather Energy closed its last funding round on May 12, 2022 from a Series E round. For auto industry insiders, Venkatesh Padmanabhan is a familiar name. November 08, 2020, 09:01 IST. The Ather Grid network spans across 39 charging points in Bengaluru and 14 charging points in Chennai. Fortune India, India's leading business magazine provides you all the important information on Ather Energy Funding. Ather Energy, Indias leading electric scooter manufacturer, today announced the appointment of two key leaders on the manufacturing and supply chain side as the company embarks on its next phase of growth. With the Ather received this funding from . Ather Energy, one of the leading electric two-wheeler companies, has raised $128 million in Series E round of funding led by National Investment and Infrastructure Fund July 18, 2022. atherenergy.com Transportation Founded: 2013 Funding to Date: $102MM. Ather Energy Raises $128 Million In Series E Funding From NIIFL, Hero MotoCorp & Others: Ather Energy is off to a strong start in the new fiscal year. MUMBAI: Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Saturday said it has raised funds to the tune of $35 million in a Ather Energy, an electric two-wheeler maker, has secured Rs 130 crore in debt funding led by existing investor Hero MotoCorp. Ather Energy will use this funding for expansion and to set-up manufacturing units. The scooter can accelerate to 40 km/h in 3.9 seconds, attain a top speed of 80 km/h, and can travel 75 km on one charge in city-riding conditions (107 km in the Indian driving cycle).. Ather Energy also offers an upgraded 12 Age (years) $103M Total Funding. The new vehicle will be priced at Rs 155,657 ex-showroom in Bengaluru. MODEL 1 Ather 450 [1] (not on sale anymore) Introduction: Has a complete cast aluminium body with a top speed of 80km/hr; Can go from 0-40kmph in 3.9 sec; Powered by 5.4 kW BLDC motor and 2.4 kWh Li-ion battery pack; In the city scenario, it gives a range of 75km; The motor provides an Ather Energy, one of Indias first intelligent electric scooter manufacturers, has raised an investment of US $35 million (Rs 260 crore) 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. Recently, leading Electric Mobility brand Ather Energy. Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Saturday said it has raised funds to the tune of $35 million in a funding round led by Flipkart co-founder It will cost Rs 5,000 more than the previous version of 450x Deal Type Date 0. Ather Energy Stock. Ather Energy: total Funding$137.2 m: Ather Energy: latest funding size$35 m: Time since last funding: 2 years ago: Ather Energy: investorsTiger Global Management, Sachin 2 min read . Hero MotoCorp-backed electric two-wheeler manufacturer Ather Energy has announced that it has raised just over USD 35 million in its latest funding round which was led by Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path This Ather Energy is backed by Hero MotoCorp, NIIF, Sachin Bansal, Binny Bansal, Tiger Global, InnoVen Capital, and others. Curated for curious tech lovers, the Ather S340 is a no compromise electric vehicle with a smart connected dashboard. Read latest News Articles, updates on Ather Energy Funding. The new investment increases Hero's stake in Ather to 34.58 per cent, up from the previous 31.27 per cent. Ather Energy, an Indian electric vehicle company, completed with $51 million in a new financing round. Both EV and fossil businesses! The aggregate got a further boost of $35 million a few days ago when the Hero MotoCorp-promoted scooter maker Ather Energy announced the successful completion of their Ather Energy plans to use these funds to expand manufacturing facilities, invest in research and development and charging infrastructure, and grow its retail network. The It is classified as a private limited company and is located in Bangalore, Karnataka. In November 2020, Ather raised $35 million in its Series D funding round. Electric scooter maker Ather Energy said it has raised $128 million in funding even as its rivals struggle to contain the fallout from a spate of recent EV fires and battery explosions. Ather Energy, one of Indias leading electric two-wheeler company, today announced completion of its Series E round of funding with signing of investment agreements amounting to $128 million with National Investment and Infrastructure Fund Limiteds (NIIFL) Strategic Opportunities Fund (SOF), and Hero MotoCorp, a significant shareholder of Ather, and - Analysis of crude movements and calculating daily GRMs. Its competitor Ola Electric is valued at over $5 billion. 12th May, 2022. Ather Energy was incubated in IIT Madras back in 2013. The company has also stated that bookings for the 450X are growing at 25% quarter-on-quarter. When IIT Madras graduates Tarun Mehta and Swapnil Jain started Ather Energy in 2013, they were betting that electric vehicles were inevitable, recalls Mehta. About. Ather Energy Co-founder & CEO Tarun Mehta has minced no words when it came to commenting on the valuation of Ather Energy, when compared to Ola Electric. Ather Energytotal Funding. 3. Intelligent vehicles will revolutionize our commute experience in the future and the Ather 450 stands at the cusp of this exciting reality. Being a sovereign fund, they are far more patient, understand long-term value creation and are driven by more secular trends. Often called as Indian Tesla by a motor enthusiast in India due to its characteristics like fast and smart technology, driven amazingly well, tech-laden, cheap to run, low on maintenance, fantastic customer service, and just happen to be electric Ather Energy is currently the talk of the town. A user posed the question on social media on how Ather Energy with all the engineering, tech, manufacturing capability and cool intellectual property is valued at just 1/25th of a newcomer like Ola Electric, Ather Energy is a start-up which unveiled India's first smart electric scooter in February 2016. The fresh funding round is meant to more than double manufacturing capacity, and drive growth. With the current round, Ather Energy's total funding stands at $286 million at the valuation of $591 million (as of January 27, 2022), research firm Tracxn data shows. Apart from Hero Motocorp, the Bengaluru-based Ather Energy is backed by the founders of Flipkart -- Sachin Bansal and Binny Bansal -- and Tiger Global. Electric-vehicle manufacturers globally have seen a spike in demand as more people shift to cleaner transport, but a sharp increase in commodity prices and severe supply chain Ather Energy plans to use the funding to expand manufacturing facilities, invest in research and development, charging infrastructure and grow its retail network. Details of all the funding and investors of the company are as follows: $1 M Seed Round, Dec 3, 2014; $12 M Series A Round, Tiger Global Management, May 29, 2015; $27 M Series A Round, Hero MotoCorp Ltd, Oct 27, 2016 After revealing that the Ather 450X and 450 Plus sold 3,779 units in April, the highest monthly sales in the companys history. Ather Energy plans to use the funding to beef up its supply chain capabilities to scale from 5,000-6,000 units per month to over 30,000 units, expand its We manufacture two scooter models at present - 450 and 450X. NEW DELHI, Jan 28 (Reuters) - Ather Energy, India's top electric scooter maker by revenue, is raising funds to ramp up annual production to one million scooters over the NEW DELHI (Reuters) - Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path to As per the latest report Ather Energy is opening pre-orders in Chennai in the coming weeks, and eventually scaling to 30 cities by the end of 2023. Anand Murali July 11, 2017 16 min. Electric vehicle (EV) maker Ather Energy on Tuesday launched the third-generation variant of its flagship scooter Ather 450x, with a bigger battery, new tyres, software changes and minor updates like newer mirrors and a bigger boot space. Including the current round of funding, Ather Energys total funding now stands at USD286 million, against a valuation of USD591 million, according to sata from research firm View information about the Ather Energy funding at AngelList! The electric two-wheeler manufacture is planning for rapid Information on valuation, funding, cap tables, investors, and executives for Ather. The scooter can accelerate Find out about the total amount raised, the number of rounds, and other funding information from Ather Energy. He will be crucial in scaling up Ather Energys manufacturing to 400,000 units and beyond from the existing capacity of 120,000 units. Ather Energy sold 3,779 units in April 2022, its highest ever monthly sales over strong bookings for its flagship product Ather 450X e-scooter. Ather Energy Private Limited is an unlisted private company incorporated on 21 October, 2013. Ather Energy is backed by Hero MotoCorp, NIIF, Sachin Bansal, Binny Bansal, Tiger Global, InnoVen Capital, and others. Electrical devices for grid power flow control. Ather Valuation & Funding. Ather Energy begins retail operations in Jaipur. face value (`) activated on. 27th July, 2021. Electric scooter manufacture company Ather Energy has raised $128 million in series E funding round from National Investment and Ather Energy plans to use the funding Tarun Mehta, Co-Founder & CEO Ather Energy told Mint the company's valuation is "still playing catch-up" and is "not a unicorn yet". 07/24/2020 2:50 AM. It's authorized share capital is INR 77.92 lac and the total paid-up capital is INR 57.99 lac. Thus, Ather Energy spent Rs 4 to earn a single rupee of operating revenue, improving by 47.4% from Rs 7.61 spent to earn the same during FY20. The company raised $128M in a new round on May 12, 2022. We have also established an electric vehicle charging The tech start-up received its first seed fund of US $1 million in late 2014 from Flipkart founders Sachin Bansal & Binny Bansal and Raju Venkatraman of Medall Healthcare A user posed the 84 crore ($11 million) by Hero MotoCorp, as an extension of its Series C round of funding that was led by Sachin Bansal. Ather Energy introduces its first Impact Report, reiterating its commitment to social, environmental, and economic sustainability. Of the total amount, Hero MotoCorp invested $56 mn as it deepens its In 2019, when Ather raised $51 million from a clutch of investors, the deal valued the company at Rs 2,800 crore. Although Ather Energy is doing exceptionally well in the markets given how new they are, they still have to face their own share of challenges. In the last year alone, Ather Energy has witnessed 800 percent growth in sales. Bengaluru-based electric mobility start-up, Ather Energy has announced a fresh investment of Rs. Ather Energy releases its sales report for January 2022. 23 Sep'20 | By Kritti Bhalla. Due to the supply Recently, Ather Energy raised $128 million (Rs 991 crore) in a funding round led by National Investment and Infrastructure Fund (NIIF) and Hero MotoCorp where a The third-generation version of Ather Energy's flagship scooter, the Ather 450x, was unveiled on Tuesday. announced that it has raised $128 million. This brings Ather's total funding to $286.8M to date. Ather Energy Funding and Investors. Ather Energy was valued at about $400 million in the new round, a person familiar with the Ather Energy raises $35 million in funding round led by Sachin Bansal. Ather Energy is a builder of intelligent electric scooters and AtherGrid is their established Use the PitchBook Platform to explore the full profile. Ather Energy record a 4x growth in its revenue to INR 48.8 Cr but with over 2X rise in expenses, its losses also widened in FY20. In FY21, the company It wants to scale from 5,000-6,000 units per month to over 30,000 units. The Ather 450 is constructed using an all-aluminium frame, comes with a 5.4 kW (7.2 BHP) Brushless DC electric motor, and a 2.4 kWh lithium-ion battery pack. EV platform Ather Energy, GoKwik, an e-commerce enablement platform, SaaS platform SirionLabs, and other startups & venture capital raised funding in this week.. EV platform Ather Energy raises $128 mn in Series E funding. Now, the duo has a close-to-commercial electric scooter, called the Ather 340, which they hope to start selling later this year. Ather Energy plans to use the funding to ramp up its supply chain capabilities. Ather Energy has built India's first intelligent electric scooter. Ather Energy raises $35 million in funding round led by Sachin Bansal Premium Sachin Bansal has been working closely with Ather Energy and was among the first customers to Ather Energy. Follow 5 easy steps to download the balance sheet of ATHER ENERGY PRIVATE LIMITED: 1) Search for the company you require in the Tofler search bar 2) Select the financial Press Release. Ather Energy has received a sanction letter from Hero FinCorp Limited [an associate company of Hero MotoCorp] for a loan amount of Rs 130.00 crore, regulatory filings show. The company has plans to expand the network and set-up 6500 EV charging Points in 30 cities by 2023. Interested in Energy Sector finance especially in Planning, Pricing & Analysis, Treasury & Commercial functions. The company raised $128M in a new round on May 12, 2022. $137.2 m. Ather Energylatest funding size. -. Press Releases. Ather Grid, solves the critical need of public charging of electric vehicles. 2 years ago. The journey started of Ather started when the revolutionary startup was Mehta did not disclose Athers valuation but said that the company is yet to reach $1 billion in value. which has brought Athers valuation to around $400 million, to scale up The Ather 450 is constructed using an all-aluminium frame, comes with a 5.4 kW (7.2 BHP) Brushless DC electric motor, and a 2.4 kWh lithium-ion battery pack. Even with a 126% increase Ather Energys real marketing pitch is to be an un-auto company, says COO Venki Padmanabhan. Ather is considerably Ather Energy plans to use the funding to beef up its supply chain capabilities to scale from 5,000-6,000 units per month to over 30,000 units, expand its $35 m. Time since last funding. This was a Private Equity round raised on Jul 19, 2022. Updated: 13 May 2022, 12:05 AM IST Alisha Sachdev. Sanjeev Singh, who joins Ather with 18 years of extensive expertise, will lead the manufacturing vertical and oversee all current and future production facilities. Ather Energy plans to use the funding to expand manufacturing facilities, invest in research and development, charging infrastructure, and grow its retail network. Relina tells Startup Story Media about the issues like breaking peoples existing perception about electric vehicles. This is the first capital infusion in the Bengaluru-based startup this year. Ather Energyinvestors. After a strong start to the year, the company registered the highest ever monthly sales in April 2022 delivering 3,779 units to customers. Vecino Energy Partners has raised a total of $200M in funding over 1 round. Ather Energy Co-founder & CEO Tarun Mehta has minced no words when it came to commenting on the valuation of Ather Energy, when compared to Ola Electric. Ather Energy raises Rs 84 crore funding backed by Hero MotoCorp as an addition to its Series C round funding. 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 Ather Energy raises $128Mn in Series E round of funding. Ather Energy announced on Thursday that it has managed to raise USD 128 million (around 991 crore) from National Investment and Infrastructure Fund Limited's (NIIFL) This transaction gave Ather a valuation of little under Rs 2,550 crore. The EV maker sold a total of 2,825 units for the given period, thus posting a growth of 366 per cent. 0. Professional with 3+ years of post qualification experience in the Energy sector.
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Vecino Energy Partners is funded by EnCap Flatrock Midstream. 1 in8568z01014 uravi t and wedge lamps ltd#fully paid up equity ather energy pvt ltd#0.001%dv unsec non cum part non red full & comp conv prf sh sr-c1-rd dt27.07.40 union gilt fund-direct plan-growth computer age management services ltd open ended mutual fund 10/- 19-jul-22 Ather has been an early mover in the electric two wheeler space, and has The Technology Development Board of IIT-M and Srini V Srinivasan, IIT alumnus and founder of Aerospike had Ather received this funding from National Investment and Infrastructure Fund (NIIF) and existing investor Hero . Ather registered the highest ever monthly sales in April 2022 delivering 3,779 units. Electric scooter maker Ather Energy has raised $128 million in a funding round led by National Investment and Infrastructure Fund (NIIF) and existing investor Hero MotoCorp. Startup Jobs; Ather Energy raises $128 million from Hero MotoCorp, NIIFL Athers valuation stood at $591 million as on Jan 27, 2022, as per Tracxn, a platform that tracks startups and It features a larger battery, new tyres, updated software, and Ather Grid charging network. EquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies These Ather Energy Growth Marketing Strategies can increase their revenue by 2x or many folds. 21B7BF8D-4CAA-470F-914E-7D85FBF51E77. However, Mehta says the NIIF investment is a major shot in the arm for the company, as the sovereign's fund's maiden investment into manufacturing is also India's first design-led electric-two-wheeler maker. Download. Ather Energy, based near Bengaluru, has raised $128 million in a new investment round led by sovereign wealth fund National Infrastructure Investment Fund Ather has raised a total funding of $338.9 million in the past few years. Ather Energy taps NIIF, Hero MotoCorp. Register. Tiger Global Management, Sachin Bansal, Binny Ather Energy has a team of passionately curious creators who love building things, preferably those that haven't been built before! The deal means that the six-year-old startup has raised around $90 million to date. Ather Energy closed its last funding round on May 12, 2022 from a Series E round. For auto industry insiders, Venkatesh Padmanabhan is a familiar name. November 08, 2020, 09:01 IST. The Ather Grid network spans across 39 charging points in Bengaluru and 14 charging points in Chennai. Fortune India, India's leading business magazine provides you all the important information on Ather Energy Funding. Ather Energy, Indias leading electric scooter manufacturer, today announced the appointment of two key leaders on the manufacturing and supply chain side as the company embarks on its next phase of growth. With the Ather received this funding from . Ather Energy, one of the leading electric two-wheeler companies, has raised $128 million in Series E round of funding led by National Investment and Infrastructure Fund July 18, 2022. atherenergy.com Transportation Founded: 2013 Funding to Date: $102MM. Ather Energy Raises $128 Million In Series E Funding From NIIFL, Hero MotoCorp & Others: Ather Energy is off to a strong start in the new fiscal year. MUMBAI: Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Saturday said it has raised funds to the tune of $35 million in a Ather Energy, an electric two-wheeler maker, has secured Rs 130 crore in debt funding led by existing investor Hero MotoCorp. Ather Energy will use this funding for expansion and to set-up manufacturing units. The scooter can accelerate to 40 km/h in 3.9 seconds, attain a top speed of 80 km/h, and can travel 75 km on one charge in city-riding conditions (107 km in the Indian driving cycle).. Ather Energy also offers an upgraded 12 Age (years) $103M Total Funding. The new vehicle will be priced at Rs 155,657 ex-showroom in Bengaluru. MODEL 1 Ather 450 [1] (not on sale anymore) Introduction: Has a complete cast aluminium body with a top speed of 80km/hr; Can go from 0-40kmph in 3.9 sec; Powered by 5.4 kW BLDC motor and 2.4 kWh Li-ion battery pack; In the city scenario, it gives a range of 75km; The motor provides an Ather Energy, one of Indias first intelligent electric scooter manufacturers, has raised an investment of US $35 million (Rs 260 crore) 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. Recently, leading Electric Mobility brand Ather Energy. Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Saturday said it has raised funds to the tune of $35 million in a funding round led by Flipkart co-founder It will cost Rs 5,000 more than the previous version of 450x Deal Type Date 0. Ather Energy Stock. Ather Energy: total Funding$137.2 m: Ather Energy: latest funding size$35 m: Time since last funding: 2 years ago: Ather Energy: investorsTiger Global Management, Sachin 2 min read . Hero MotoCorp-backed electric two-wheeler manufacturer Ather Energy has announced that it has raised just over USD 35 million in its latest funding round which was led by Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path This Ather Energy is backed by Hero MotoCorp, NIIF, Sachin Bansal, Binny Bansal, Tiger Global, InnoVen Capital, and others. Curated for curious tech lovers, the Ather S340 is a no compromise electric vehicle with a smart connected dashboard. Read latest News Articles, updates on Ather Energy Funding. The new investment increases Hero's stake in Ather to 34.58 per cent, up from the previous 31.27 per cent. Ather Energy, an Indian electric vehicle company, completed with $51 million in a new financing round. Both EV and fossil businesses! The aggregate got a further boost of $35 million a few days ago when the Hero MotoCorp-promoted scooter maker Ather Energy announced the successful completion of their Ather Energy plans to use these funds to expand manufacturing facilities, invest in research and development and charging infrastructure, and grow its retail network. The It is classified as a private limited company and is located in Bangalore, Karnataka. In November 2020, Ather raised $35 million in its Series D funding round. Electric scooter maker Ather Energy said it has raised $128 million in funding even as its rivals struggle to contain the fallout from a spate of recent EV fires and battery explosions. Ather Energy, one of Indias leading electric two-wheeler company, today announced completion of its Series E round of funding with signing of investment agreements amounting to $128 million with National Investment and Infrastructure Fund Limiteds (NIIFL) Strategic Opportunities Fund (SOF), and Hero MotoCorp, a significant shareholder of Ather, and - Analysis of crude movements and calculating daily GRMs. Its competitor Ola Electric is valued at over $5 billion. 12th May, 2022. Ather Energy was incubated in IIT Madras back in 2013. The company has also stated that bookings for the 450X are growing at 25% quarter-on-quarter. When IIT Madras graduates Tarun Mehta and Swapnil Jain started Ather Energy in 2013, they were betting that electric vehicles were inevitable, recalls Mehta. About. Ather Energy Co-founder & CEO Tarun Mehta has minced no words when it came to commenting on the valuation of Ather Energy, when compared to Ola Electric. Ather Energytotal Funding. 3. Intelligent vehicles will revolutionize our commute experience in the future and the Ather 450 stands at the cusp of this exciting reality. Being a sovereign fund, they are far more patient, understand long-term value creation and are driven by more secular trends. Often called as Indian Tesla by a motor enthusiast in India due to its characteristics like fast and smart technology, driven amazingly well, tech-laden, cheap to run, low on maintenance, fantastic customer service, and just happen to be electric Ather Energy is currently the talk of the town. A user posed the question on social media on how Ather Energy with all the engineering, tech, manufacturing capability and cool intellectual property is valued at just 1/25th of a newcomer like Ola Electric, Ather Energy is a start-up which unveiled India's first smart electric scooter in February 2016. The fresh funding round is meant to more than double manufacturing capacity, and drive growth. With the current round, Ather Energy's total funding stands at $286 million at the valuation of $591 million (as of January 27, 2022), research firm Tracxn data shows. Apart from Hero Motocorp, the Bengaluru-based Ather Energy is backed by the founders of Flipkart -- Sachin Bansal and Binny Bansal -- and Tiger Global. Electric-vehicle manufacturers globally have seen a spike in demand as more people shift to cleaner transport, but a sharp increase in commodity prices and severe supply chain Ather Energy plans to use the funding to expand manufacturing facilities, invest in research and development, charging infrastructure and grow its retail network. Details of all the funding and investors of the company are as follows: $1 M Seed Round, Dec 3, 2014; $12 M Series A Round, Tiger Global Management, May 29, 2015; $27 M Series A Round, Hero MotoCorp Ltd, Oct 27, 2016 After revealing that the Ather 450X and 450 Plus sold 3,779 units in April, the highest monthly sales in the companys history. Ather Energy plans to use the funding to beef up its supply chain capabilities to scale from 5,000-6,000 units per month to over 30,000 units, expand its We manufacture two scooter models at present - 450 and 450X. NEW DELHI, Jan 28 (Reuters) - Ather Energy, India's top electric scooter maker by revenue, is raising funds to ramp up annual production to one million scooters over the NEW DELHI (Reuters) - Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path to As per the latest report Ather Energy is opening pre-orders in Chennai in the coming weeks, and eventually scaling to 30 cities by the end of 2023. Anand Murali July 11, 2017 16 min. Electric vehicle (EV) maker Ather Energy on Tuesday launched the third-generation variant of its flagship scooter Ather 450x, with a bigger battery, new tyres, software changes and minor updates like newer mirrors and a bigger boot space. Including the current round of funding, Ather Energys total funding now stands at USD286 million, against a valuation of USD591 million, according to sata from research firm View information about the Ather Energy funding at AngelList! The electric two-wheeler manufacture is planning for rapid Information on valuation, funding, cap tables, investors, and executives for Ather. The scooter can accelerate Find out about the total amount raised, the number of rounds, and other funding information from Ather Energy. He will be crucial in scaling up Ather Energys manufacturing to 400,000 units and beyond from the existing capacity of 120,000 units. Ather Energy sold 3,779 units in April 2022, its highest ever monthly sales over strong bookings for its flagship product Ather 450X e-scooter. Ather Energy Private Limited is an unlisted private company incorporated on 21 October, 2013. Ather Energy is backed by Hero MotoCorp, NIIF, Sachin Bansal, Binny Bansal, Tiger Global, InnoVen Capital, and others. Electrical devices for grid power flow control. Ather Valuation & Funding. Ather Energy begins retail operations in Jaipur. face value (`) activated on. 27th July, 2021. Electric scooter manufacture company Ather Energy has raised $128 million in series E funding round from National Investment and Ather Energy plans to use the funding Tarun Mehta, Co-Founder & CEO Ather Energy told Mint the company's valuation is "still playing catch-up" and is "not a unicorn yet". 07/24/2020 2:50 AM. It's authorized share capital is INR 77.92 lac and the total paid-up capital is INR 57.99 lac. Thus, Ather Energy spent Rs 4 to earn a single rupee of operating revenue, improving by 47.4% from Rs 7.61 spent to earn the same during FY20. The company raised $128M in a new round on May 12, 2022. We have also established an electric vehicle charging The tech start-up received its first seed fund of US $1 million in late 2014 from Flipkart founders Sachin Bansal & Binny Bansal and Raju Venkatraman of Medall Healthcare A user posed the 84 crore ($11 million) by Hero MotoCorp, as an extension of its Series C round of funding that was led by Sachin Bansal. Ather Energy introduces its first Impact Report, reiterating its commitment to social, environmental, and economic sustainability. Of the total amount, Hero MotoCorp invested $56 mn as it deepens its In 2019, when Ather raised $51 million from a clutch of investors, the deal valued the company at Rs 2,800 crore. Although Ather Energy is doing exceptionally well in the markets given how new they are, they still have to face their own share of challenges. In the last year alone, Ather Energy has witnessed 800 percent growth in sales. Bengaluru-based electric mobility start-up, Ather Energy has announced a fresh investment of Rs. Ather Energy releases its sales report for January 2022. 23 Sep'20 | By Kritti Bhalla. Due to the supply Recently, Ather Energy raised $128 million (Rs 991 crore) in a funding round led by National Investment and Infrastructure Fund (NIIF) and Hero MotoCorp where a The third-generation version of Ather Energy's flagship scooter, the Ather 450x, was unveiled on Tuesday. announced that it has raised $128 million. This brings Ather's total funding to $286.8M to date. Ather Energy Funding and Investors. Ather Energy was valued at about $400 million in the new round, a person familiar with the Ather Energy raises $35 million in funding round led by Sachin Bansal. Ather Energy is a builder of intelligent electric scooters and AtherGrid is their established Use the PitchBook Platform to explore the full profile. Ather Energy record a 4x growth in its revenue to INR 48.8 Cr but with over 2X rise in expenses, its losses also widened in FY20. In FY21, the company It wants to scale from 5,000-6,000 units per month to over 30,000 units. The Ather 450 is constructed using an all-aluminium frame, comes with a 5.4 kW (7.2 BHP) Brushless DC electric motor, and a 2.4 kWh lithium-ion battery pack. EV platform Ather Energy, GoKwik, an e-commerce enablement platform, SaaS platform SirionLabs, and other startups & venture capital raised funding in this week.. EV platform Ather Energy raises $128 mn in Series E funding. Now, the duo has a close-to-commercial electric scooter, called the Ather 340, which they hope to start selling later this year. Ather Energy plans to use the funding to ramp up its supply chain capabilities. Ather Energy has built India's first intelligent electric scooter. Ather Energy raises $35 million in funding round led by Sachin Bansal Premium Sachin Bansal has been working closely with Ather Energy and was among the first customers to Ather Energy. Follow 5 easy steps to download the balance sheet of ATHER ENERGY PRIVATE LIMITED: 1) Search for the company you require in the Tofler search bar 2) Select the financial Press Release. Ather Energy has received a sanction letter from Hero FinCorp Limited [an associate company of Hero MotoCorp] for a loan amount of Rs 130.00 crore, regulatory filings show. The company has plans to expand the network and set-up 6500 EV charging Points in 30 cities by 2023. Interested in Energy Sector finance especially in Planning, Pricing & Analysis, Treasury & Commercial functions. The company raised $128M in a new round on May 12, 2022. $137.2 m. Ather Energylatest funding size. -. Press Releases. Ather Grid, solves the critical need of public charging of electric vehicles. 2 years ago. The journey started of Ather started when the revolutionary startup was Mehta did not disclose Athers valuation but said that the company is yet to reach $1 billion in value. which has brought Athers valuation to around $400 million, to scale up The Ather 450 is constructed using an all-aluminium frame, comes with a 5.4 kW (7.2 BHP) Brushless DC electric motor, and a 2.4 kWh lithium-ion battery pack. Even with a 126% increase Ather Energys real marketing pitch is to be an un-auto company, says COO Venki Padmanabhan. Ather is considerably Ather Energy plans to use the funding to beef up its supply chain capabilities to scale from 5,000-6,000 units per month to over 30,000 units, expand its $35 m. Time since last funding. This was a Private Equity round raised on Jul 19, 2022. Updated: 13 May 2022, 12:05 AM IST Alisha Sachdev. Sanjeev Singh, who joins Ather with 18 years of extensive expertise, will lead the manufacturing vertical and oversee all current and future production facilities. Ather Energy plans to use the funding to expand manufacturing facilities, invest in research and development, charging infrastructure, and grow its retail network. Relina tells Startup Story Media about the issues like breaking peoples existing perception about electric vehicles. This is the first capital infusion in the Bengaluru-based startup this year. Ather Energyinvestors. After a strong start to the year, the company registered the highest ever monthly sales in April 2022 delivering 3,779 units to customers. Vecino Energy Partners has raised a total of $200M in funding over 1 round. Ather Energy Co-founder & CEO Tarun Mehta has minced no words when it came to commenting on the valuation of Ather Energy, when compared to Ola Electric. Ather Energy raises Rs 84 crore funding backed by Hero MotoCorp as an addition to its Series C round funding. 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 Ather Energy raises $128Mn in Series E round of funding. Ather Energy announced on Thursday that it has managed to raise USD 128 million (around 991 crore) from National Investment and Infrastructure Fund Limited's (NIIFL) This transaction gave Ather a valuation of little under Rs 2,550 crore. The EV maker sold a total of 2,825 units for the given period, thus posting a growth of 366 per cent. 0. Professional with 3+ years of post qualification experience in the Energy sector.
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