Relina tells Startup Story Media about the issues like breaking peoples existing perception about electric vehicles. The Hero Motocorp-backed EV startup has now crossed 8000 retail sales milestone by selling 8213 units in October 2022. Bulk of the sales was clocked in the last 10 days of the month as the company's production line was shut for a couple of weeks to facilitate the transition to its new product - the Ather 450X Gen 3, that the company introduced last month. 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. Ather currently has a 22% market share in the state. Ather October 2022 Sales: Ather Energy sold 8,213 electric scooters in October 2022, recording a 122 per cent YoY growth. At this sales performance, the company has registered a Year-on-Year growth of 297% in comparison to the corresponding month a year ago. It manufactures two electric scooters - the Ather 450X and the Ather 450 Plus. At present, the two-wheeler major has 1,000 charging stations. This is the second equity round Here is a summary of financial information of ATHER ENERGY PRIVATE LIMITED for the financial year ending on 420 crore in the Ather Energy company, Hero plans to debut its first electric vehicle (EV) in March. It has also established electric vehicle charging infrastructure across the country called Ather Grid. What is Ather Energy's Revenue? Ather Energys two wheelers are engineered to be more Ather Energy Private Limited is a 9 years 9 days old Private Company incorporated on 21 Oct 2013. 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 5,799,392. Exclusive. Ather Energy Private Limited is a 8 years 10 months old, private Indian Company, registered at Bangalore with a paid-up capital of Rs.5799392. 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. Ather Energy is a manufacturer of electric scooters and electric vehicle charging network called AtherGrid. HeroMotoCorp Ltd. Ather Energy. Investors. The Ather factory, located in Hosur has an annual manufacturing capacity of 1.3 lakh scooters and 1.4 lakh battery packs. With an investment of Rs. So far in the current year, Ather has delivered over 10,000 units in the state of Karnataka. Find details of its financials, directors, legal cases and charges. The combined network of Ather Grid and Statiq across cities will provide more convenience to customers. Shareholders. Documents. The Ather factory, located in Hosur has an annual manufacturing capacity of 1.3 lakh scooters and 1.4 lakh battery packs. Ather Energy closed its last funding round on May 12, 2022 from a Series E round. Ather Energy is an Indian electric vehicle company, headquartered in Bangalore. Ather Energy was founded in 2013 by IIT Madras alumni, Tarun Mehta, and Swapnil Jain. This is also the companys highest-ever monthly The company reported highest monthly sales in August, then in September and now in October as well. It's authorized share capital is INR 77.92 lac and the total paid-up capital is INR 57.99 lac. Ather Energy Private Limited is a 8 years 10 months old, private Indian Company, registered at Bangalore with a paid-up capital of Rs.5799392. Ather currently has a 22% market share in the state. Currently, Hero Electric is the market leader which has 36% market share in Indias two-wheeler EV segment. Hi/Low, RealFeel, precip, radar, & everything you need to be ready for the day, commute, and weekend! 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. 3.7 kWh Manufacturer of two-wheeler electric vehicles designed to provide an eco-friendly ride with modern features. So far in the current year, Ather has delivered over 10,000 units in the state of Karnataka. The Hero Motocorp-backed EV startup has now crossed 8000 retail sales milestone by selling 8213 units in October 2022. Alternatively, you can write to us at [email protected]. In a major boost to its rapid expansion in the country, Ather Energy signed a joint MoU with the State Of Karnataka, committing to 1,000 Ather fast chargers across the state. October 18, 2022. The company's two-wheelers are powered Its authorized After extensive research and analysis, Zippia's data science team found the following key financial metrics. Last month in September, Ather Energy sold 7r435 units and compared to October that's 778 units less. Ather Energy revenue is $73.0M annually. Join 290K+ Investors and Description. Get the forecast for today, tonight & tomorrow's weather for Lansing, MI. This is a 122% year-on-year growth, the press release stated. Bengaluru-based electric two-wheeler maker Ather Energy sold 2,389 units in July of 22; registering a 24% year-on-year growth. Electric scooter manufacturer Ather Energy has raised Rs 400.6 crore or $50 million in a round led by existing investor Caladium Investment. The company is backed by founders of Flipkart, Tiger Global, Hero Motocorp, According to authorities, Consumers Energy crews called police at about 2:40 p.m. after they found a person on the ground near the intersection of Saginaw Street and Over two-thirds of them were delivered in the city of Bangalore. This information is available in our reports and to subscription users. This is the second equity round for the Bengaluru-based company in 2022. View Information. Financial Report - ATHER ENERGY PRIVATE LIMITED. NEW DELHI (Reuters) Ather Energy, Indias top electric scooter maker by revenue, is raising funds to ramp up annual production to one million scooters over the next Its authorized share capital is Rs. Hero MotoCorp, the worlds largest motorcycle and scooter maker, stated on Friday that it would invest up to Rs 420 crore in the company . The In October, The city clerks rotating satellite office opened on the campus of Michigan State University and is expected to help future East Lansing voters. Brand logo registered. Ather Energy Private Limited's operating revenues range is INR 100 cr - 500 cr for the Ather Energy Private Limited is a Private incorporated on 21 October 2013. Ather Energy sold a total of 8,213 units in October 2022, which is its highest ever monthly sales, for the third month on the trot. The company has two electric scooter models Ather 450X and Ather Energy had quite a profitable festive season. NEW DELHI (Reuters) Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the companys path to profit Ather Energy also has an electric vehicle charging infrastructure called Ather Grid. The leading electric scooter maker is looking to mop up as This is also the companys highest-ever monthly sales figure yet. The company has two electric scooter models Ather 450X and Ather 450 Plus in the market. Ather Energy was owned initially by Hero Capital, which had a 34.8 per cent share. Ather Energy has 656 employees, and the revenue per employee ratio is $111,280. The Ather brand has a presence in 30 Indian cities. Sep 05, 2022 03:25 PM IST Hero MotoCorp-backed Ather Energy kickstarts prep for biggest ever fundraise. Ather Energys board has also mentioned that the company has plans to go public in near future. Over two-thirds of them were For the It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. This company was founded by Tarun Mehta and Swapnil Jain in 2013 and is currently headquartered in Bangalore, India. Documents. Find details of its financials, directors, legal Ather Energy has announced that it has managed to sell 6,410 units of electric scooters in August'22. ATHER ENERGY PRIVATE LIMITED, 3rd FLOOR, TOWER D, IBC KNOWLEDGE PARK, #4/1, BANNERGHATTA MAIN ROAD, BANGALORE, KARNATAKA 560029, INDIA. Read on. The pool size as per the Series D shareholders agreement was 12,356 stock options which is reduced to 5,214 stock options and the balance unused pool of 7,142 is proposed for cancellation, according to a separate filing by the company. With an increasing number of consumers moving into the EV space, Ather Energy fully recognises the necessity of an accessible charging network, along with advanced riding solutions, to facilitate EV adoption," said Nilay Chandra, VP-Charging It was founded by Tarun Mehta and Swapnil Jain in 2013. 7,791,630 and its paid up capital is Rs. Ather General Information. Ather has been reporting highest monthly sales for three months in a row. 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