Ather Energy

2013

For-profit

Energy

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Details


Region of operation

Chennai, Bangalore

Headquarters address

Ather Energy Pvt. Ltd. 3430, Shreyas,3rd Cross, 10th Main, 100 feet road, Indira Nagar, Bengaluru, Karnataka Country: India Zip: 560038

Target problem

Ather Energy was born with a vision to solve the problem of energy storage and supply in an electric vehicle. It is building a futuristic electric scooter which aims to go head-to-head with the best e-scooters in the market. They believe that the vehicles of the future will be smart, connected and clean and they want to accelerate the adoption of these vehicles.

Key product / Service

Electric Scooters

Team size

10-50

Number of beneficiaries

Awards and recognition

Funding and Operating Model


Funding round

Series A

Total funding raised

$ 13000000

Investors

Business details

For their first product, they are building smart, electric scooters for the Indian market. They believe in vertical integration in design. Hence, are designing electric scooters from scratch and have built their own chassis, suspensions, lithium ion battery packs, battery management systems and body works. Everything in the vehicle has been designed for one single application – the vehicle itself. The founders' broad vision, is to enter the energy industry, which includes the supply and storage of energy​, and achieving new standards in every segment, may it be power electronics, energy storage (batteries), energy distribution (charging infra) or smart vehicles.

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