Ather Energy
Founded Year
2013Stage
Series E - IV | AliveTotal Raised
$549.19MValuation
$0000Last Raised
$71M | 3 mos agoRevenue
$0000About Ather Energy
Ather Energy focuses on the development and production of electric vehicles, specifically in the automotive industry. The company's main offerings include smart and connected electric scooters, as well as public and private charging infrastructure. Ather Energy primarily sells to the electric vehicle industry. It was founded in 2013 and is based in Bangalore, India.
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Research containing Ather Energy
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Ather Energy in 1 CB Insights research brief, most recently on Oct 3, 2024.
Oct 3, 2024 report
State of Venture Q3’24 ReportExpert Collections containing Ather Energy
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Ather Energy is included in 4 Expert Collections, including Auto Tech.
Auto Tech
3,971 items
Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.
Unicorns- Billion Dollar Startups
1,249 items
Bike & Scooter Tech
544 items
We define bike and scooter technology startups as companies working on shared vehicle networks, vehicle design, and charging infrastructure for bicycles, scooters, mopeds, and other compact vehicles for one to two passengers.
Conference Exhibitors
5,302 items
Latest Ather Energy News
Nov 1, 2024
Ather Sells Record 20,000 Electric Scooters In October Ather Sells Record 20,000 Electric Scooters In October Nov 01, 2024 Ather Energy hit a major milestone in October, dispatching over 20,000 scooters across India—the company’s highest monthly figure to date. The recent launch of the Rizta family scooter played a pivotal role, accounting for approximately 60-70% of this month’s volume. By October 30, Ather’s nationwide retail sales had also reached the 20,000 mark, showcasing impressive growth over previous months. Rising Market Share and Growing EV Demand Following a strong retail performance in September with 12,828 units sold, Ather’s market share surged from 7.9% in July to 14.3% in September, marking a substantial increase within the electric vehicle (EV) market. This growth aligns with India’s expanding EV demand, which saw an impressive 70% year-on-year growth in October, reflecting rising consumer interest in sustainable transportation options. Expanding Infrastructure and IPO Filing In addition to its growing sales figures, Ather Energy has continued to strengthen its national presence. Currently, it operates 231 Experience Centres and 2,500 fast-charging stations across the country, providing enhanced accessibility for EV users. Ather recently filed for a Rs 4,500 crore Initial Public Offering (IPO), signaling further plans to scale operations and invest in future growth. Manufacturing Expansion Plans Ather’s manufacturing facility in Hosur, Tamil Nadu, supports its production needs and helps meet increasing demand. To sustain its growth trajectory, Ather is setting up a second manufacturing plant in Chatrapati Sambhaji Nagar, Maharashtra, aimed at enhancing production capacity and supporting a growing customer base across India. This expansion highlights Ather’s commitment to meeting the surging demand for electric vehicles while solidifying its presence in the Indian EV market.
Ather Energy Frequently Asked Questions (FAQ)
When was Ather Energy founded?
Ather Energy was founded in 2013.
Where is Ather Energy's headquarters?
Ather Energy's headquarters is located at 4/1, Bannerghatta Main Road, Bangalore.
What is Ather Energy's latest funding round?
Ather Energy's latest funding round is Series E - IV.
How much did Ather Energy raise?
Ather Energy raised a total of $549.19M.
Who are the investors of Ather Energy?
Investors of Ather Energy include National Investment and Infrastructure Fund, Stride Ventures, Hero MotoCorp, Tarun Mehta, Swapnil Jain and 10 more.
Who are Ather Energy's competitors?
Competitors of Ather Energy include Ola Electric, Simple Energy, River, Pure EV, Tork Motors and 7 more.
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Compare Ather Energy to Competitors
Ampere Vehicles specializes in electric scooters, focusing on energy-efficient transportation within the electric vehicle industry. The company offers a range of electric scooters designed for affordability, efficiency, and support for the clean last mile. Ampere Vehicles provides comprehensive electric vehicle ecosystem support, including battery maintenance and financing options. It was founded in 2008 and is based in Coimbatore, India. Ampere Vehicles operates as a subsidiary of Greaves Cotton.
VIOMA MOTORS specializes in the development and manufacturing of smart electric scooters within the e-mobility sector. Their flagship product is a self-charging electric scooter equipped with features like regenerative braking, an integrated touchscreen dashboard, and adaptive LED headlights. The company primarily caters to the eco-conscious consumer market seeking sustainable and technologically advanced transportation solutions. It was founded in 2020 and is based in Mumbai, India.
Cowboy specializes in connected electric bicycles designed for urban riders within the mobility industry. The company offers a range of e-bikes that provide automatic assistance, theft detection, and mobile service for at-home repairs, aiming to enhance urban commuting. Cowboy's products target individuals seeking efficient, sustainable, smart transportation solutions in urban environments. It was founded in 2017 and is based in Bruxelles, Belgium.
Hero Electric is a company that focuses on the production of electric two-wheelers, operating within the electric vehicle industry. The company's main offerings include electric bikes and scooters, providing eco-friendly and cost-effective modes of personal transportation. It was founded in 1993 and is based in Delhi, India.
BattRE is a company that focuses on the production of electric scooters in the automotive industry. The company offers a range of electric scooters that are designed to be affordable, efficient, and convenient for urban commuting, with features such as quick charging, detachable batteries, and various color options. The scooters are primarily targeted towards urban commuters. It was founded in 2017 and is based in Jaipur, India.
Oben Electric is a company focused on the design, development, and manufacturing of electric motorcycles and critical EV components within the electric vehicle industry. The company offers high-performance electric motorcycles equipped with advanced LFP battery technology, providing a safer and longer-lasting ride. Oben Electric primarily caters to eco-conscious consumers looking for a powerful and sustainable riding experience. It was founded in 2020 and is based in Bangalore, India.
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