Ather Energy has two electric scooters in production.
Available Electric Vehicles by Ather Energy
Price Starts- ₹1,10,000* | Range- 60 Km**
Price Starts- ₹1,25,000* | Range- 75 Km**
Foundation and Startup
Ather Energy is an Indian Electric Scooter manufacturing startup. It was founded by Tarun Mehta and Swapnil Jain in 2013.
The first prototype was S340 and was unveiled in February 2016.
Bangalore headquartered, Ather Energy, initially announced an online-only purchase model for selling the products with doorstep service, later the opened showrooms also.
The Ather manufacturing plant is located in Whitefield, Bangalore. It has manufacturing capacity of 600 vehicles per week.
Funding and Investors
Initially in 2014, it was supported by Technology Development Board and IIT alumnus. Later FlipKart founders, Sachin Bansal and Binny Bansal invested $1 million.
In May 2015, Tigor Global invested $12 million for development, testing, production and launch of the vehicle.
Hero MotoCorp invested $30.5 million as Series B round of funding in October 2016 with 32.31% of stake in the company. Later, again invested $19 million in 2018.
Company came in production of the models S340 and 450 and launched in 2018.
It has also set up more than 20 charging stations in Bangalore named as Ather Grid.
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Production and Launch
Ather S340 and Ather 450 both have same design and look available in white color.
Ather 450 has an upper hand of battery. It comes with 2.24 kWh battery which rides more than 75 km on single charge.
Ather S340 is priced at ₹1,10,000, while the 450 is priced at ₹1,25,000.
Both the smart scooters come with Artificial Intelligence (AI) and app enabled. Tubeless Tyre, disc brakes and alloy wheels are standard some features. Ather has provided reverse mode on both the scooters.
Ather has eared lots of praise and positive reviews from the media.
Although, delivery of S340 and 450 has started. Delivery of Ather 450 began on 11th, September of 2018. Company handed over a set of 10 vehicles to the customers at a special delivery event held at factory.
*Price is showroom Delhi. **Actual range may increase, as many user has reported 86 km actual range of Ather 450.