The smart electric two-wheeler startup, received its third round of funding, with previous investments from Tiger Global, Sachin and Binny Bansal - Flipkart's promoters - in their personal capacity. The latest round of fund infusion has valued the Bengaluru-based company at $400 million. Bengaluru-based Ather Energy raised $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAAC Investments. Forbes Under 30 April 18 · With Canada Goose’s momentum in full swing, Reiss sold 70% of the company to Boston’s Bain Capital in December 2013, raising much-needed funds for expansion and ultimately fast-tracking the company for an IPO, which took place in March 2017. Mumbai, May 28 () Sachin Bansal, co-founder of e-commerce platform Flipkart, Tuesday announced investment of USD 32 million in electric vehicle manufacturer Ather Energy, which has raised USD 51. 5m in debt funding from Sachin Bansal-led BACQ India’s Ather Energy raises $51 million to. The round was led by former promoter Sachin Bansal, co-founder of Flipkart, who had invested $ 32 million. The next application deadline for REAP grants (requesting $20,000 or less in grant funding) is October 31, 2019. We help corporate strategy, finance and policy professionals navigate change and generate opportunities. The company has recently received funding from Flipkart founders and aims for a late 2016 launch for its first product. Ather Energy is eyeing to launch its scooters in global markets, including Latin America, Southeast Asia and Europe in the five years. Ather Energy is the brainchild of IIT graduates Tarun Mehta & Swapnil Jain and is among the few hardware start-ups in India. All content is posted anonymously by employees working at Ather Energy. 5 million in the firm as an angel investor in 2014. Ather Energy raises $51M led by Sachin Bansal. Ather Energy finds its Hero with Rs 205 crore - The Economic Times. The fresh round of funding will be utilised for the. Ather Energy is the brainchild of IIT graduates Tarun Mehta & Swapnil Jain and is among the few hardware start-ups in India. Ather Electric Scooter Global Unveil - Press Release Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Flipkart co-founders Sachin and Binny Bansal have invested $1 million in Ather, a start-up focused on designing high-speed electric two-wheelers, in their third investment since June. 75 per cent effective immediately. There’s more money racing into India’s increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. Later FlipKart founders, Sachin Bansal and Binny Bansal invested $1 million. Funding phase. The new funding in Ather Energy was made by the country’s largest two-wheeler maker Hero MotoCorp. We became the must visited website of Top IT News, vendors, Top IT Professionals, solution providers, CIOs and CEOs of Indian enterprises. It also can be used to make energy efficiency improvements to heating, ventilation and. Electric Scooter Maker Ather Energy Eyeing to Raise Funds for Development Gauri Singh FUNDING comments Ather Energy is reportedly planning to raise an amount of Rs 200 crore - Rs 300 crore over the next year to expand to new markets and further its product development plans. government? Are you seeking grants or assistance funding? FadCannacts can help yau da bath. Tiger Global and Hero Motocorp backed Ather Energy plans to raise Rs 200 crore - Rs 300 crore over the next year to expand to new markets and further its product development plans, reports Mint. Bengaluru-based electric two-wheelers maker Ather Energy, has raised an investment of $51 Mn in its latest round of funding, led by Flipkart cofounder Sachin Bansal’s who poured in $32 Mn. Billionaires. 5 Mn in the firm as an. Ather Energy unveils its charging infrastructure network AtherGrid Ather Energy CEO Tarun Mehta said that they have currently installed 17 connected charging stations across Bengaluru, with plans. 5 million angel investment in 2014. The company is planning a new manufacturing facility which will be designed to produce 1 million vehicles a year. In May 2019 Ather Energy raised an investment of $51 million in its latest round of funding, led by Sachin Bansal's investment of $32 million. As a co-founder, I am whatever Ather needs me to be. Electric Dreams The key areas will be batteries, management sys-tems and chargers. There's more money racing into India's increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. Ather Energy To Expand Operations To 30 Cities By 2023. This isn't the first time Bansal has invested in an electric mobility play these days. they would raise funding, show some growth, and raise the next round. Ather Energy has raised $43 million in funding so far from some of India's best-known investors, including the country's No. 10 per cent. tech2: Do you plan to continue going through the retail sales route or are you planning to get into electric two-wheeler fleets which can be used by establishments such as delivery startups? Ather Energy: I think whoever does a lot of km daily, electric is a great fit for them. Ather energy was established in 2013 by Tarun Mehta and Swapnil Jain. Ather Energy, the electric two-wheeler company has announced a new invester in the form of Hero MotoCorp. June 2, 2019: A roundup of news and perspectives on disruptive technology from around the world. Ather Energy's first scooter, the S340, has received thousands of enquiries on its website, and will offer a test drive to potential customers starting with Bengaluru, followed by Chennai and Delhi. The physical appearance of both the scooters is identical. With an order backlog of about five months, the EV company will be utilising this fund for expansion of capacity to 25,000 units per annum and expand the business to other cities. Separately, Jonathan Alexander, a former trader for Macquarie Energy LLC, agreed to pay a fine of US $85,000 to ICE Futures U. That’s why all our home energy plans come with 50% renewable electricity as standard and all of our new plans are now 100% renewable electricity too. Ather Energy raises $51million from Sachin Bansal, others To meet the projected demand in the coming years, the company is planning a new manufacturing facility which will be designed to produce 1. On the heels of its announcement of launching in multiple cities this year, Chennai is the second city the company is. Ather Energy was one of the earliest startup investments of Bansal, when he invested USD 0. Ather Challenge. Funds are pouring for social commerce startup. Ather Energy's plan to raise 200-300 crore in fresh funding over the next one year is noteworthy as investor Hero MotoCorp is yet to develop its own electric scooters and motorcycles. Ather Energy is in the process of opening up its first manufacturing plant in Whitefield. The company will manufacture the S340 at its production facility in Bangalore. The new charger has been designed specifically for the Ather 450. Technical support for Wanco® products including documents and contact forms, or call toll-free in North America 1-800-972-0755 or 303-427-5700. The round was led by early backer Sachin Bansal , the co-founder of Flipkart, who invested $32 million. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. Currently, the leasing program is only available in Bangalore as the company operates in one city. Image copyright Reuters Well-known stockpicker Neil Woodford’s flagship fund is to be wound up, its corporate director Link Fund Solutions has announced. The duo started the company wanting to develop batteries for electric vehicles but eventually expanded to developing electric two-wheelers. Ather Energy raised a total of $59,000,000 in funding over 4 rounds. Ather Energy's funding has come from investors including 021 Capital, Binny Bansal, Hero MotoCorp among others. Ather Energy plans to setup a new manufacturing plant, which will be operational by 2020. In addition to this, InnoVen Capital has extended an $8 Mn venture debt. The funding marks the third round of investments in Ather Energy, which is building the S340 - India's first smart, electric scooter. Ather Energy Bangalore, Karnataka, India Automotive atherenergy. The round was led by early backer Sachin Bansal , the co-founder of Flipkart, who invested $32 million. Later around 1 Mn funding was raised from Flipkart founders Sunny Bansal and Binny Bansal. Flipkart co-founder Sachin Bansal, who had made an angel investment of $500,000 in Ather Energy Pvt. Ather Energy is now planning a new manufacturing facility to produce 1 million vehicles a year, and set up 6,500 Ather Grid fast. The fresh round of funding will be utilised for the. With an order backlog of about five months, the EV company will be utilising this fund for expansion of capacity to 25,000 units per annum and expand the business to other cities. Office of Ground Water and Drinking Water June 2017 EPA 816-B-17-001 2. Quote by Ravneet Phokela, Chief Business Officer: “Ather Grid has seen steady adoption in Bengaluru and we believe that accessible charging infrastructure is critical before launching our products in any market we enter. Managing Partner, Linzor Capital Partners. Bengaluru based e-scooter manufacturer, Ather Energy Pvt. Ather Energy, the country's leading intelligent electric scooter manufacturer, today announced that it has raised investment of $51 million (Rs 355 crore) in its latest round of funding, which was. Ather Energy In early March, in the parking garage of a Bangalore office building, I hopped onto the back of an Ather 450, a slick electric two-wheeler with lime accents and a molded white body. If you think our information needs to be updated, please verify GST number that you have. Ather Energy raises Rs 355 crore in fresh funding, led by Rs 223 crore investment by Sachin Bansal. In early 2014, it received ₹ 4. Flipkart co-founder Sachin Bansal, who had made an angel investment of $500,000 in Ather Energy Pvt. Bengaluru-based Ather Energy raised a total of $51 million in the latest funding round from multiple investors. Tim Purcell. Ather Energy's Electric Scooter Revolution in India. Later FlipKart founders, Sachin Bansal and Binny Bansal invested $1 million. Ather Energy is the brainchild of IIT graduates Tarun Mehta & Swapnil Jain and is among the few hardware start-ups in India. Can Ather Energy Stick To Its Vision of Being More Than Just Another E-Bike Company? The company's series B funding has come from the world's largest two-wheeler manufacturer. Between then and now, the company has managed to raise millions of dollars and develop some rather interesting technology. Companies Using Google Analytics In India. Ather Energy is among the best of them and have assembled a great team producing a product design with no compromises. Ather Energy raised a total of $59,000,000 in funding over 4 rounds. The company will manufacture the S340 at its production facility in Bangalore. For people not in the know, the Ather 340 electric scooter project received its first major funding of $1 million (around Rs 6. There’s more money racing into India’s increasingly competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. Ather Energy has launched two new electric scooters today with a flashy unveiling event, after being in the works for two years. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. Electric vehicle company Ather Energy is headquartered at Bangalore. Bengaluru-based Ather Energy raised a total of $51 million in the latest funding round from multiple investors. Original equipment makers (OEMs) might be looking at investing in end-to-end solution providers such as Ather Energy or Ampere Vehicles. BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. The Weather Channel and weather. 5 Mn in the firm as an. Bengaluru based electric scooter maker Ather has raised $51 million in its recent round of funding. Akhlaq, Ather and Ahmed, Ejaz (2104) Online Shopping: A Global Perspective. The funding marks the third round of investments in Ather Energy, which is building the S340 - India's first smart, electric scooter. Punit is passionate about Sustainable Energy and Sustainable Transportation. Initially in 2014, it was supported by Technology Development Board and IIT alumnus. The latest funding came from a Series C round on Jul 25, 2018. There’s more money racing into India’s increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. 5 million as an angel investor in 2014. Known as "India's Tesla," the Bengaluru-based company is expanding just as two-wheelers are projected to dominate India's EV market. Lists are free to download. Before Hero MotoCorp, it had secured about Rs 75 crore ($12 million) in funding from US-based hedge fund and venture capital investor Tiger Global in early 2015. View Swapnil Jain’s profile on LinkedIn, the world's largest professional community. It is inolved in Production , collection and distribution of electricity. Ather Energy is now planning a new manufacturing facility to produce 1 million vehicles a year, and set up 6,500 Ather Grid fast. Flipkart Co-founder Sachin Bansal Invests Rs 223 Crore In Ather Energy's Latest Round of Funding Ather currently sells its scooters only in Bangalore and Chennai and plans to expand its operations to 30 cities by 2023. Today, the company raised an investment of $51 million in its latest round of funding, led by Flipkart’s co-founder Sachin Bansal’s investment of $32 million. As per a report, Bansal is in talks with electric scooter maker Ather Energy to invest $50-100 million. View Ather Energy stock / share price, financials, funding rounds, investors and more at Craft. Ltd five years ago, is betting more money on the electric-scooter maker. Giving a shot to this idea, two of the IIT graduates from the Bangalore-based technology startup, Ather Energy, have unveiled India's first smart electric scooter named Ather S340 in the country. Flipkart co-founder Sachin Bansal has invested US$ 32 million in the start-up. Funding, clay models and a new design center! It's been a great 2014 for Ather! Starting from a team consisting of just two, we have grown to seventeen now and the scooter has matured from a concept to a fully-functional prototype now. Ather Energy, Indias intelligent electric scooter manufacturer, raised $51 million in its latest round of funding, led by Flipkarts co-founder Sachin Bansals investment of $32 million. Funding and Investors. Bengaluru-based electric two-wheelers maker Ather Energy, has raised an investment of $51 Mn in its latest round of funding, led by Flipkart cofounder Sachin Bansal’s who poured in $32 Mn. Ather was incubated out of Indian Institute of Technology-Madras in 2013 by Tarun Mehta and Swapnil Jain. Horses Stable helps them by giving a platform to pitch their business ideas to investors and rise funding for their business. The list offers full Chronological month-wise details of all Funding & Investment deals. The startup’s first smart electric scooter was unveiled at the Web Summit Surge conference in Bangalore on Tuesday. Ather Energy's first scooter, the S340, has received thousands of enquiries on its website, and will offer a test drive to potential customers starting with Bengaluru, followed by Chennai and Delhi. About Ather Energy. That gave it data that the studied to understand the problems. Startup News 34: TIkTok Phone and Music app, Ather Energy Funding| StartupGyaan by Arnab aur music app ke baare mein aur kaunse startups ko kitni funding mili he yeh bhi bataunga toh video. This sum was used in the research and development of the company's first electric scooter - the Ather S340. 5 million as an angel investor in 2014. Ather Energy Launched in: 2013 Founders: Tarun Mehta, Swapnil Jain Location: Bengaluru Sector: Deeptech Total funding: $65. Ather Energy has commenced the deliveries of its leased scooters in Bangalore. This funding round was led by ex Flipkart co-founder Sachin Bansal. Aether Energy is a fixed income debt manager and placement agent that specialises in clean infrastructure and social housing sectors worldwide. Ather Energy has 500 employees across 4 locations and $91 m in total funding,. Ather Energy is the brainchild of IIT graduates Tarun Mehta & Swapnil Jain and is among the few hardware start-ups in India. The start-up is backed by Hero and derives its charging idea from Tesla’s Supercharger model. Ather Energy unveils its charging infrastructure network AtherGrid Ather Energy CEO Tarun Mehta said that they have currently installed 17 connected charging stations across Bengaluru, with plans. In its initial days the startup received a funding of Rs. 3,291,630 and its paid up capital is Rs. In May 2019 Ather Energy raised an investment of $51 million in its latest round of funding, led by Sachin Bansal’s investment of $32 million. But, with the government’s push on electric mobility things are improving. The IoT-based electric scooter manufacturing startup is now planning to set up a new manufacturing facility to produce one million vehicles in a year. Electric vehicle startup Ather Energy today raised Rs 180 crore in a fresh round of funding from Hero MotoCorp for 26-30 percent stake. Each year, these partnerships save over $1 billion in energy costs while also cutting air pollution. India’s first intelligent electric scooter manufacturer, Ather Energy has managed to raise an investment of about 51 million dollars in its latest round of funding. Akhlaq, Ather and Ahmed, Ejaz (2104) Online Shopping: A Global Perspective. Many start-ups in India have good and unique ideas but due to lack of funding, they end up failing. Lists are free to download. The latest funding came from a Series C round on Jul 25, 2018. AGL is committed to making a sustainable and positive contribution within the Macarthur-Hawkesdale region. The total value of the benefit to Arunachal Pradesh from Free power and contribution to LADF will be Rs 26785 crore over the project life of forty years. This is the new world of scalar electromagnetics, the zero-point energy, the energy of the absolute nothingness which existed before the world began. Ather Energy has 500 employees across 4 locations and $91 m in total funding,. Ather Energy is the brainchild of IIT graduates Tarun Mehta & Swapnil Jain and is among the few hardware start-ups in India. Posted June 15, 2015 by Charles Morris & filed under Newswire, The Vehicles. MUMBAI: Ather Energy, Bengaluru-based electric scooter maker, closed an investment of $51 million in its latest round of funding, led by Sachin Bansal's investment of $32 million. India’s first intelligent electric scooter manufacturer, Ather Energy has managed to raise an investment of about 51 million dollars in its latest round of funding. On the new round of funding, Tarun Mehta, CEO and co-founder of Ather Energy said, "The funding is a. The latest round of fund infusion has valued the Bengaluru-based company at $400 million. The technology of the future does not lag on any parameter than the technology of today. Learning from the market, building batteries from scratch and more: Interview with Tarun Mehta, CEO, Ather Energy. Ather Energy has. Rs 130 crore has been set aside for setting up about 6,500 charging stations by 2023. Ather Energy announced that it has received a fresh round of funding. It has manufacturing capacity of 600 vehicles per week. Because Ather Energy has built its electric scooters from scratch, it is defining what an electric two-wheeler is capable of being. Bengaluru-based Ather Energy, the maker of electric scooters and charging infrastructure, has just raised $51 million in a funding round led by Sachin Bansal. Glassdoor gives you an inside look at what it's like to work at Ather Energy, including salaries, reviews, office photos, and more. This is perhaps the first instance of an established institutional brand backing a homegrown hardware startup. The company, which is currently designing an electric two-wheeler, said that the money. In addition, After School Matters teens will be eligible to earn a monetary stipend for their participation in programs. The founders of Flipkart, one of India’s biggest e-commerce companies, have led an investment of $1 million in Ather, a Chennai-based startup that makes electric scooters. Stellapps' innovative applications and state-of-the-art mechanization tools leverage Internet of Things (IoT), Big Data, Cloud, Mobility, and Data Analytics to improve Agri- supply chain parameters, including milk production, milk procurement, cold chain, animal insurance and farmer payments. View Balance Sheet, Profit & Loss Account, Memorandum of Association and Airticles of Association of Ather Energy Private Limited. Ather Energy raises $51million from Sachin Bansal, others To meet the projected demand in the coming years, the company is planning a new manufacturing facility which will be designed to produce 1. The S340 is powered by a lithium-ion battery, and is built on an aluminium frame. They’ve received funding from Tiger Global and Sachin & Binny Bansal (of the Flipkart fame). As the energy stream threatened to kill Kuvira, Korra jumped in its path, activated her Avatar State, and used energybending to divert its course. Opposite to Anti-Energy Manipulation and Absent Energy Manipulation. Ltd has raised $51 million in its latest investment round, led by existing investor Sachin Bansal. Its authorized share capital is Rs. The next application deadline for REAP grants (requesting $20,000 or less in grant funding) is October 31, 2019. There is more money struggling in India's growing competitive market after producing Ather Energy electric scooter, said today it has raised $ 51 million in new funding. It is legit the most happening tech party there ever is and we love when the who’s who of the ecosystem get down to partying and networking amongst each other. Ather Energy, an automobile design and manufacturing company, raised a fresh round of funding of INR 180 crores from Hero MotoCorp - for 26-30% stake. Ather had built some vehicles and ran a few of them on the road for about 10,000 km. ISGF Innovation Awards is aimed to recognize and to celebrate organizations (utilities, regulators and policymakers and technology companies), projects, products and personalities that have set a new benchmark in Smart Grid and Smart City domains. Ather is planning a new manufacturing facility which will be designed to produce 1 million vehicles a year. We opportunistically consider other real assets sectors, though we do not invest in commercial or residential real estate. In this issue: Uber’s impact on taxi drivers, Ather Energy, Huawei, AI pizza checker and more. Ather will use this round of funding to expand in newer markets and boost the production capacity of its electric scooters to 25,000 units per year by the end of 2019 May 29, 2019 by The Passage Team Bengaluru based electric two wheelers manufacturer Ather Energy has raised USD 51 million led by Flipkart co-founder Sachin Bansal, who invested USD 32 million. In his previous entrepreneurial ventures, Punit has invested $100Mln in the last 10 years in Clean Energy. Ather Energy is a cool Indian start-up that was founded back in 2013 with a focus on producing premium street legal electric moped machinery specifically for the Indian market. Ather Energy was one of the earliest start-u. Ather Energy has so far raised $95 million in five rounds of funding and has Hero MotoCorp, Tiger Global, and Flipkart founders Sachin and Binny Bansal as its investors. Ather Energy's top competitors are GoGreenBOV, Ampere and Okinawa Scooters. Nearly 200,000 jobseekers have engaged with the Shortlist platform, where they are able highlight their strengths and be considered for jobs based on demonstrated potential and fit, not merely their. The Bengaluru-based electric scooter maker is preparing a blueprint to install charging stations at. Punit is passionate about Sustainable Energy and Sustainable Transportation. Ather Energy, a Bangalore-based start-up on Friday said it has received $12 million in funding from Tiger Global. your password. Known as "India's Tesla," the Bengaluru-based company is expanding just as two-wheelers are projected to dominate India's EV market. Raman Pillai - CIO - Ather Energy at 10th SIITF 2019 VARINDIA - India's frontline IT Magazine, provides the real time IT News. Electric scooter maker Ather Energy has raised $51 million in a fresh funding round, which saw Flipkart co-founder Sachin Bansal invest $32 million in the company. The latest round of fund infusion has valued the Bengaluru-based company at $400 million. BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. Ather Energy CEO and co-founder says that if India is to go fully electric by 2030, then we need to address a few basic things. It has also established electric vehicle charging infrastructure AtherGrid. We at Ather energy have an update, regarding the development work of 'S340' - The next generation electric scooter. Ather Energy was founded in 2013 by Tarun Mehta and Swapnil Jain. Ather Energy Pvt. The power to manipulate energy. With the the current auto-majors having a strong influence on markets and policies, it is indeed difficult not to fizzle out. by the brand reportedly raised around Rs 350 crore in its latest round of funding and has earmarked about Rs 130 crore to set up around. This sum was used in the research and development of the company's first electric scooter - the Ather S340. Manage Favorite Cities; Log in | Join. Ather Energy raises $51Mn in the latest round of funding led by Sachin Bansal Posted on May 28, 2019 May 29, 2019 by plus530 Ather Energy, India's first intelligent electric scooter manufacturer, raised an investment of $51 Mn in its latest round of funding, led by Sachin Bansal's investment of $32 Mn. Ather Energy To Launch Ather S340 Electric Scooter By Year End, Launched Charging Points For EVs In Bengaluru; One of the leading electric. Tim Purcell. Ather Energy has commenced the deliveries of its leased scooters in Bangalore. Ather Energy raises $51Mn led by Sachin Bansal, plans 1 million unit factory Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0. The S340 is powered by a lithium-ion battery, and is built on an aluminium frame. The funding is led by Sachin Bansal's investment of USD 32 million. Ather is planning a new manufacturing facility which will be designed to produce 1 million vehicles a year. Jeff John Roberts / Fortune: Layer1 raises $50M from Peter Thiel and others at $200M valuation for a planned wind energy-backed bitcoin mining operation in Texas using custom cooling tech Open Links In New Tab. Can Ather Energy Stick To Its Vision of Being More Than Just Another E-Bike Company? The company's series B funding has come from the world's largest two-wheeler manufacturer. 33 crores approx) from Tiger Global. As the energy stream threatened to kill Kuvira, Korra jumped in its path, activated her Avatar State, and used energybending to divert its course. Before Hero MotoCorp, it had secured about Rs 75 crore ($12 million) in funding from US-based hedge fund and venture capital investor Tiger Global in early 2015. We believe in a cleaner, greener, more sustainable energy future – and we make it easy for you to do your bit. Below is the summary of deals closed this week: Ather Energy: Ather Energy has secured $51 million in what looks like its Series D round and this investment has been led by Sachin Bansal with a $32 million cheque. Started by IIT Madras alumni Tarun Mehta and Swapnil Jain in 2013, the duo returned to their…. Ather Energy is building India’s first intelligent electric scooter and an electric vehicle charging network - AtherGrid. Ather Energy unveils its charging infrastructure network AtherGrid Ather Energy CEO Tarun Mehta said that they have currently installed 17 connected charging stations across Bengaluru, with plans. Ather Energy presently offers two bikes, the Ather 340 and the Ather 450. The new funding in Ather Energy was made by the country's largest two-wheeler maker Hero MotoCorp. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Managing Partner, Linzor Capital Partners. 5 Mn in the firm as. The new round of funding will be used for development, testing, production and the launch of Ather's first smart electric two-wheeler, the Ather S340. Aided by a breakthrough in the in-house designed Lithium-ion battery pack design, the team is gearing up for a production of the S340, by the end of the year. Ather Energy, India’s electric scooter startup, raised $51 million in new round of funding on Tuesday. Tesla Bounce bags $1. Hero MotorCorp invests Rs 20 cr in two-sheeler start-up Ather Energy Industry: Automobile November, 2017 Hero MotorCorp has invested an additional Rs 20 crore in Ather Energy, the smart electric two-wheeler start-up, as part of the company’s total commitment of Rs 205 crore for 26-30 percent of the stake in the company. — Mint MD&T Partners advised the company’s early backer Sachin Bansal , who had co-founded Flipkart, led by a team of partners PM Thimmaiah , Sandhya PV , senior associate Mythri Shenoy and associate Sruthi Amarala. Building a startup takes more than funding. Want to see more? Want to find out who got funded, and who's funding the next big thing? in real time? all across the world? tailored to your specific areas of focus?. Ather Energy raises $51Mn in the latest round of funding led by Sachin Bansal June 2, 2019 May 28, 2019 - by Shakthi - Leave a Comment Ather Energy, India’s first intelligent electric scooter manufacturer, raised an investment of $51 Mn in its latest round of funding, led by Sachin Bansal’s investment of $32 Mn. Jeff John Roberts / Fortune: Layer1 raises $50M from Peter Thiel and others at $200M valuation for a planned wind energy-backed bitcoin mining operation in Texas using custom cooling tech Open Links In New Tab. Ather Energy partners with Sanmina The smart electric two-wheeler startup, Ather Energy , announced it has signed an agreement with Sanmina Corporation, a leading integrated manufacturing solutions company headquartered in San Jose, California, to develop and manufacture key components designed by Ather for its maiden scooter - the Ather S340. June 2, 2019: A roundup of news and perspectives on disruptive technology from around the world. Flipkart co-founder Sachin Bansal led the round with $32 million in equity infusion while InnoVen Capital accounted for $8 million in venture debt. CME Group is the world's leading and most diverse derivatives marketplace offering the widest range of futures and options products for risk management. There’s more money racing into India’s increasingly competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. The scooter is the maiden venture of Ather Energy, a Bangalore based technology. Electric vehicle startup Ather Energy has raised seed funding from Flipkart founders Sachin and Binny Bansal, the company said on Tuesday. The Pune-based startup said Tata’s investment comes right before the launch of its flagship motorcycle product T6X. Ather Energy, India's first intelligent electric scooter manufacturer, raised an investment of $51 Mn in its latest round of funding, led by Sachin Bansal's investment of $32 Mn. The round was. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. WoW Classic: 17 Crazy Items You Need to Have; South Korea-based Mathpresso, developer of tutoring app Qanda, raises $14. Fine needles are inserted at certain sites in the body for therapeutic or preventative purposes. Ather Energy has raised $51 million in its latest round of funding which was led by Bansal. The fund is designed to reinvest revenue earned at the wind farm into nearby communities by way of financial support for community-based initiatives, projects, and events. Aether focuses on private, upstream investments in natural resources globally. Ather Energy, an electric mobility solutions brand headquartered in Bengaluru Karnataka which also claims to be the first intelligent electric scooter manufacturer has raised an investment of USD 51 million in its latest round of funding. The primary source of funding may also be different: whereas a cooperative corporation generates most or all of its revenue through the sale of goods and services, a nonprofit can receive tax-deductible donations from community members and foundations, and is limited in the amount of business activity it conducts unrelated to its charitable. Raising venture capital was turning out to be impossible as investors weren't willing to risk their funds on an idea as audacious as theirs: a smart electric vehicle for the Indian market. Electric scooter maker Ather Energy raised $51 million in a fresh round of funding, the startup said on Tuesday, at a time when rising pollution levels have prompted the Indian government to push for more electric vehicles on the road. Tiger Global Management and Hero MotoCorp-backed smart scooter maker Ather Energy has secured $32 million from Flipkart's co-founder Sachin Bansal and $8 million in venture debt from InnoVen Capital. Some photos of the impressive looking Ather e-scooter In a year the Ather team has expanded from two of us working in a lab to a team of 15 full time members working on various aspects of development. Read more about Ather Energy rides high on electric scooters, may hit sales of 1 mn by 2023 on Business Standard. For people not in the know, the Ather 340 electric scooter project received its first major funding of $1 million (around Rs 6. recently raised $51 million through a latest funding round which was reportedly led by Sachin Bansal (Flipkart Co-Founder) who invested around $32 million, followed by Indian automaker Hero MotoCorp Ltd. Ather Energy, India's intelligent electric scooter manufacturer, raised $51 million in its latest round of funding, led by Flipkart's co-founder Sachin Bansal's investment of $32 million. The startup’s first smart electric scooter was unveiled at the Web Summit Surge conference in Bangalore on Tuesday. This is the Ather Energy company profile. Ather Energy was one of the earliest start-up funding of Sachin Bansal when he invested $0. Punit is passionate about Sustainable Energy and Sustainable Transportation. Ather Energy, Indias intelligent electric scooter manufacturer, raised $51 million in its latest round of funding, led by Flipkarts co-founder Sachin Bansals investment of $32 million. Hero MotoCorp has invested US$ 19 million in the latest round along with InnoVen Capital that has put in. If you think our information needs to be updated, please verify GST number that you have. Flipkart co-founders Sachin and Binny Bansal have invested $1 million in Ather, a start-up focused on designing high-speed electric two-wheelers, in their third investment since June. Ather Energy raises Rs 180 crore from Hero MotoCorp 27 th Oct 2016 4:18 pm. There's more money racing into India's increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. Hero MotoCorp-backed electric two-wheeler startup Ather Energy, which will launch its first electric scooter S340 on June 5, has lined up an investment of about Rs 130 crore to set up charging infrastructure in 30 cities by 2022. is a boutique investment management firm formed to offer private equity funds focused exclusively on real assets. The Bengaluru-based company is backed by marquee. Ather Energy Ather is the largest startup operating in e-mobility space in India. Ather Energy plans to replicate Tesla Inc. Ather Energy has 500 employees across 4 locations and $91 m in total funding,. However, VC investments might need time to pick up here, since identifying a solution and the start of manufacturing could need larger investment. Ather Energy raises Rs 355 crore in fresh funding, led by Rs 223 crore investment by Sachin Bansal. Whether it be comfort, or safety, or acceleration or control or even cost - Ather's vehicles will better the petrol alternative. Tesla Bounce bags $1. See insights on Ather Energy including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Technical support for Wanco® products including documents and contact forms, or call toll-free in North America 1-800-972-0755 or 303-427-5700. The funding is led by Sachin Bansal's investment of USD 32 million. Ather gets over Rs 220 cr funding from Flipkart founder Sachin Bansal Ather Energy has raised $51 million (approx Rs 354 crores) which will be used to expand its electric scooter business in the. Ather Energy raises $51million from Sachin Bansal, others To meet the projected demand in the coming years, the company is planning a new manufacturing facility which will be designed to produce 1. 5m in debt funding from Sachin Bansal-led BACQ India’s Ather Energy raises $51 million to. Ather Energy raised a total of $59,000,000 in funding over 4 rounds. But, with the government’s push on electric mobility things are improving. Backed by founders of Flipkart, Tiger Global, Hero Motocorp and others, Ather Energy has designed India's first truly intelligent electric scooter Ather 450, powered by a comprehensive public charging. Mehta says, “This is when you start isolating systems and start to truly understand where the failures are happening. In addition to this, InnoVen Capital has extended an $8 Mn venture debt. The company, which is currently designing an electric two-wheeler, said that the money. He had invested US$ 0. Its authorized share capital is Rs. Bansal has made an investment of $32 million into Ather. Ather Energy Ather is the largest startup operating in e-mobility space in India. See Ather Energy's revenue, employees, and funding info on Owler, the world's largest community-based business insights platform. Ather Energy To Launch Ather S340 Electric Scooter By Year End, Launched Charging Points For EVs In Bengaluru; One of the leading electric. Ather Energy, which has raised USD 51 million in its latest round of funding. There’s more money racing into India’s increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. In 2006, when I was going through severe depression stemming from grief cause by my father end stage terminal battle. There's more money racing into India's increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. Bengaluru firm aims to achieve annual sales of 10 lakh units in the next five years. Raising venture capital was turning out to be impossible as investors weren't willing to risk their funds on an idea as audacious as theirs: a smart electric vehicle for the Indian market. The electric bike startup had earlier raised funding from Hero MotoCorp and Innoven Capital. Ather e-Scooter S340 (courtesy: Ather) Ather e-Scooter S340 Features: Ather S340 is powered by a lithium-ion battery pack, which has a life of 50,000 kms. The new funding in Ather Energy was made by the country's largest two-wheeler maker Hero MotoCorp. Major acceleration! Electric scooter manufacturer Ather raises $51 mn funding led by Sachin Bansal In a big shot in its arm, electric scooter manufacturer Ather Energy has raised an investment of $51 mn in its latest round of funding, led by Sachin Bansal's investment of $32 mn. Ather has received Rs 180 crore cash investment while Hero in exchange has picked 26-30 per cent stake in the company. Original equipment makers (OEMs) might be looking at investing in end-to-end solution providers such as Ather Energy or Ampere Vehicles. Existing investor Hero MotoCorp converted its convertible debt of $19 million as a part of this round, increasing its stake in Ather Energy to 35. It was September of 2014, and Ather Energy cofounders Tarun Mehta andSwapnil Jain were running out of money. The round was. Electric vehicle startup Ather Energy has raised seed funding from Flipkart founders Sachin and Binny Bansal, the company said on Tuesday.