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Old 28th October 2016, 10:47   #1
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Default Hero invests Rs. 205 crore in electric two-wheeler start-up, Ather Energy

Hero MotoCorp has invested Rs. 205 crore in a Bangalore-based electric two-wheeler start-up named Ather Energy. The Indian two-wheeler manufacturer revealed this new investment after its board sanctioned the said amount, terming it a strategic investment. Hero is looking at controlling approximately 26-30% of shares in the start-up through this new funding round.

Ather Energy was formed in 2013 by IIT Madras graduates Tarun Mehta and Swapnil Jain. It focuses on electric mobility with the aim of bringing connected electric vehicles within reach of the masses. The founders claimed that there won’t be any changes to the company's planned portfolio and way of working after the new round of funding.

Ather Energy had earlier received a funding of USD 12 million from Tiger Global. This sum was used in the research and development of the company's first electric scooter - the Ather S340. The S340 is powered by a lithium-ion battery, and is built on an aluminium frame. It was unveiled in February, 2016 (Ather Energy unveils the S340 Electric Scooter). The S340 has a company claimed top speed of 75 km/h. With the latest round of funding, Ather Energy is now planning to build a manufacturing plant with a capacity of 10,000 units, which can be scaled up as per demand.

Source: Car and Bike

Hero invests Rs. 205 crore in electric two-wheeler start-up, Ather Energy-cvxm47uvuaaoqnm.jpg
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Old 28th October 2016, 11:21   #2
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Default Re: Hero invests Rs. 205 crore in electric two-wheeler start-up, Ather Energy

Wow, that's very impressive. No better attestation of Ather Energy's capability than India's biggest 2-wheeler manufacturer investing a tidy sum in it. Leaving the money aside, the real value is here = Ather Energy will learn a lot about production, sales & marketing, distribution etc. from Hero. After all, who knows the 2-wheeler market better than them (stop grinning, Honda)?

Shows that the li'l company means business. Wish them well. There's certainly a lot of interest around the S340.

Check out Samurai's awesome report here (Ather Energy unveils the S340 Electric Scooter).
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Old 28th October 2016, 13:36   #3
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Default Re: Hero invests Rs. 205 crore in electric two-wheeler start-up, Ather Energy

Generated quite a buzz on TBHP some time back: [edit] already posted by GTO.
And the best thing is that Hero plonking in monies will definitely result in something on-road!

Hero: please pay attention to the particular post: http://www.team-bhp.com/forum/motorb...ml#post3925158 (Ather Energy unveils the S340 Electric Scooter) and the detail: http://www.team-bhp.com/forum/motorb...ml#post2739096 (Hero Electric @ Auto-Expo 2012)

Last edited by alpha1 : 28th October 2016 at 13:44.
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