Ather Energy raises US$ 50 million in funding

TusharK · 20th October 2022, 11:58

Bangalore-based electric 2-wheeler start-up Ather Energy has raised US$ 50 million in funding. It is said that the latest round of investment was led by Caladium Investment, along with Herald Square Ventures.

Ather Energy raises US$ 50 million in funding-ather450x1068x651.jpg

According to a media report, the latest round is an extension of its US$ 128 million fundraise, which was led by the National Investment and Infrastructure Fund (NIIF) and Hero MotoCorp. Following the latest round of funding, the company has been valued at US$ 700-800 million.

The fresh influx of funds comes at a time when Ather Energy is looking to expand its production capacity. The company currently has its second manufacturing unit ready to go online. It has the capacity to produce 4,00,000 units per annum.

The report also states that Ather Energy is already in discussions with stakeholders to set up a third manufacturing unit.

Source: ET Auto

Link to Team-BHP News

bronco · 20th October 2022, 13:41

Why Ather is looking to expand its production capacity when it already has a capacity of 4,00,000 units per year.

The company currently sells ~6000 units per month (Sept 2022 - 6,164), utilizing less than 1/4th of its production capacity.

Instead, they should focus on launching a mass market product without all the tech (touch screen, cloud features, etc) for <1L.

20th October 2022, 11:58	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,266 Thanked: 55,809 Times	Ather Energy raises US$ 50 million in funding Bangalore-based electric 2-wheeler start-up Ather Energy has raised US$ 50 million in funding. It is said that the latest round of investment was led by Caladium Investment, along with Herald Square Ventures. According to a media report, the latest round is an extension of its US$ 128 million fundraise, which was led by the National Investment and Infrastructure Fund (NIIF) and Hero MotoCorp. Following the latest round of funding, the company has been valued at US$ 700-800 million. The fresh influx of funds comes at a time when Ather Energy is looking to expand its production capacity. The company currently has its second manufacturing unit ready to go online. It has the capacity to produce 4,00,000 units per annum. The report also states that Ather Energy is already in discussions with stakeholders to set up a third manufacturing unit. Source: ET Auto Link to Team-BHP News Last edited by TusharK : 20th October 2022 at 11:59.
	() Thanks

20th October 2022, 13:41	#2
bronco BHPian Join Date: Nov 2019 Location: Chennai Posts: 49 Thanked: 161 Times	Re: Ather Energy raises US$ 50 million in funding Why Ather is looking to expand its production capacity when it already has a capacity of 4,00,000 units per year. The company currently sells ~6000 units per month (Sept 2022 - 6,164), utilizing less than 1/4th of its production capacity. Instead, they should focus on launching a mass market product without all the tech (touch screen, cloud features, etc) for <1L.
	(10) Thanks