Ather Energy has raised $158.8M. With Ather . Hero MotoCorp currently holds a 34.58% stake in Ather Energy. The EV startup will utilise the funds to boost expansion. Fun. Ather Energy Private Limited is an unlisted private company incorporated on 21 October, 2013. Ather has sparked a lot of interest in the two-wheeler segment with a promising product lineup and an unorthodox business model and way of operation. Ather Energy's latest funding round in November 2020 was reported to be $35 m. In total, Ather Energy has raised $137.2 m. Hero MotoCorp has been an investor in Ather since 2016, when it first invested as a part of Series B funding. Last November, Ather Energy had raised USD 35 million in a funding round led by Flipkart co-founder Sachin Bansal's investment of USD 23 million, while Hero MotoCorp had invested USD 12 million as a part of the Series D round. The company's board has approved the investment in one or more tranches. Ather Energy, an electric two-wheeler maker, has secured Rs 130 crore in debt funding led by existing investor Hero MotoCorp. Ather Energy is funded by 6 investors. Today, Hero MotoCorp has announced an investment of Rs 84 crore (US $11 million) in . Bangalore-based EV startup Ather Energy raises $35 million in its Series D funding round led by Flipkart's Co-founder Sachin Bansal. Besides raising its stake in Ather Energy, Hero MotoCorp also plans . In October this year, Ather . Ather Energy, an EV startups with a specialisation in two wheelers, and has been backed by Hero MotoCorp (one of India's biggest automobile manufacturers), has raised $35 million in a Series D . Ather Energy has commissioned its second manufacturing facility in Hosur to satisfy to the growing demand of its electric scooters, the 450X and 450 Plus, the firm stated in a statement. The Pawan Munjal-led group was the primary investor in Ather Energy's Series B fundraise in 2016 and owns around 35% stake in the company. The investment will help with expansion plans & fasten 450X deliveries. Hero MotoCorp is an early investor in Ather Energy and has been part of its growth story since 2016. In February this year, the company had announced an investment of Rs 635 crore over the next 5 years. Ather Energy raises $35 million in funding round led by Sachin Bansal . November 29, 2021. It has also established one of the fastest electric vehicles charging infrastructure Ather Grid, which was built . The new investment increases Hero's stake in Ather to 34.58 per cent, up from the previous 31.27 per cent. Post the investment, the shareholding will increase and the . Shares of Hero MotoCorp (HMCL) gained 5 per cent at Rs 2,703.50 on the BSE in Monday's intraday trade after the world's largest manufacturer of motorcycles and scooters, announced a new investment of up to Rs 420 crore in Ather Energy.. Ather, an existing Associate company of HMCL, is engaged in the business of designing, manufacturing, producing, selling, servicing, software development . 89 crore as part of the Series D round. When was the last funding round for Ather Energy? Till date, Ather Energy has raised around $100 million in equity funding and counts the likes of Tiger Global Management, Flipkart co-founder Binny Bansal and Innoven Capital as its investors. They had previously raised approximately Rs 180 crores, in the 'Series B' investment round, and one of the primary investors was Hero MotoCorp. The funding is led by Sachin Bansal's investment of USD 32 million. Ather Energy is one of the leading manufacturers in the electric vehicle industry in India and now, it has managed to garner a new investment from Hero MotoCorp. Sachin has been part of our growth journey and this investment is a strong endorsement of the momentum we've built over these years," said Tarun Mehta, Co-founder & CEO, Ather Energy. The company started first investing in Ather back in 2016. ETAuto Prior to the proposed investment, Hero MotoCorp owned 34.8 per cent of Ather Energy — on a fully diluted basis. Ather Energy has 6 investors including HeroMotoCorp Ltd and HeroMotoCorp Ltd. How much funding has Ather Energy raised to date? The plant spreads over 4,00,000 sq ft and it will manufacture electric scooters along with lithium-ion batteries. It is classified as a private limited company and is located in Bangalore, Karnataka. Ather Energy commissions second plant, to invest Rs. - Ather gets Rs 420 crore investment from Hero. Ather Energy has raised a total of $210.9 M in funding over 8 rounds. Ather Energy - Funding and Investors. Prior to the investment, Hero MotoCorp's shareholding in Ather Energy was 31.27 per cent. 420 crore in Ather Energy. The exact shareholding percentage will be calculated upon the completion of capital raise by Ather. February 12, 2021 EV startup Ather Energy unveils 123K sq ft Hosur factory, aims to invest Rs 630 Cr over 5 years By Thimmaya Poojary. Sachin Bansal was one of the early investors in Ather Energy. Engineered ground-up with a singular focus on performance, the Ather 450X is a sheer joy to ride. Ather 450 Plus And 450x Get A New SmartEco Mode Via OTA Update. Ather Energy sets sight on new expansion goals; will expand presence to 50 cities by 2022 It is no secret that Ather Energy, the Bengaluru-based EV start up, has, well, thrived in India since its inception. Bengaluru-based electric vehicle start-up, Ather Energy has raised an additional ₹ 260 crore ($35 million) in its latest round of funding. Last November, Ather Energy had raised $35 million in a funding round led by Flipkart co-founder Sachin Bansal's investment of $23 million, while Hero MotoCorp had invested $12 million as a part of the Series D round. Explore performance. 450 പ്ലസ്, 450x സ്കൂട്ടറുകൾക്ക് OTA അപ്ഡേറ്റ് വഴി സ്മാര്ട്ട്എക്കോ (SmartEco) എന്ന പുതിയ റൈഡിംഗ് മോഡ് ഏഥര് എനര്ജി (Ather Energy . Prior to the proposed investment, Hero MotoCorp's shareholding in Ather Energy was 34.8% (on a fully diluted basis). Ather Energy will put up its second manufacturing facility at Hosur, and . Meanwhile, the brand is also pushing for an international debut, which would later lead to exports of its vehicles from India. India's Hero Motocorp to invest over $56 million in EV start-up Ather Energy Indian two-wheeler vehicle maker Hero Motocorp Ltd said it would invest up to 4.20B rupees ($56.66M) in electric vehicle (EV) start-up Ather Energy as it looks to expand its presence in the green mobility space. EV startup Ather Energy to expand manufacturing facility to 4 lakh units per annum. Ather Energy was one of the earliest start-up investments of Bansal, who chipped in as an angel investor with USD 0.5 million funds in the firm in 2014. Ather Energy CEO Tarun Mehta Image: Ather Energy T he IIT Madras graduate found the proposal shocking. Tiger Global Management, Sachin Bansal, Binny Bansal, Hero MotoCorp Ltd, Hero MotoCorp. The latest funding of $56.46 mn was raised by Ather from Hero MotoCorp on January 14, 2022. The round was . It's authorized share capital is INR 77.92 lac and the total paid-up capital is INR 38.61 lac. Ather Electric Scooter Franchise 2022 The company tagline for retail-partnership is "The future of automobiles. The company's board has approved the investment in one or more tranches, Hero Motocorp said in a statement. Investors HeroMotoCorp Ltd Ather Energy InnoVen Capital Pic- Ather Energy. The country's largest two-wheeler maker Hero MotoCorp Friday announced a new investment of up to Rs. Ather Energy is an electric vehicle company that manufactures electric scooters. This is a private electric vehicle manufacturing Bangalore-based company. View information about the Ather Energy funding at AngelList! Highlights. According to a BSE filing, with this latest investment, Hero MotoCorp's share in Ather Energy has increased to 34.58%. The country's largest two-wheeler maker Hero MotoCorp on Friday said its board has approved to further invest up to Rs 420 crore in electric two-wheeler company Ather Energy. The company raised its stake to 34.58% in July 2020 and later invested an additional Rs. According to Entrackr's report, the regulatory filing discloses . Funding Rounds Number of Funding Rounds 6 Total Funding Amount $158.8M Ather Energy has raised a total of $158.8M in funding over 6 rounds. Last November, Ather Energy had raised USD 35 million in a funding round led by Flipkart co-founder Sachin Bansal's investment of USD 23 million, while Hero MotoCorp had invested USD 12 million as a part of the Series D round. Hero MotoCorp is all set to invest more in Ather Energy and increase its stake in the electric vehicle brand. This is the first capital infusion in the Bengaluru-based startup this year. The continued investment by the existing investors is a manifestation of confidence in the brand and the sector, it said. Ather Energy is currently funded by 5 main investors. Ather Energy, which has Tiger Global and Indian bikemaker Hero MotoCorp as investors, has raised roughly $160 million since its creation in 2013 and is in the process of raising more, says company . "It was a terrible idea," recalls Tarun Mehta, who cofounded Ather Energy with Swapnil . Ather Energy, one of India's first intelligent electric scooter manufacturers, has raised an investment of US $35 million (Rs 260 crore) in its latest round of Series D funding led by Sachin . Hero MotoCorp is ramping up its e-mobility plans. Despite COVID-19 disruptions and business plans getting delayed by 3-4 months, company to stick to its . Ather Energy is one of the biggest start-ups in the Indian auto industry, which started journey back in 2016. Prior to the proposed investment, Hero MotoCorp's shareholding in Ather Energy was 34.8% (on a fully diluted basis). 650 crore in 5 years. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested $0.5 million in the firm as an angel investor in 2014 and with this round, has made a total investment . Ather Energy are the makers of one of the best selling electric scooter in India. The company is also exploring collaborations with Ather Energy in various spheres, such as . Choose the right Crunchbase solution for you {photo-feature} Be. Ather Energy, India's top electric scooter maker by revenue, is raising funds to ramp up annual production to one million scooters over the next three years amid a surge in demand, the startup's . In November 2020, Ather raised $35 million in its Series D funding round. Hero MotoCorp, a manufacturer of motorcycles and scooters, is investing ₹4.2 billion (~$56.44 million) in Ather Energy, an electric two-wheeler manufacturer.. HeroMotoCorp Ltd and HeroMotoCorp Ltd are the most recent investors. Contact Information Website www.atherenergy.com Ownership Status Privately Held (backing) Financing Status Venture Capital-Backed Primary Industry Automotive Primary Office 3rd Floor Tower D, IBC Knowledge Park Bannerghatta Main Road Bengaluru, Karnataka 560029 India +91 080664 00000 Ather Timeline 2019 2020 2021 2022 Ather Energy's new scooter plant in Hosur, Tamil Nadu, has started production with an investment of more than Rs 630 crore. Hero MotoCorp was one of the early investors in the Bangalore-based EV start-up. Hero MotoCorp has been one of the early investors of ATher and has been supporting the . 420 Crore in Ather Energy. Find out about the total amount raised, the number of rounds, and other funding information from Ather Energy. Hero MotoCop investing Rs 420 crore in Ather Energy. Net worth of the company has increased by 50.29 %. Ather Energy, a Bengaluru-based electric vehicle startup, announced that it has raised Rs 84 crore fresh funding from Hero MotoCorp. Sachin has been part of our growth journey and this investment is a strong endorsement of the momentum we've built over these years." EBITDA of the company has increased by 4.39 %. Besides Bansal, Hero MotoCorp has also invested $12 million as a part of the Series D round in the EV startup, according to a release. Post the investment, the shareholding will increase and the exact . Ather Energy investors. Out accelerate everyone with a twist on the throttle, cruise at top speeds and criss-cross across the city on a single charge. The company has announced an investment of Rs 635 crore over the next five years and the new Hosur facility has been set up with an investment of Rs 130 crore. Prior to the proposed investment, Hero MotoCorp's shareholding in Ather Energy was 34.8% (on a… In February this year, the company had announced an investment of ₹ 635 crore over the next 5 years. Hero MotoCorp had a 34.8 percent stake in Ather. Hero MotoCorp's board of directors has approved a new investment in the Bengaluru-based electric vehicle company worth roughly $56 million USD. The company is also exploring collaborations with Ather Energy in various spheres, such as charging infrastructure, technology and sourcing. Bengaluru-based electric two-wheelers maker Ather Energy, has raised an investment of $35 Mn in its latest round of Series D funding, led by Flipkart cofounder Sachin Bansal's who pitched in $23 Mn. Ather Energy currently manufactures. 420 Crore in Ather Energy.The company's board has approved the investment in one or more tranches. Revenue / turnover of ATHER ENERGY PRIVATE LIMITED is INR 1 cr - 100 cr. Their latest funding was raised on Jan 14, 2022 from a Series D round. It manufactures two electric scooters - the Ather 450X and the Ather 450 Plus.It has also established electric vehicle charging infrastructure across the country called Ather Grid. Following the investment, Ather's shareholding will grow and the exact . IBEF : November 30, 2021. Tiger Global Management, Sachin Bansal, Binny Bansal, Hero MotoCorp Ltd, Hero MotoCorp. Ather Energy investors. Ather Energy plans to retail its scooters in 21 Indian cities by the end of 2021. 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 is set to unveil its own first electric vehicle in March. The world's largest manufacturer of motorcycles and scooters Hero MotoCorp has announced a new investment of up to Rs.420 crore in Ather Energy.Prior to this, the company's shareholding in Ather Energy stood at 34.8 percent. It has plans to expand into 20 cities by the end of next year and set up a new manufacturing plant in Hosur, in Tamil… - Hero to launch first e-scooter in March. This is not the first time Hero MotoCorp has invested in Ather Energy. On whether Ather Energy will rope in new investors, or will it depend on existing investors for future funding, he said it would depend on a lot of factors but "where Ather is, where the business . Ather Energy closed its last funding round on Jan 14, 2022 from a Series D round. The plant spreads over 4,00,000 sq ft and it will manufacture electric scooters along with lithium-ion batteries. Ather was successful in securing funding from the country's biggest two-wheeler manufacturer in the early series B funding round. Hero MotoCorp announced a new investment of up to Rs. 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. Ather Energy has been on a trajectory of constant growth and the new investment will help it go further. Ather Energy's new scooter plant in Hosur, Tamil Nadu, has started production with an investment of more than Rs 630 crore. New Delhi: The country's largest two-wheeler maker Hero MotoCorp Friday said its board has approved to further invest up to Rs 420 crore in electric two-wheeler company Ather Energy. Ather Energy has received a sanction letter from Hero FinCorp Limited [an associate company of Hero MotoCorp] for a loan amount of Rs 130.00 crore, regulatory filings show. Ather Energy has earlier raised Rs 130 crores ($17.24M) from Hero MotoCorp. Ather Energy , the Bengaluru-based electric scooter manufacturers have announced that they have managed to raise new investments of $35 million in their latest Series D round. Hero MotoCorp Investments in Ather Energy. Bengaluru-based electric mobility start-up, Ather Energy has announced a fresh investment of ₹ 84 crore ($11 million) by Hero MotoCorp, as an extension of its Series C round of funding that was led by Sachin Bansal. The investment is a precursor to expanded collaboration with Ather Energy on electric-charging infrastructure and technology. Ather Energy is an Indian electric vehicle company, headquartered in Bangalore.It was founded by Tarun Mehta and Swapnil Jain in 2013. Top speed 80 km/h 0 - 40 km/h in 3.3 s Certified Range 116 km Explore performance Riding Designed for the our roads. The company plans to manufacture 400,000 units per annum . The company was founded by Tarun Mehta and Swapnil Jain in 2013. Hero MotoCorp gained 5% after Rs.420 cr investment in Ather Energy. Engineered ground-up with a singular focus on performance, the Ather 450X is a sheer joy to ride. 0 - 40 km/h in 3.3 s. Certified Range 116 km. Apart from the EV manufacturing, the facility will also focus on lithium-ion battery manufacturing, which is a crucial area of focus for Ather Energy going ahead, the company said, adding it has designated "investment of Rs 635 crore over next five years".. Additionally, the company said, this investment is an opportunity for value creation in the sector and will create job opportunities . The company's board has approved the investment in one or more tranches, Hero Motocorp said in a statement. Out accelerate everyone with a twist on the throttle, cruise at top speeds and criss-cross across the city on a single charge. Hero MotoCorp will be investing up to Rs. 17 January 2022, 10:03 AM Pratheek Kunder. Hero MotoCorp gained 5% after Rs.420 cr investment in Ather Energy. Here is a summary of financial information of ATHER ENERGY PRIVATE LIMITED for the financial year ending on 31 March, 2021. The world's largest manufacturer of motorcycles and scooters Hero MotoCorp has announced a new investment of up to Rs.420 crore in Ather Energy.Prior to this, the company's shareholding in Ather Energy stood at 34.8 percent. Hero MotoCorp invests Rs 84 crore in Ather Energy Hero MotoCorp has been a part of Ather's growth story since 2016, when it first invested as a part of Series B funding. Post this fresh investment, shareholding will increase and exact . "We were one of the early investors in Ather Energy and have continued to expand our association over the years," Swadesh Srivastava, head, emerging . The country's largest two-wheeler maker Hero MotoCorp NSE -0.92 % Friday announced a new investment of up to Rs. This has been evidenced not only in the sales of company's electric scooters in India, but also how rapid its growth has been. Ather Energy, maker of electric scooters, has already raised Rs 84 crore from Hero MotoCorp. Hero MotoCorp had a 34.8 percent stake in Ather Energy prior to the proposed investment. Ather Energy's latest funding round in November 2020 was reported to be $35 m. In total, Ather Energy has raised $137.2 m. The company's board approved the investment in one or more tranches, aiming to increase its shareholding in Ather Energy. Hero MotoCorp is an early investor in Ather Energy and has been part of its growth story since 2016. Talking about the new investment, Tarun Mehta, Co-Founder & CEO, Ather Energy stated, "Electric vehicles are here to stay and Ather Energy is playing a leading role in driving this change. 420 Crore in Ather Energy, an Indian electric mobility firm that designs, manufactures, and sells high-performance smart electric scooters. Ather Energy has been backed up by Hero MotoCorp since the company's first investment in the October of 2016. Total assets of the company has increased by 42.22 %. Plans getting delayed by 3-4 months, company to stick to its investment will help with plans... By 4.39 % cities by the end of 2021 increased by 42.22 % stake to 34.58 % July... 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