Ather Energy Stock
Intelligent Electric Scooters
About Ather Energy Stock
Ather Energy, India’s first intelligent electric vehicle manufacturer was founded in 2013 by IIT Madras alumni, Tarun Mehta and Swapnil Jain. 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 network, Ather Grid, built and designed in India. With 31 charging Points in Bengaluru and 7 charging Points in Chennai, Ather Grid is the largest fast charging network for electric vehicles in the country. The company’s product line has won 25 awards in the design, automotive and technology categories. With over 51 patent applications, 113 trademarks and 123 design registrations to its name, Ather Energy aims to provide consumers with the best possible ownership experience. Ather Energy currently operates in Bengaluru and will be entering the Chennai market in the coming weeks, followed by other major cities across the country.
Investors
InnoVen Capital
Tiger Global Management
Flipkart, JUUL, Grab, Palantir Technologies, Avant, Pure Storage, Databricks, Toast, Square, Postmates
Funding History
| December 2014 | $1.0M |
|---|---|
| May 2015 | $12.0M |
| October 2016 | $27.0M |
| May 2019 | $51.0M |
Management
Chief Executive Officer
Tarun Mehta
Chief Financial Officer
Deepak Jain
Chief Product Officer & Founding Partner
Arun Vinayak
Press
Financial Express - May, 20 2020
Forbes - Sep, 30 2019
Forbes - Sep, 30 2019
TechCrunch - May, 28 2019
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