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    Ather Raises Rs 991 Cr In Funding – New Electric Scooters Incoming

    India’s sovereign wealth fund, NIIFL, Hero MotoCorp lead Series E funding. Ather Energy raises $128 millionAther Electric ScooterAther Energy has reported a strong start in 2022. In April 2022, the manufacturer reported its highest ever monthly sales having delivered 3,779 units. Simultaneously, bookings for Ather 450X have been growing 25 percent quarter-on-quarter.Currently, the company’s retail sales network spans 32 cities with 38 Experience Centres. This will be expanded to 150 Experience Centres in 100 cities by 2023. And now the manufacturer boasts of yet another feather in its cap. It has bagged the first direct investment in the electric mobility manufacturing sector by the country’s sovereign wealth fund.NIIFL, Hero MotoCorp – Ather investorsThe Series E funding amounts to $128 million or Rs 991 crores. Investment agreements were signed with National Investment and Infrastructure Fund Limited’s (NIIFL) Strategic Opportunities Fund (SOF), Hero MotoCorp, a leading shareholder of Ather, and additional investors. The latest infusion of cash adds to the amount raised in earlier rounds of funding. To date, Ather Energy has raised over $230 million financing. Tiger Global and Flipkart cofounder, Sachin Bansal are investors.In this round, Hero MotoCorp invested $56 mil, about Rs 420 crore. Most of the remaining amount is invested by NIIFL. Other existing investors, including angel founders further boosted the round with minor investments. To date Hero MotoCorp is the largest investor. Ather Energy plans to remain independent with investor goals aligned towards an Initial Public Offering (IPO).Ather electric scooter fast charging techElectric two-wheeler segmentAs has been previously stated by the company, funding is earmarked to attain certain time-bound goals. This includes expansion of its manufacturing facilities, research and development, charging infrastructure, and retail network growth. Ather also has plans to launch new electric scooters, based on their current 450 series.Being NIIFL’s first direct investment in the manufacturing sector and in electric mobility bodes well. Both avenues have often been discussed and are key to ‘India’s green mission and decarbonisation goals’. NIIFL investment is a boost to the electric 2-wheeler sector in India. A segment in early stages development, and one with serious growth goals by the end of the decade.The funding directly supports 1st-gen local entrepreneur-manufacturers. Ather has already proven its growth potential with a limited line of new products built with a high level of indigenisation. SOF has previously invested in Aseem Infrastructure Finance, NIIF IFL, and Manipal Hospitals.Ather Energy capacity enhancementTarun Mehta, CEO, Ather Energy, said “The switch to electric is inevitable and FY 21-22 was the turning point for electric two-wheeler adoption in India. We are super excited to have NIIF come on board as an investor. They have been at the forefront of the country’s green transition through their investments and initiatives, and we look forward to our association.We would also like to thank Hero MotoCorp, our long-term investor and strategic partner who continues to support our growth. The current round of investment will help us enhance capacities across the board, bring additional focus on new platforms, expand into new geographies, expand our fast-charging network and double down on the reputation we’ve built for making a product that’s high on quality.” More

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    Ather Electric Scooter Sales April 2022 – Grows YoY And MoM

    Ather Energy reports manifold growth in April 2022, sells 3,779 units; reports MoM and YoY growthAther Electric ScooterThe electric two-wheeler industry in India has over time seen many new entrants. The marketplace is open to tech-based companies who are focused on changing the face of mobility in the years to come. This is in tandem with overall industry transition targets.India has largely been driven forward on two-wheelers. So, it’s not surprising that the e2W transition is expected to be the highest by the turn of the decade. With serious transition goals by 2030, the switch to e2Ws is expected to be in the region of 80 percent. With two-wheelers completely fuelled by petrol, this transition would change the course of crude oil import.Ather Electric Scooter Sales April 2022Electric two-wheeler manufacturers are seeing positive sales growth in recent months. April 2022 sales support the trend. Ather Energy reported sales at 3,779 units. YoY sales are up from 1,064 units. Volume growth stood at 2,715 units.Unlike last time, where MoM sales declined – this time they too have registered growth. April 2022 Ather MoM sales are up from 2,591 units. Volume growth stood at 1,188 units at 46 percent growth rate. YTD sales stands at 11,237 units, up from 3,697 units sold in Jan – Apr, 2021.Ather Electric Scooter Sales April 2022. 8 April 2021 sales no are an estimate, on the basis of % growth reported by Ather.Ather Energy expansionAther Energy has serious expansion plans. To reach more customers, the company is keen on expanding into new cities, introducing experience centres, and open dealerships. In April 2022 alone, Ather expanded its retail presence having inaugurated three new experience centres– Aurangabad (Maharashtra), Tirur and Malappuram (Kerala). Apart from this, the company is focused on strengthening its charging network.With multiple aspects of e2W industry development being worked upon simultaneously, growth trends have been heartening. But with industry goals being larger than life, growth needs to be faster. And while a range of charts point to operating costs being cheaper, namely the need not to spend on petrol, electric bikes aren’t cheap. In fact, Ather offers its scooters at a starting price of Rs 1.18L.e-scooter sales growthTwo wheeler sales far exceed four wheelers here. And electric alternatives are now available with a range that automatically widens its scope. Low-speed scooters can almost be ridden by anyone, and don’t require registration and licence. With EV tech improving continuously, range anxiety issues are already being answered. Plans to improve the EV charging network further eases EV transition.New age manufacturers are essentially moulding the e2W industry. Currently, the number of new manufacturers far exceeds the number of traditional manufacturers who are offering electric bikes. While the Indian two wheeler industry continues to be dominated by motorcycles, in the electric space, its electric scooters have taken the lead. In fact, the number of electric motorcycles on offer or intended for launch are far lower than e-scooters available. More

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    Ather Electric Scooter Prices April 2022 – In All Cities

    Ather has consistently expanded its dealer network and is now available in 30 cities across 15 statesAther Electric ScooterAn early entrant in the electric two-wheeler space, Ather Energy continues to mature as a reliable brand. The company has witnessed steady growth and is ranked among the top 10 electric two-wheeler brands. Sales will get a boost in coming months, as new dealerships are opened across the country.Ather dealer network updateWhen it had started out in 2018, Ather had presence in only a couple of cities. Around four years later, Ather has expanded across most of the major cities in the country. In the West, Ather has presence in Gujarat, Maharashtra and Goa. Ather showrooms in northern and central India are available in Delhi, Uttar Pradesh, Madhya Pradesh, Rajasthan and Chhattisgarh.Eastern states such as Assam and West Bengal have also been covered. Most dense network can be seen in the southern part of India, covering states like Karnataka, Tamil Nadu, Telangana, Kerala and Andhra Pradesh.Number of Ather dealerships are relatively more in this region, as compared to northern parts of the country. Ather is constantly looking to onboard new dealerships who may be willing to contribute to the EV revolution taking place in the country.Ather Electric Scooter Dealer Network as of April 2022Apart from expanding its dealer network, Ather is also focused on improving its charging infrastructure. Ather Grid currently has 350+ charging points across more than 30 cities. Users can quickly locate the nearest charging station via Ather app.Ather Grid points are equipped with DC fast chargers that can load battery power at the rate of 1.5 km per minute. Ather charging stations can be used by any electric vehicle that uses a 5 Amp charger. A lot more Ather Grid points are being added, which are playing a crucial role in eliminating the phenomenon of range anxiety.Ather electric scooter prices April 2022Prices of Ather electric scooters vary based on state subsidies and other exemptions such as NIL road tax and discounted RTO and registration charges. If we take Ather 450 Plus, it is the cheapest in Delhi. On-road price after FAME II and state subsidy is approx. Rs 1.24 lakh.Ather electric scooter prices – April 2022Delhi has been promoting the use of EVs by offering attractive subsidies. The state does not charge any road tax on electric two-wheelers and RTO / registration fee is among the lowest in the country. Other cities where on-road price of Ather 450 Plus is less than Rs 1.30 lakh include Jaipur, Ahmedabad, Nashik, Nagpur, Pune and Mumbai. These states too offer high EV subsidy and other concessions.Talking about Ather 450X, the scooter’s lowest on-road price is Rs 1.44 lakh in Delhi. At the other end of the spectrum, on-road price of the scooter is highest in Lucknow at Rs 1.75 lakh. 450 Plus is also costly at Rs 1.56 lakh in Lucknow. Other places where Ather scooters are relatively pricier include Noida, Gurugram, Malappuram, Tirur, Trivandrum, Kochi, Calicut, Siliguri, Guwahati and Indore. More

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    Ather Electric Scooter To Get New Variants – More Range

    Currently, Ather offers 450 Plus for Rs 1.50 lakh and 450X for Rs 1.60 lakh (both prices ex-showroom)Existing Ather Electric ScooterFor a new startup to build the first premium electric scooter in India speaks volumes about the people involved in the firm. In a short span of time, Ather Energy has been able to attract a sizeable number of consumers toward electric mobility. The Bengaluru-based EV manufacturing startup currently retails two e-scooters- 450 Plus and 450X.In an interaction, Ather CEO, Tarun Mehta gave some insights into the company’s future. Ather Energy is looking to add two new battery-powered scooters to its lineup. Both these scooters will be built on the existing 450 e-scooter platform.Upcoming Ather 450 E-scooters450X is currently the higher sales volume generator, thanks to a piece of richer equipment and extra range on offer per full charge. A new version of the electric scooter is currently under development which will offer a higher range than 450X.The aforementioned goal may be achieved with a larger battery pack. This may lead to the scooter gaining a wider stance, as well as a larger bodywork to account for a larger power source. Top speed and performance are unlikely to witness any massive changes. Price of this scooter will be evidently more than 450X.Ather Electric ScooterComing to the second addition to the Ather lineup, this version of the electric scooter will receive cosmetic enhancements in form of new colour options, however, current design will be retained. In all probability, this scooter will be a sportier-looking derivative of 450X.Details about these two e-scooters are still thin. These new variants of Ather 450 are expected to make their debuts towards the end of this year or early next year. With rising competition in the electric two-wheeler space, Ather clearly wants to strengthen its portfolio of electric scooters.Ather 450X, 450 Plus updatesAther recently launched a new update for its electric scooters- 450X and 450 Plus. As per this new update, owners of both these e-scooters will benefit from an additional ride mode called SmartEco mode. The new ride mode has been designed to dynamically adjust range and performance. Latest SmartEco ride mode will only be available to users who have Ather Connect Pro subscription plans.450X is powered by a 6kW (8.04 bhp) electric motor that draws its energy from a Lithium-ion battery pack. It accelerates from 0-40kmph in 3.3 seconds and promises a real world range of up to 85km on a single charge. On the other hand, 450 Plus is powered by an electric motor that kicks out a peak output of 5.4kW (7.2 bhp) and 22 Nm of torque. True range is claimed to be 70km on a full charge.Source More

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    Ather Electric Scooter Gets New Ride Mode Via Latest Update

    New SmartEco ride mode for Ather will make it easier for users to achieve the scooter’s true range with limited impact on performanceAther Electric ScooterOne of the many benefits of electric scooters is that performance and overall experience can be improved via OTA updates. New features can also be introduced at regular intervals. There is no need to visit the service centre and everything gets done in a few minutes.Ather SmartEco OTA updateAther’s latest update includes a new SmartEco ride mode that is designed to dynamically adjust range and performance. To get SmartEco ride mode, Ather 450X and 450 Plus users need to download the latest version of Atherstack software. In Ather app, users need to activate the Ather Labs option to become eligible for this update.Ather Labs provides early access to new features and seeks feedback from users. Earlier also, a number of new features were made available through Ather Labs such as Trip Planner and Savings Tracker. Latest SmartEco ride mode will be available to users who have Ather Connect Pro subscription plan.If all such conditions are satisfied, users need to choose ‘Update Now’ option via settings on the scooter’s touchscreen display panel. The battery has to be at least 40% to get the update. The update takes around 5 minutes, post which users can select SmartEco mode via settings.Ather Electric ScooterWhen selected, the existing Eco mode is replaced by SmartEco on the screen. Users can return to standard Eco mode anytime they want. Other ride modes of Ride, Sport and Warp remain unchanged.Ather SmartEco ride mode benefitsSmartEco ride mode essentially aims to achieve a midway between Eco and higher speed ride modes. In a conventional system, the Eco mode does maximize range. However, it significantly limits the options available to the user. For example, if the user needs to overtake, they will have to switch to a different mode.SmartEco works differently, as it can sense the exact requirements at a given point of time. It can factor variables like user riding style, total load on scooter, terrain, etc. Based on these factors, SmartEco makes dynamic adjustments to acceleration. Simultaneously, it also keeps an eye on power consumption to ensure the scooter can achieve its true range.In SmartEco mode, a power bar is displayed on the dashboard. When the power bar is blue, it indicates that there is ample power available. Users can accelerate as per their needs. When power bar turns red, it means less power is available. At these times, users should not accelerate or speed up. If they need to do so, they can switch to Ride mode.It is to note that this update is being rolled out gradually. It may not be available to all users simultaneously. Users also need to ensure that their Ather App has been updated to the latest version. More

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    Ola S1 Vs Bajaj Chetak Vs Ather Electric Scooter – Hill Climb Test

    While Ola S1 Pro got the best 0-40 kmph kick down acceleration, it failed to reach top of the hill even in Sport modeElectric Scooter Hill Climb TestThere has been a raging ongoing debate about performance of electric scooters which are key to future mobility solutions. Many electric scooters have faced scrutiny regarding their battery management system which often fail to respond in tough conditions.While it is very true that EVs are very quick off the block, many e-scooters fail to keep up the performance in challenging terrains. The latest video from Asardar Reviews on YouTube is a clear example of battery-powered scooters not being able to perform up to the mark in certain cases.Electric Scooter Hill Climb TestIn this particular video, the vlogger has cited three well-known examples in the form of Ather 450, Bajaj Chetak and Ola S1 Pro. Here, all three electric scooters are tested separately on hilly terrain and their performance is scrutinised. The vlogger reveals that this test has been conducted specifically for people living around hilly areas who are planning on buying an electric scooter.All electric scooters seen here have been tested with a pillion sitting behind the rider, at least initially, giving a real-world simulation. The test starts with Bajaj Chetak since it’s the oldest of all three models seen in this video. The vlogger slots Chetak in Eco mode initially. It started off well with some promising performance and managed to make some sharp turns relatively easily.[embedded content][embedded content]After a couple of tricky hairpins, Chetak automatically switched to Sport mode when it realised that the scooter might need more power while climbing up. Here the scooter has clocked a top speed of around 45 kmph on its upwards journey with fair ease. Next up is Ather 450 which has been a revolutionary model in the electric mobility space.Ather Performs BestLike Chetak, Ather 450 gets multiple ride modes, however, unlike the former, ride modes on this one have to be manually toggled. In this case, as well, the vlogger started out in Eco mode and after a couple of hairpins it was realised that it loses momentum, especially with 2 people sitting on it. When slotted in Warp mode, Ather 450 is able to reach the top of the hill fairly easily while attaining an impressive top speed of 60 kmph.Ola S1 Pro DisappointsOla S1 Pro was kept last since, it is the latest offering in the two-wheeler EV space and claims the best performance, at least on paper. When started in Eco mode, S1 Pro offers the quickest 0-40 kmph acceleration. However, when it comes across its first hairpin, speed of the scooter drastically reduces until it comes to a complete halt. The scooter refuses to respond to throttle twists.It remained the same, even after the pillion disembarked. The Ola e-scooter started climbing uphill once switched to Sport mode, however, it once again came to a sudden stop when the AI in the scooter notified that the battery has heated and needs to be cooled. Vlogger had to push the scooter before reaching the top. More

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    Ather Electric Scooter Sales March 2022 – Grows YoY And MoM

    Ather Energy reports sales growth for March 2022, and the quarter just concluded – Q1 2022Image – Ather EnergyWhile large sections of the auto industry have been grappling with sales decline, the electric two-wheeler industry appears to have fared better in recent months. The overall size of the industry has consistently improved manifold. Sales have risen from a few hundred units to a few thousand units for a leading number of electric vehicle manufacturers.While there are only a handful of affordable electric cars to choose from, the e2W industry is fast becoming a platform of choices. This is furthered largely by the electric scooter industry of which there are now many offerings. The electric motorcycle industry too is gaining momentum, but offerings are currently limited.With new age manufacturers riding high on funding, incubation of manufacturing is a much faster process today for e-scooters. In recent years, the number of players in the arena have continued to grow, and this trend is being further bolstered. Investments are key, and changes are taking place each day.Ather Electric Scooter Sales March 2022Ather Energy has gained where sales are concerned and continues to build a brand name that’s recognisable. In March 2022, sales were reported at 2591. Ather says this is a growth of over 120% YoY. Sales in March 2021 are likely to be about 1,177 units. Volume gain stood at about 1,414 units. MoM sales too improved. Up from 2,042 units. Sales growth stood at 26.89 percent at volume gain of 549 units.Ather Electric Scooter Sales March 2022. * are approximate numbers, based on % gain mentioned by Ather.With a great showing through the first 3 months of 2022, volume gain already stands at over 4.8k units. For the quarter just concluded, January sales were the highest at 2,825 units. Q1 2022 cumulative sales is reported at 7,458 units. For the corresponding quarter in 2021, sales were reported at 2,633 units. At volume gain of 4,825 units, growth has more than doubled.Highest ever monthly pre-ordersGrowth is key for Ather Energy. To realise this end, the manufacturer is keen on expansion in terms of production, as well as, company outreach. To achieve this, Ather plans quick dealership expansion to reach many more markets in the country. Only recently, retail outlets have been inaugurated in Guwahati, Vijayawada, Tirupati and Bangalore (third outlet in Bangalore).With this, Ather is now present in 28 cities with 34 Experience Centres. Bangalore is the second city after Delhi to get its third Experience Centre. As they meet growing demand, Ather announced the roll out of its 25000th 450X last month.Recently, Ravneet S. Phokela, Chief Business Officer, Ather Energy said, “At Ather Energy, we continue to witness strong consumer demand for our 450 series. We delivered 2591 scooters in March and have received the highest ever monthly pre-orders. While we were only able to deliver a fraction of the pre-orders due to components shortage, we continue to work actively to strengthen our supply chain and reduce the waiting period. Towards this, amongst other actions, we entered into a strategic partnership with Foxconn to fast track the scale up of our manufacturing ecosystem and meet the rising demand.” More

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    Ather 450X Electric Scooter Production Crosses 25k In 25 Months

    Ather 450X electric scooter production has surpassed the 25k units milestoneAther 450x Electric Scooter – 25,000th unit rolloutAther Energy finds itself celebrating yet another milestone. It’s been a little over 2 years (about 25 months) since the first Ather 450X rolled out. That was January 2020. Fast forward 2 years, and on March 4, 2022, the manufacturer rolled out its 25,000th unit.Reaching this number already may not have been what people expected considering sales was limited to a few hundred units a month. That number is fast changing and things are looking up for E2W manufacturers. Total industry size has ballooned, and 2022 is already looking better than ever before.YoY Ather sales growthAther saw YoY sales more than double. The market has been receptive to electric scooters in recent months, and expectations point to this number growing even further. The space continues to be interesting as the number of companies selling E2Ws, especially electric scooters, has grown by the month.The industry is being filled by companies that haven’t traditionally been present in the industry, and point to new age businesses that are drafting the future of electric mobility. With a large number of E2W companies setting shop as startups, a lot of what the future holds depends on funding these companies can attract.Ather 450X number ?25,000? just marked it’s attendance! From the 1st one on 28th January, 2020 to the 25,000th one on 4th March, 2022 — what an electrifying journey it has been! ?? pic.twitter.com/oJatLsaOUc— Ather Energy (@atherenergy) March 9, 2022On that front, Ather has fared well. With focus on growth and product development, Ather Energy has had several rounds of funding. With the electric two wheeler industry teething, it’s only a matter of time when volumes become manifold. The industry is taking baby steps in an industry of unknown territory.Of the companies that reported sales to the industry body, total electric two wheeler sales last month surpassed the 32k mark. This in itself may not look phenomenal but represents manifold growth. A year earlier, the E2W segment saw total sales closer to the 6k mark.Ather network expansionThe company is keen on increasing its presence and this will be possible when the company begins business in many more cities than it does today. As per plan, in the next 3 years, there will be 600 retail outlets.Being able to cater to that many touchpoints will only be possible when manufacturing increases. To ensure an ecosystem that supports its growth plans, Ather Energy is increasing its scooter production per annum.  With an increasing number of electric 2W manufacturers, the future fosters a truly competitive environment. Only recently, Ola electric has entered the space, and where sales is concerned, the company aims for runaway success.  More