Ather Energy Pvt. Ltd.
Product – ELECTRIC BIKES – ATHER 450 PLUS AND ATHER 450 X
Problems Addressed – Ather entered the Indian automobile industry with a huge technological disruption, making electric vehicles a preferred choice. Its inherent efficiency will shape the urban commute and cities of tomorrow.
Description – The Ather 450X and Ather 450 Plus, as well as public and private charging infrastructure and innovative ownership plans, are among the company’s products. They are also constructing a complete ecosystem for India’s electric vehicles, powered by indigenous design and manufactured entirely in India.
Application – Ather has built India’s first smart and connected electric scooters.
Achievements –
- Sale of 3779 units in April 2022, registering a YoY growth of 255% over April 2021.
- Generated revenue of Rs. 86.3 crores in FY2020-2021 and Rs. 327 crores in FY2021- 2022
- Pan-India presence with dealerships across 35+ cities
- Began production in 2020 and achieved a USD 100 million run rate in 2021, becoming the largest EV maker by value in its segment
- Received funding of Rs. 2059.54 crores from Hero Moto Corp, NIIF, Sachin Bansal, and various other investment firms and investor
Incubated at – IIT-Madras Incubation Cell
Award Details
Name: NIDHI TBI
Year: 2017