The leading electric scooter maker is looking to mop up as Financial Report - ATHER ENERGY PRIVATE LIMITED. This information is available in our reports and to subscription users. The pool size as per the Series D shareholders agreement was 12,356 stock options which is reduced to 5,214 stock options and the balance unused pool of 7,142 is proposed for cancellation, according to a separate filing by the company. Although Ather Energy is doing exceptionally well in the markets given how new they are, they still have to face their own share of challenges. It has also established electric vehicle charging infrastructure across the country called Ather Grid. Ather Energy had quite a profitable festive season. Ather Energy also has an electric vehicle charging infrastructure called Ather Grid. Manufacturer of two-wheeler electric vehicles designed to provide an eco-friendly ride with modern features. Get the forecast for today, tonight & tomorrow's weather for Lansing, MI. What is Ather Energy's Revenue? If you are interested in setting up an Ather experience center, please share your details here. 5,799,392. Documents. So far in the current year, Ather has delivered over 10,000 units in the state of Karnataka. Here is a summary of financial information of ATHER ENERGY PRIVATE LIMITED for the financial year ending on Ather Energy closed its last funding round on May 12, 2022 from a Series E round. Ather General Information. 3.7 kWh So far in the current year, Ather has delivered over 10,000 units in the state of Karnataka. Currently, Hero Electric is the market leader which has 36% market share in Indias two-wheeler EV segment. Join 290K+ Investors and In October, The city clerks rotating satellite office opened on the campus of Michigan State University and is expected to help future East Lansing voters. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Ather Energy revenue is $73.0M annually. The 420 crore in the Ather Energy company, Hero plans to debut its first electric vehicle (EV) in March. Bulk of the sales was clocked in the last 10 days of the month as the company's production line was shut for a couple of weeks to facilitate the transition to its new product - the Ather 450X Gen 3, that the company introduced last month. Ather Energy has 656 employees, and the revenue per employee ratio is $111,280. It manufactures two electric scooters - the Ather 450X and the Ather 450 Plus. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Over two-thirds of them were delivered in the city of Bangalore. The Ather factory, located in Hosur has an annual manufacturing capacity of 1.3 lakh scooters and 1.4 lakh battery packs. Ather Energy Private Limited is a Private incorporated on 21 October 2013. The combined network of Ather Grid and Statiq across cities will provide more convenience to customers. Hero MotoCorp, the worlds largest motorcycle and scooter maker, stated on Friday that it would invest up to Rs 420 crore in the company . This is a 122% year-on-year growth, the press release stated. Ather Energys board has also mentioned that the company has plans to go public in near future. The scooter can accelerate to 40 km/h in 3.9 seconds, attain a top speed of 80 km/h, and can travel 75 km on one charge in city-riding conditions (107 km in the Indian driving cycle).. Ather Energy also offers an Brand logo registered. This is also the companys highest-ever monthly Its authorized share capital is Rs. 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. Relina tells Startup Story Media about the issues like breaking peoples existing perception about electric vehicles. Hi/Low, RealFeel, precip, radar, & everything you need to be ready for the day, commute, and weekend! Ather Energy sold a total of 8,213 units in October 2022, which is its highest ever monthly sales, for the third month on the trot. Ather Energy is a manufacturer of electric scooters and electric vehicle charging network called AtherGrid. Shareholders. In a major boost to its rapid expansion in the country, Ather Energy signed a joint MoU with the State Of Karnataka, committing to 1,000 Ather fast chargers across the state. HeroMotoCorp Ltd. Ather Energy. It was founded by Tarun Mehta and Swapnil Jain in 2013. Bengaluru-based electric two-wheeler maker Ather Energy sold 2,389 units in July of 22; registering a 24% year-on-year growth. With an investment of Rs. Electric scooter manufacturer Ather Energy has raised Rs 400.6 crore or $50 million in a round led by existing investor Caladium Investment. Alternatively, you can write to us at [email protected]. This company was founded by Tarun Mehta and Swapnil Jain in 2013 and is currently headquartered in Bangalore, India. This is also the companys highest-ever monthly sales figure yet. ATHER ENERGY PRIVATE LIMITED, 3rd FLOOR, TOWER D, IBC KNOWLEDGE PARK, #4/1, BANNERGHATTA MAIN ROAD, BANGALORE, KARNATAKA 560029, INDIA. Ather Energys two wheelers are engineered to be more The company's two-wheelers are powered Ather Energy is an Indian electric vehicle company, headquartered in Bangalore. At present, the two-wheeler major has 1,000 charging stations. Description. Ather October 2022 Sales: Ather Energy sold 8,213 electric scooters in October 2022, recording a 122 per cent YoY growth. Ather Energy Private Limited is a 9 years 9 days old Private Company incorporated on 21 Oct 2013. Ather Energy Private Limited is a 8 years 10 months old, private Indian Company, registered at Bangalore with a paid-up capital of Rs.5799392. Its authorized Over two-thirds of them were Ather Energy had quite a profitable festive season. Last month in September, Ather Energy sold 7r435 units and compared to October that's 778 units less. It's authorized share capital is INR 77.92 lac and the total paid-up capital is INR 57.99 lac. Electric scooter manufacturer Ather Energy has raised Rs 400.6 crore or $50 million in a round led by existing investor Caladium Investment. The Ather brand has a presence in 30 Indian cities. The company is backed by founders of Flipkart, Tiger Global, Hero Motocorp, NEW DELHI (Reuters) Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the companys path to profit The company has two electric scooter models Ather 450X and The Hero Motocorp-backed EV startup has now crossed 8000 retail sales milestone by selling 8213 units in October 2022. Ather has been reporting highest monthly sales for three months in a row. Find details of its financials, directors, legal At this sales performance, the company has registered a Year-on-Year growth of 297% in comparison to the corresponding month a year ago. Ather currently has a 22% market share in the state. According to authorities, Consumers Energy crews called police at about 2:40 p.m. after they found a person on the ground near the intersection of Saginaw Street and View Information. This is the second equity round for the Bengaluru-based company in 2022. For the NEW DELHI (Reuters) Ather Energy, Indias top electric scooter maker by revenue, is raising funds to ramp up annual production to one million scooters over the next Ather Energy peak revenue was $73.0M in 2021. Its registered office is in Bangalore, Karnataka, india. The Ather factory, located in Hosur has an annual manufacturing capacity of 1.3 lakh scooters and 1.4 lakh battery packs. Sep 05, 2022 03:25 PM IST Hero MotoCorp-backed Ather Energy kickstarts prep for biggest ever fundraise. 175M km of ride data, new 21700 lithium-ion cells and a smarter battery management system, allows us to make the Ather 450X battery pack even better than its predecessor. Documents. This is the second equity round Ather Energy Private Limited is a 8 years 10 months old, private Indian Company, registered at Bangalore with a paid-up capital of Rs.5799392. The company reported highest monthly sales in August, then in September and now in October as well. Ather currently has a 22% market share in the state. 7,791,630 and its paid up capital is Rs. Ather Energy was founded in 2013 by IIT Madras alumni, Tarun Mehta, and Swapnil Jain. The Hero Motocorp-backed EV startup has now crossed 8000 retail sales milestone by selling 8213 units in October 2022. Ather Energy was owned initially by Hero Capital, which had a 34.8 per cent share. Ather Energy Private Limited's operating revenues range is INR 100 cr - 500 cr for the The Ather 450 is constructed using an all-aluminium frame, comes with a 5.4 kW (7.2 BHP) Brushless DC electric motor, and a 2.4 kWh lithium-ion battery pack. Ather October 2022 Sales: Ather Energy sold 8,213 electric scooters in October 2022, recording a 122 per cent YoY growth. The company has two electric scooter models Ather 450X and Ather 450 Plus in the market. Exclusive. Investors. Find details of its financials, directors, legal cases and charges. Ather Energy has announced that it has managed to sell 6,410 units of electric scooters in August'22. With an increasing number of consumers moving into the EV space, Ather Energy fully recognises the necessity of an accessible charging network, along with advanced riding solutions, to facilitate EV adoption," said Nilay Chandra, VP-Charging October 18, 2022. Read on.
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