see photosBasavaraj S Bommai (left) with Karnataka Chief Minister Tarun Mehta (right).
In order to boost its rapid expansion in the country, Ather Energy signed a joint MoU with the state of Karnataka to commit to 1,000 Ather fast chargers across the state. Ather Energy co-founder and CEO Tarun Mehta took to Twitter to share the news, which comes days after the company first announced monthly sales figures, reportedly showing year-on-year growth. Registering 2,825 units have been sold. 366 percent more than the January 2021 numbers. Last month, the company expanded its footprint in two new markets, Nagpur and Lucknow.
Had an incredible meeting with Hon’ble CM @BSBommai
Came out with the intention of introducing us, went out with a joint MoU for 1000 Ather fast chargers across the state. Amazing speed and support from the government to enable this!
Karnataka is at the forefront of EVs. Excited to be here! pic.twitter.com/1wsbGyt8VE
— Tarun Mehta (@tarunsmehta) 3 February 2022
Ather is building its battle chest amid rising competition from start-ups such as SoftBank Group-backed Ola Electric, which recently raised $200 million, as well as India’s traditional bike makers such as Hero Electric, Bajaj Auto and TVS Motocorp, which is growing fast. Their clean mobility plans. Recently, the board of Hero MotoCorp has approved a ₹420 crore fresh investment At Ather Energy, in line with our vision for the mobility of the future. Ather Energy has raised approximately 12 billion rupees ($160 million) since its inception in 2013.
Ather Energy Factory in Hosur, Tamil Nadu.
Read also: Ather Energy aims to increase demand for 1 million electric scooters a year
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In a previous statement, Mehta had said that Ather plans to increase its annual production capacity from 4 lakh to 1 million scooters by the end of 2022, as well as install 5,000 fast chargers across India while developing new products. is planned. All this, he said, would be attempted in the next three years. Ather currently manufactures around 5,000 electric scooters per month, with expansion planned to increase to 20,000 scooters per month from this year.
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