Ather Energy funding, investors and company details

Ather Energy is an emerging Automobile startup from Bengaluru, working in the space of Manufactures high-performance electric scooters. Founded by Arun Vinayak, Tarun Mehta, Swapnil Jain.

Company: Ather Energy Limited
Sector: Automobile
Location: Bengaluru
Founders: Arun Vinayak, Tarun Mehta, Swapnil Jain
Total funding raised: ₹2,675.73 Cr

Company overview

Ather Energy manufactures high-performance electric scooters including the Ather 450 series and Ather Rizta, with in-house production of battery packs and supporting software systems. The company operates a vertically integrated model focused on smart, connected two-wheelers featuring advanced dashboards, over-the-air updates, and fast charging via its proprietary Ather Grid network spanning numerous cities. Ather emphasizes premium design, energy efficiency, and urban mobility solutions through manufacturing facilities and an expanding charging infrastructure ecosystem.

Funding rounds

Latest round (Series E): $ 71.40 Mn (₹598.83 Cr.), 2024-08-13. Investors: National Investment and Infrastructure Fund (NIIF)
Past round (Debt): ₹60.00 Cr. ($ 7.17 Mn), 2024-07-29. Investors: Innoven Capital
Past round: ₹124.00 Cr. ($ 14.88 Mn), 2024-06-07. Investors: Hero MotoCorp
Past round: ₹900.00 Cr. ($ 108.39 Mn), 2023-09-07. Investors: Hero MotoCorp, GIC (Singapore’s sovereign fund)
Past round (Series E): $ 128.00 Mn (₹992.90 Cr.), 2022-05-12. Investors: National Investment and Infrastructure Fund (NIIF), Hero MotoCorp