Ather Energy

Sachin Bansal will establish a holding company through which he will run his new businesses and make investments

Bansal has roped in Ankit Agarwal, an investment banker, as his partner and founding employee

He has been in talks to invest in Ola, Ather Energy etc

Sachin Bansal is said to be considering investing $50-100 Mn in Ather

The development comes at a time when Bansal is also reportedly planning to invest in Ola

He is considering investments in several startups with his $1 Bn earning from selling his Flipkart stake

The investment deal will be made over three years

For the initial deal, Kymco will be putting in $15 Mn in the startup

Both the companies will together launch electric scooter under the brand of “22Kymko”

• Following this, Greaves Cotton plans to acquire the additional 13% stake in Ampere in the Next 3 years
• Post acquisition, Ampere will work as an individual entity
• The founder Hemalatha Annamalai will continue as the CEO of the company

• Ather Energy recently launched its flagship electric scooter Ather 450 along with the Ather 340
• The company has invested more than $15.6 Mn only on testing and validation of its ebikes
• It has a new industrial design in the pipeline that might come about in two years
• India aims to go 30% EV by 2030; out of which 80% are expected to be two-wheelers

Important Developments From The World Of Electric Vehicles [June 1-6, 2018]

Ather Energy, ION Energy, And Emflux Motors Are Some Of The Most Innovative Indian Startups That Are Working To Take EVs Mainstream

Along With The Ebikes, The EV Startup Has Also Announced An All-In-One Servicing Solution Called Ather One

Important Developments From The World Of Electric Vehicles [17-23 May, 2018]

Ather Energy Plans To Set Up 30 Charging Stations In Bengaluru By May-End

S340 Launch Was first Announced In January 2016 At Bengaluru Surge Conference

As Part Of The Deal, TVS Has Poured $700K In The Bengaluru-based EV Startup