#Hero electric scooter in hyderabad

[adarshaelectric]

[ankur-motors]

Electric Bike Vs Petrol Bike: Which Is The Best For Cost & Range?

[entertain-ment]

Hero Electric Optima HX Dual Battery Price, Images, Specification

Hero Electric Optima HX Dual Battery's Key Specification

Riding Range - 122 km

Top Speed - 42 km/h

Charging Time - 4-5 hrs

Acceleration - NA

Motor Power - 550 W

Battery - 51.2 V/30 Ah x 2 lithium-ion battery

Battery Swapable - Yes

Home Charger - Free

App Availability - Yes

Warranty & Registration

Motor Warranty - 3 years

Battery Warranty - 3 years

Vehicle Warranty - 3 years

Charger Warranty - NA

License & Registration - Required

Hero Optima HX Dual Battery overview

Hero Electric Optima HX Dual Battery is a High-speed electric scooter. This electric scooter is discontinued. It comes with a Combi Brake System, Alloy Wheel, Telescopic suspension, Pushbutton Start, Passenger Footrest, Charging Point, Pass switch, and DRLS.

Also, you get some additional features such as Regen braking, Anti-theft Alarm, Remote Lock, USB Port, Digital Instrumental Cluster, Automatic Transmission, and Cruise Control, which make it different from other e- scooters.

Optima HX Dual Battery Price

Optima HX Dual Battery is available at starting price of Rs. 77,490 in India.

Colour options

Here you are getting many colors to choose your favorite one.

Blue

White

Red

Grey

Variants of Optima HX Dual Battery

The lineup of Hero Electric Optima HX has two variants.

Optima LX (VRLA) and, 

Optima HX (single battery) 

Range and Speed of Optima HX D-Battery

The ARAI has claimed it can travel a riding range of around 122 km/ch on a single charge with a top speed of around 42kmph.

Battery and Charging Details

#OptimaHXDualBattery has a capacity of 51.2V / 30Ah x 2 lithium-ion battery (portable battery). It takes around 4-5 hours for a full charge.

Motor and Power

Optima HX Dual Battery-electric generates around 550/1200W power from its BLDC Hub motor mounted on the rear wheel. Its peak power is 1200W.

Display and Screen Details

It is a Digital e-scooter. It has a Digital Console, giving you a Digital lock to track the time. Also, it has a speedometer which gives speed information. A trip meter also informs how many kilometers your scooter has covered.

Rivals of Optima Hx Dual Battery

Ampere Magnus EX. (*Rs. 74,999*)

Hero Electric NYX HX Dual Battery (*Rs. 77,540*)

Okinawa Ridge Plus (*Rs. 64,797*)

Benling Aura (* Rs. 73,000*)

Subsidies and Tax exemption on Optima HX Dual Battery

Centre Government:

The central government has offered a subsidy of Rs 15,000 per kWh of battery capacity (to a maximum of 40 percent of the vehicle cost) through the Hybrid and Electric vehicles (FAME-II) scheme. But this subsidy is included with the ex-showroom price of Optima Hx Dual Battery. 

State Government: 

State Government subsidies will be directly transferred to your Bank account. That means first, You have to pay the on-road price. After that, you will have to submit documents and bank details for the subsidy. Whatever state government subsidy will be there will be credited to your bank account after a few days.

License, Registration, and Insurance

Optima Hx Dual Battery requires a license, registration, and third-party insurance as it comes under a High-speed electric scooter. It has a motor power of 1200 W and a speed limit of 45 kilometers per hour.

Warranties on Optima HX Dual Battery

This electric scooter provides a 3-years warranty for your battery and the Vehicle.

This electric scooter provides you with a 1-year warranty for your Motor. 

This electric scooter provides a 1-year warranty for your Controller.

Hero Electric Optima HX Dual Battery Photos

Hero Electric Optima HX Dual Battery's Owner Opinion

Hero Electric Optima HX Dual Battery's Specifications

Performance

Motor Power (Peak) - 1200W

Motor power (Rated) - NA

Max. Motor Torque (At Wheel) - NA

Motor Type - BLDC

Water and Dust Resistance (Motor) - NA

Water and Dust Resistance (Controller) - NA

Range

Range (Eco Mode) - 112 km

Range (Ride Mode) - NA

Range (Sports Mode) - NA

Range (Normal Mode) - 122 km

Battery

Battery Type - Lithium-ion

Battery Capacity - 51.2 V/30 Ah

Nominal Voltage - 51.2 V

Water & Dust Resistance - NA

Charging

0 - 40% - NA

0 - 100% - 4-5 hours

Fast Charging - Yes

Charger - 6A Charger

Display & Touch Screen

Speedometer - Digital

Odometer - Digital

Screen Size and Type - Digital

Touch Screen Type - NO

Resolution - NA

Brightness - NA

Aspect Ratio - NA

Tyres & Wheels

Tyre Type - Tube

Tyre Size (Front) - 90 x 90 x 12 TL CEAT / Continental

Tyre Size (Rear) - 90 x 90 x 12 TL CEAT / Continental

Wheel Type - Alloy

Wheel Size (Front) - 304.8 mm

Wheel Size (Rear) - 304.8 mm

Brakes

ABS OR CBS - No

Regenerative Braking - NA

Brake Type Front - Drum Brake

Brake Type Rear - Drum Brake

Front Disc Size - NA

Rear Disc Size - NA

Braking Distance - NA

Frame & Suspension

Front Suspension - Telescopic Suspension

Rear Suspension - Dual spring

Frame Type - Reinforced High Strength Steel Chassis

Frame Materials - NA

Electricals

Head Light - LED

Tail Height - LED

Indicator Light - Bulb

DRL - Yes

Dimensions & Weights

Gross Weight - 86 kg

Loading Capacity - 150 kg

Length - 1970 mm

Width - 745 mm

Height - 1145 mm

Wheelbase - 

Ground Clearance: - 140 mm

Seat Height - NA

Gradeability - 7 degrees

Safety & Features

Remote - Yes

Side Stand Sensor - Yes

Reverse Mode - Yes

USB Charging - Yes

Anti-Theft Motor Locking - Yes

Anti-Theft Alarm - Yes

Find Your Vehicle - Yes

Push Button Start - Yes

IOT Features

IOT Features - Yes

Hero Electric Optima HX Dual Battery FAQs

How much time Hero Electric Optima HX Dual battery takes to charge?

Hero Electric Optima HX Dual battery takes 4 to 5 hours to charge from 1 to 100 percent.

What are the variants available of Hero Electric Optima HX Dual battery?

Hero Electric Optima HX Dual battery has two variants which are Optima LX VRLA and second one is Optima HX Single battery.

What is the top speed of Hero Electric Optima HX Dual battery?

Hero Electric Optima HX Dual battery provides top speed of around 42 kmph.

What is the battery warranty given by Hero Electric Optima HX Dual battery?

#HeroElectricOptimaHXDualBattery gives 3-years of warranty on battery.

What is the battery capacity of Hero Electric Optima HX Dual battery?

The battery capacity of Hero Electric Optima HX Dual battery is 51.2 V / 30 Ah.

Video of Hero Electric Optima HX Dual Battery

#HeroElectricOptimaHXDualBatteryPrice #Myelectrikbike #electrik #bike #HeroElectric #HeroElectricBike #HeroBike

[awesomeexcellon]

Excellon Software Celebrates 3 Years of Successful Partnership with Ather Energy for Dealer Network Management

Excellon Software, a leading dealer network management system (DMS) software solutions provider, is proud to announce its successful 3-year partnership with Ather Energy in implementing and supporting the DMS platform for their business operations.

Since Ather Energy adopted Excellon's DMS platform, the two companies have worked closely together to optimize Ather Energy's operations, streamline workflows, and increase efficiency across their dealership network. Additionally, Excellon Software integration with various systems enabled unified data architecture.

"We are thrilled to celebrate three years of a successful partnership with Ather Energy," said Vinod Tambi, Co-Founder & President, Excellon Software. "Our dealer management system was designed to help dealerships optimize their operations, and we are proud to have supported Ather Energy in achieving their goals."

Ather Energy, India's leading two-wheeler EV manufacturer, is renowned for their customer centric approach and high-quality products. Their partnership with Excellon Software has further enhanced their offerings and built a strong foundation for continued success.

"We appreciate Excellon's commitment to our partnership. The quick implementation and efficiency of their software solutions have proven helpful and we look forward to continuing our successful partnership with them," said Swapnil Jain, CTO and Co-founder, Ather Energy.

As the automotive industry continues to evolve, Excellon Software remains committed to providing innovative and customized software solutions to its clients to help them achieve their business objectives and stay competitive.

About Excellon Software

Excellon Software with its award-winning software is recognized among the most innovative software product companies in India. The company's product portfolio includes complete dealer network management, sales & distribution management, and service management software. Excellon Software is a user-friendly, feature rich DMS platform used by thousands of users in over 13,000+ locations worldwide.

Excellon boasts some of the largest deployments in the world for dealer & service chains, consisting of large blue-chip enterprises that run Excellon for their mission-critical business. Excellon's robust and proven platform processes the sale of One New Vehicle every 15 sec and services a vehicle every 5 seconds.

About Ather Energy

Ather Energy, India's first intelligent electric vehicle manufacturer was founded in 2013 by IIT Madras alumni, Tarun Mehta, and Swapnil Jain. Backed by founders of Flipkart, Sachin Bansal & Binny Bansal, Hero MotoCorp, and Tiger Global. Ather Energy launched India's first truly intelligent electric scooter – The Ather 450 in 2018, followed by their flagship offering Ather 450X, in 2020 followed by the new Gen3 of the 450X in 2022. Ather has also installed a comprehensive public charging network, Ather Grid, designed and built in India. With 1300+ charging points across India, Ather Grid is one of the country's largest fast-charging networks for electric vehicles. Ather completed the Series E round of funding by signing investment agreements amounting to $128 million with NIIFL and Hero MotoCorp. The company's product line has won 37 awards in the design, automotive, and technology categories. With 58 Indian and international patent applications, 109 trademarks, and 118 Indian and International design registrations to its name, Ather Energy aims to provide consumers with the best possible ownership experience. Ather Energy currently operates in 87 cities including Bengaluru, Chennai, Hyderabad, Pune, Jaipur, Kochi, Ahmedabad, Mumbai, Mysore, and Hubli.

Contact:

Shingita Kumar,  shingitak@excellonsoft.com

[macauto1]

https://www.macautoindia.com/prime/

Front Disc Break

Mobile Charging Point

Fast Charging

Center Locking

Mac Auto India   is India's leading electric scooter company. Our product line-up includes wide range of electric  scooty & E rickshaw in the world.

[heroelectric-ankurmotors0]

Buy Hero Electric Scooter in Hyderabad

Ankur Motor is a leading Hero electric scooter provider in Hyderabad. Offering the hero electric bike or scooter at affordable price. Visit our store today!

[ankurmotorsblog]

Ankur Motor is a leading Hero electri scooter provider in Hyderabad. Offering the hero electric bike or scooter at affordable price. Visit our store today!

[jyotifestpost]

TVS, motor company Swiggy join hands for food delivery on electric vehicles

TVS Motor Company, the flagship company of $8.5 billion TVS Group, and food delivery major Swiggy have entered into a strategic partnership to use TVS Motor’s electric vehicles for food delivery and other on-demand services, and other sustainable initiatives.

Last year, Softbank-backed Swiggy had announced that it was planning to cover deliveries spanning 800,000 kilometers every day through EVs by 2025. It had also signed a deal with Reliance BP Mobility Ltd (RBML) to build an EV ecosystem and battery-swapping stations for its delivery partners and also joined hands with e-cycle maker Hero Lectro to come up with end-to-end delivery of Swiggy orders through cargo e-cycles. Trials in this regard are currently going on in Bengaluru, New Delhi, and Hyderabad.

TVS said in a statement that the partnership highlights its commitment to strengthen electrification across diverse mobility segments and is in line with Swiggy’s many efforts to enable the adoption of EVs in its delivery fleet. As part of the MoU, TVS Motor and Swiggy will test the implementation of TVS Motor’s EV for food delivery and other on-demand services of Swiggy.

The two companies are also exploring the co-creation of sustainable and comprehensive solutions for Swiggy’s delivery partners. This will include working on customised packages like a need-specific product, flexible financing options and, connected services. Notably, the pilot will play a vital role in the adoption of EVs in food delivery and on-demand delivery services.

“TVS Motor Company has been at the forefront of delivering green and connected vehicles to our customers. Our collaboration with Swiggy is a key step towards strengthening the electrification of mobility in food delivery and last-mile delivery services, furthering the easy adoption of EVs amongst customers," said Manu Saxena, senior vice president – Future Mobility, TVS Motor Company.

The company’s MoU with Swiggy is in line with its commitment to expand the presence of TVS iQube Electric across all major cities by the end of the financial year. The electric scooter is presently available in 33 cities, including Delhi, Bangalore, Chennai, Pune, Kochi and Coimbatore.

"This also marks our foray into showcasing our commitment in the electric commercial mobility segment. We look forward to our alliance with Swiggy, who are the leaders in the Indian food and on-demand delivery market and are leading the way in creating a wide and sustainable e-mobility ecosystem in the country,” he added.

“Swiggy has been pioneering the need for greater EV adoption. We believe they offer a sustainable solution in green mobility while also empowering our delivery partners to earn more. This pilot with TVS will help us better understand the needs of the delivery fleet and the steps we can take to make our operations greener and sustainable.” said Mihir Rajesh Shah, vice president (Operations) at Swiggy.

[mekvahanservice]

Electric Bike/Scooter in India

With the increasing climatic issues, everybody tends to opt for a sustainable and eco-friendly alternative.So is the case in the automotive industry. Auto manufacturers are coming up with electric alternatives for an eco-friendly riding experience. Electric vehicles are easy to maintain and have low bike service costs. When it comes to bike repairing costs no other alternative is as cheap as an electric bike.

Here’s a list of some electric bikes/scooters available in India.

Ather 450X:

Ather 450X is manufactured by Ather Energy. Ather Energy is a Bangalore-based electric vehicle manufacturer. Ather 450X is categorized as a scooter bike. It comes in two variants. The company claims that the bike accelerates from 0 to 40 Kmph in 3.3s. Ather 450X comes with a battery management system.

Price: Ather 450X comes with a price tag of Rs 1.46lakh

Key points:

4.2” LED screen

Bluetooth connectivity

4G connectivity

Music and Call control

Navigation system

Combined braking system

Reverse gear

Tubeless tires

Key Specs:

Battery type: Lithium-ion

Motor Power: 6000W

Max speed: 80kmph

Riding Range: 116km/full charge

Charging time: 5.45s

Motor type: PMSM

Kerb weight: 108kg

Under-seat storage: 22L

TVS iQube:

TVS iQube is an electric scooter manufactured by TVS motors India. TVS iQube comes with a 3yr/50,000km warranty and one year of roadside assistance. TVS iQuobe comes in only one variant. The company claims that in one full charge the bike covers 75km and an acceleration of 0-40kmph in 4.2s.

Price: TVS iQube comes with a price tag of Rs 110898(on-road)

Key points:

Bluetooth connectivity

Tubeless tires

Front telescopic suspension and rear hydraulic twin-tube shock absorber

Front disk brake and rear drum

Battery management system

Key specs:

Battery type: Lithium-ion

Kerb weight: 118kg

Motor Power: 4400W

Riding range: 75km/full charge

Max speed: 78kmph

Charging time: 5hrs

Motor type: BLDC

Warivo Queen SX:

Warivo established in 2018, is growing very fast and delivering its e-bikes throughout the country. Warivo Queen SX is an electric Scooter manufactured by warivo motors. The bike is available in only one variant.

Price: The lead-acid battery version starts at a base price of Rs. 54,800.

Key points:

Disc brakes

Anti-lock braking system

USB mobile charging

Reverse gear

Tubeless tires

Key Specs

Battery Type: Lead-acid/ lithium-ion

Riding range: 55 to 80km/ full charge

Charging time: 5 to 8hrs

Kerb weight: 60.9kg

Motor type: BLDC Motor

Telescopic front suspension

Kabira Mobility KM 4000:

Founded in 2017, Kabira mobility is manufacturing highly-efficient electric bikes which are eco-friendly with a touch of sporty nature. Kabira Mobility KM 4000 is one of the best bikes manufactured by Kabira Mobility. The bike is powered by a BLDC motor.

Price: Kabira Mobility KM 4000 comes at an ex-showroom price of RS.1,36,990.

Key points:

Bluetooth connectivity

Two charging options

Keyless start

Double disc front brakes

Combined braking system

Tubeless tires

Key Specs

Battery type: Lithium-ion battery

Riding range: 90-150km/ full charge

Charging time: 2hr 50min/ 6hr 30min

Motor type: BLDC

Top speed: 120kmph

Odysse Evoqis:

Odysse Evoqis is electric sports bike. It provides a pollution-free riding experience. The bike comes in five different colors to choose from. The company claims that the bike accelerates from 0 to 50kmph in just 4.2s. It was initially launched in March 2020.

Price: Odysse Evoqis comes at an ex-showroom price of Rs.1,57,000.

Key points:

0 to 50kmph in 4.2s

ABS

Keyless entry

Tubeless tires

Disc brakes

Key Specs:

Battery type: Lithium-ion

Motor power: 3000W

Charging time: 6hrs

Riding range: 100+km/full charge

Max Speed: 80kmph

Bajaj Chetak:

Bajaj chetak was initially launched by Bajaj Auto Company in 1972. Back then it was only available in petrol variants. The electric variant of Bajaj Chetak was launched in January 2020. The company claims a riding range of 90km upon fully charged.

Price: Bajaj Chetak comes with a price tag of Rs. 1,42,830 ( ex-showroom Bangalore)

Key Points:

Available in 2 variants and 6 colors

Steel body panels

IP 67 water protection

Front disc and rear drum brakes

Bluetooth connectivity

Battery management system

Regenerative braking

Reverse assist mode

Tubeless tire

Anti-theft system

Key Specs

Max power: 4080W

Riding range: 85-95km

Max speed: 70kmph

Battery Charging time: 5hrs

Battery type: Lithium-ion

Hero Electric Optima:

Hero is the leading manufacturer of electric bikes in India. Hero Electric Optima is a reliable, safe, and comfortable electric alternative for a smooth ride. The bike is available in four variants.

Price: The base version starts at Rs. 51,440

Key points:

Scooter bike

Both single and dual battery variants

Alloy wheels

USB mobile charging port

Pillion seat

Key Specs:

Battery Type: Lead-acid/ Lithium-ion

Riding range: 50-120km/full charge

Charging time: Lead-acid in 4/5hrs and Lithium-ion in  8-10hrs

Revolt RV300:

Revolt RV300 is an electric sports bike manufactured by Revolt motors. The company claims that the bike has the highest ground clearance in its class. The bike was launched in August 2020. Revolt RV300 is available in only one variant.

Price: Revolt RV300 comes with a price tag of Rs. 1,02,9819 (avg. Ex-showroom price)

Key points:

Both front and rear disc brakes

Bluetooth connectivity

Combined braking system

Tubeless tires

Touch screen display

Switchable battery

Key Specs:

Battery type: Lithium-ion

Battery charging time: 4.2hrs

Kerb weight: 101kg

Rated power: 1500W

Riding Range: 80-180km/depends upon riding mod

Max speed: 65kmph

Automobile Atum 1.0:

Atumobile is a Hyderabad-based start-up. It has launched its first retro-style electric bike in September 2020. Atumobile Atum 1.0 is categorized as a Moped bike. The bike has a top speed limited to 25kmph and the rider requires no registration and driving license to ride this bike.

Price: Atumobile Atum 1.0 comes with a price tag of Rs. 54,999

Key points:

Adjustable handlebar

Storage space

Motor warranty: 1yr

Battery warranty: 2yr

Lightweight

Key Specs:

Battery type: Lithium-ion

Charging time: 3-4hrs

Kerb weight: 35kg

Riding range: 100km/full charge

Boot space: 14L

Max speed: 25kmph

Revolt RV400:

Revolt RV400 is an electric sports bike manufactured by Revolt Motors. The company claims that the bike has a top speed of 85kmph and the battery gets fully charged in 4.5hrs. Once fully charged the bike can cover up to 150km in eco mode.

Price: Revolt RV400 comes with a price tag of Rs. 90,799

Key Points:

Keyless entry via remote app

Four artificial exhaust note options

Combined braking system

4G connectivity

Disc brakes for both tires

Tubeless tires

Geofencing

Removable battery

Key Specs:

Battery type: Lithium-ion

Motor power: 3000W

Riding range: 150km/full charge

Charging time: 4.5hrs

Kerb weight: 108kg

Max speed: 85kmph

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[adarshaelectric]

Electric Bikes are Environmentally Friendly

Electric bikes are environmentally friendly because they use less fuel than their petrol counterparts. In fact, they use no fuel at all! This means that they emit zero carbon dioxide emissions. Also, they don't pollute our air and water supply. These bikes are powered by electricity, which comes from renewable sources like solar power and wind turbines. So, if we want to save the environment, then we should go for electric bikes.

2. Electric Bikes are Safe

Electric bikes are safe because they have low speeds and do not require any maintenance. Unlike petrol bikes, these bikes do not need oil changes, spark plugs, or filters. You just need to charge them once in a while. Moreover, they are much safer than petrol bikes. There are fewer accidents involving electric bikes compared to those using petrol.

3. Electric Bikes are Affordable

Electric bikes are affordable because they cost less than petrol bikes. If you compare the price of an electric bike to a petrol bike, you will find that the former costs less. However, you may spend more money on accessories for both types of bikes.

4. Electric Bikes are Eco-Friendly

Electric bikes are eco-friendly because they use less fuel and produce less pollution. They are also good for the environment because they reduce traffic congestion.

5. Electric Bikes are Fun

Electric bikes are fun because they are fast and convenient. You can ride them anywhere without worrying about parking problems. Also, they are great for fitness because they help you burn calories easily.

6. Electric Bikes are Easy to Maintain

Electric bikes are easy to maintain because they do not require regular servicing. All you need to do is charge them once in a blue moon.

7. Electric Bikes are Good for Health

Electric bikes are good for health because they promote physical activity. Riding them helps you stay fit and trim.

[ankur-motors]

Discover The 5 Reasons Why Electric Two-Wheelers Are Superior To Petrol Bikes

In recent years, the world has witnessed a growing interest in sustainable transportation options. As concerns about environmental sustainability and rising fuel costs continue to gain prominence, electric two-wheelers have emerged as a superior alternative to traditional petrol-powered motorcycles. Ankur Motors in Hyderabad, a leading dealership specializing in electric two-wheelers, recognizes the numerous benefits of these eco-friendly vehicles. In this article, we will explore the five key reasons why electric two-wheelers are superior to petrol bikes and how Ankur Motors is leading the charge in Hyderabad's electric mobility revolution.

[un-enfant-immature]

India’s Ather Energy raises $51 million to grow its electric scooters business

There’s more money racing into India’s increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding.

The round was led by early backer Sachin Bansal, the co-founder of Flipkart, who invested $32 million. The rest of the money was provided by Hero MotoCorp, which added $19 million in convertible debt, and venture debt VC firm InnoVen Capital which put in $8 million. The deal means that the six-year-old startup has raised around $90 million to date.

In an interview with TechCrunch, Tarun Mehta, co-founder and CEO of Ather Energy, said the startup will use the fresh capital to expand to new cities, and ramp up its manufacturing capacity and supply chain network. Ather’s scooters, currently available only in Bengaluru, will be launched in Chennai followed by other unspecified cities, he said.

Ather Energy will also attempt to produce 20,000 to 25,000 scooters a year through its own manufacturing plant in Bengaluru, Mehta revealed. The company is also keen to expand its product portfolio, which currently numbers just two scooter models — Ather 340 and 450. By 2023, the startup is aiming to grow its presence to over 30 cities, with over 6,500 charging stations — up from 38 currently — and production capacity of a million scooters in a year.

There’s some way to go before it can reach those lofty goals, but Ather has built a fan following in the nation for its scooters in recent years. Its scooters sport high storage battery density (2.4 KWh Lithium-ion), a dashboard for navigation information, 75 km of mileage, and take less than three hours to fully charge.

That’s led Mehta to call the Ather 450 “the most powerful smart scooter in the Indian market.”

Ather Energy offers its scooters to consumers in three ways: outright purchase, purchase with a subscription for value-added features, and leasing, an option it only recently introduced.

The company’s competitors include Vogo, Bounce, and Yulu, which earlier this month inked a deal with Uber to conduct a trial in the nation. Another big name is also involved: Uber rival Ola has invested about $100 million in startup Vogo, which operates in Bengaluru and Hyderabad.

Mehta said that he thinks electric scooters are a good fit for ride-hailing giants, and that’s something he is open to exploring at a later stage. But for now, his startup will stick to its B2C (business to consumer) play.

In a prepared statement, Sachin Bansal, who has emerged as one of the most prolific VCs in India, said, “Their [Ather Energy’s] focus on end to end customer experience will open up new revenue opportunities and accelerate the adoption of electric vehicles in India. The future is electric and I am excited to be a part of this journey in shaping the future.”

[thetechmedia1]

Electric two wheeler maker Ather Energy gets another $12Mn from Hero MotoCorp

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Ather Energy, the much storied Indian electric two wheeler company has received an investment worth nearly $12Mn from Hero MotoCorp, in turn raising the latter’s stake in the company by a further 3%. Hero had invested Rs.205 cr in 2016, lending the company a 31.27% stake prior to today’s investment.

The startup, which offers electric scooters, plans to use this investment to scale up distribution to 20 cities by the end of 2021, with a plan to make an entrance in Pune, Delhi, Mumbai, and Hyderabad by the end of October 2020.

Ather Energy was incubated in IIT Madras back in 2013. The Technology Development Board of IIT-M and Srini V Srinivasan, IIT alumnus and founder of Aerospike had provided Rs.45 lacs to start the company. However, the fossil fuel heavy market of India was simply not impressed by the idea of building smart electric scooters for the Indian market, and thus in early 2014, Ather Energy was facing a shortage of funds. The founders then approached Sachin Bansal and Binny Bansal, founders of Flipkart who believed in Ather Energy’s vision and invested $1 mn in the startup. The company took off from there, and in May 2015 bagged $12 mn from Tiger Global.

Last May, the company raised $51 million in a funding round led by Sachin Bansal, who alone infused $32 million.

They currently have two models in public. The Ather 450 and 450X are fully electric scooters that embrace top speeds of 80kmph. While the former can get from 0 to 40kmph in 3.9 seconds, the latter can do it in 3.3, and also boasts a range of about 85 kms, 10 kms higher than the Ather 450. These are produced at the company’s Whitefield production plant, with the company already developing a new manufacturing plant in Hosur to accomodate more production orders.

The Ather Grid system, “an extensive public charging network in your city,” has established 31 fast charging points in Bengaluru and 10 charging points in Chennai. The company aims to introduce more cities to the concept of EV charging stations, and expand its Grid across the country in the next 5 years.

In 2013, the Indian government had launched the National Electric Mobility Mission Plan 2020, that aimed to faster adoption and manufacturing of hybrid and electric vehicles in the country. According to Greenwatch’s Climate Risk Index, India’s rank declined from 14th to 5th in 2 years. This encourages the fact that more EV vehicles are needed on Indian roads.

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[bharatiyamedia-blog]

India’s Ather Energy raises $51 million to grow its electric scooters business – TechCrunch

http://tinyurl.com/y4rdfgs2 There’s more money racing into India’s increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. The round was led by early backer Sachin Bansal, the co-founder of Flipkart, who invested $32 million. The rest of the money was provided by Hero MotoCorp, which added $19 million in convertible debt, and venture debt VC firm InnoVen Capital which put in $8 million. The deal means that the six-year-old startup has raised around $90 million to date. In an interview with TechCrunch, Tarun Mehta, co-founder and CEO of Ather Energy, said the startup will use the fresh capital to expand to new cities, and ramp up its manufacturing capacity and supply chain network. Ather’s scooters, currently available only in Bengaluru, will be launched in Chennai followed by other unspecified cities, he said. Ather Energy will also attempt to produce 20,000 to 25,000 scooters a year through its own manufacturing plant in Bengaluru, Mehta revealed. The company is also keen to expand its product portfolio, which currently numbers just two scooter models — Ather 340 and 450. By 2023, the startup is aiming to grow its presence to over 30 cities, with over 6,500 charging stations — up from 38 currently — and production capacity of a million scooters in a year. There’s some way to go before it can reach those lofty goals, but Ather has built a fan following in the nation for its scooters in recent years. Its scooters sport high storage battery density (2.4 KWh Lithium-ion), a dashboard for navigation information, 75 km of mileage, and take less than three hours to fully charge. That’s led Mehta to call the Ather 450 “the most powerful smart scooter in the Indian market.” Ather Energy offers its scooters to consumers in three ways: outright purchase, purchase with a subscription for value-added features, and leasing, an option it only recently introduced. The company’s competitors include Vogo, Bounce, and Yulu, which earlier this month inked a deal with Uber to conduct a trial in the nation. Another big name is also involved: Uber rival Ola has invested about $100 million in startup Vogo, which operates in Bengaluru and Hyderabad. Mehta said that he thinks electric scooters are a good fit for ride-hailing giants, and that’s something he is open to exploring at a later stage. But for now, his startup will stick to its B2C (business to consumer) play. In a prepared statement, Sachin Bansal, who has emerged as one of the most prolific VCs in India, said, “Their [Ather Energy’s] focus on end to end customer experience will open up new revenue opportunities and accelerate the adoption of electric vehicles in India. The future is electric and I am excited to be a part of this journey in shaping the future.” Source link

[ankur-motors]

Electric scooters are a great alternative to your regular petrol bikes and scooters. These electric bikes are eco-friendly and pocket friendly. Hero electric introduced there various electric scooters that are high in demand. Book your electric scooter at the nearest hero showroom in Hyderabad.