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Ather Energy - Pioneer Indian eScooter maker lining up for IPO
Ather Energy, a Bengaluru-based electric vehicle (EV) manufacturer, has emerged as a significant player in India’s electric two-wheeler market. Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy has been at the forefront of innovation, sustainability, and performance in the EV sector. The company’s journey from a startup to a unicorn is a testament to its commitment to transforming…
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#AURIC#Ather Energy#electricscooter#scooters#electricvehicles#electricvehiclesnews#evnews#evtimes#autoevtimes#evbusiness
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Introducing the Ather Rizta: Redefining Electric Mobility in India
In the dynamic landscape of electric mobility, Ather Energy’s latest innovation, the Ather Rizta, emerges as a beacon of sophistication and innovation. Positioned as a frontrunner in the rapidly expanding Indian electric scooter market, the Ather Rizta sets out to redefine standards of performance, comfort, and technology. Let’s embark on a comprehensive journey, delving into the intricacies of this revolutionary electric vehicle (EV), from its design philosophy to its cutting-edge technology and remarkable performance.
Design and Build
The Ather Rizta captivates with its distinctive design language, seamlessly blending contemporary aesthetics with functional elegance. Inspired by the acclaimed 450 Series, the Rizta introduces a new platform characterized by softer lines, rounded panels, and meticulously crafted details. Noteworthy design elements include a sleek mono-LED headlamp, stylish LED taillight, and robust 12-inch alloy wheels, ensuring both aesthetic allure and practicality on the road. Moreover, the Rizta prioritizes comfort with its generously proportioned seat and spacious flat floorboard, accommodating two passengers with ease and offering ample storage space for daily essentials.
Technology & More
In the realm of technology, the Ather Rizta stands tall, boasting a plethora of cutting-edge features aimed at enhancing the riding experience. Equipped with a TFT digital instrument console with touch functionality, turn-by-turn navigation, and smartphone connectivity, the Rizta seamlessly integrates modern conveniences into the riding experience. Leveraging the latest Ather Stack 6 technology, the Rizta incorporates features like Park Assist and auto hill hold, empowering riders with enhanced control and convenience.
Performance
Beneath its sleek exterior, the Ather Rizta houses a potent PMS electric motor, delivering exhilarating performance while maintaining efficiency and reliability. With brisk acceleration from 0 to 40 kmph in just 3.7 seconds and a top speed of 80 kmph, the Rizta promises a thrilling ride. Offering versatility with multiple battery pack options, riders can choose between a 2.9 kWh unit providing a commendable range of 105 km and a larger 3.7 kWh battery pack extending the range to 125 km on a single charge. With telescopic forks at the front and a single shock absorber at the rear, the Rizta ensures a smooth and controlled ride, instilling confidence in every maneuver.
Ather Stack 6 Updates
Continuously striving for improvement, Ather Energy has introduced several upgrades to its Ather Stack 6 software, enhancing the overall riding experience. Notable enhancements include the introduction of Coasting regen, enabling smoother deceleration and improving energy efficiency. With over-the-air updates extended up to Gen 3, Ather ensures that customers benefit from ongoing improvements and compatibility enhancements, staying at the forefront of technological innovation.
Variants, Pricing, and Bookings
Available in two variants — S and Z, the Ather Rizta caters to diverse preferences and requirements. With competitive pricing starting at ₹1.10 lakh, enthusiasts can book their Ather Rizta at authorized dealerships, with deliveries slated to commence in July, marking the beginning of an exciting journey towards sustainable and futuristic transportation solutions.
Conclusion
In conclusion, the Ather Rizta emerges as a game-changer in the realm of electric scooters, embodying innovation, performance, and sustainability. With its captivating design, advanced technology, and impressive performance credentials, the Rizta sets a new benchmark for electric mobility in India. As the automotive industry transitions towards a greener and more sustainable future, the Ather Rizta stands poised to lead the charge, offering consumers a glimpse into the limitless possibilities of electric transportation. With its competitive pricing, versatile features, and commitment to excellence, the Ather Rizta symbolizes progress and serves as a catalyst for change in the way we move.
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ATHER 450 APEX Review — What All To Expect?
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Ola Electric Rolls Out Lower Prices for S1 X Range to Rival Ather’s Rizta
Ola Electric, the electric mobility division of Indian ride-hailing giant Ola, has recently made headlines by announcing a significant adjustment in its pricing strategy for the S1 X range of electric scooters. This decision represents a concerted effort by the company to assert its dominance in India’s rapidly growing electric scooter market while going head-to-head with competitor Ather…
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February Sale Report : Ola maintained its lead on the EV sales chart.
In February 2023, three manufacturers – market leader Ola Electric, TVS Motor Co, and Ather Energy – reported new vehicle retail sales in excess of five figures. #Ola #ather #electricscooter #salereport #motogadi
In February 2023, three manufacturers – market leader Ola Electric, TVS Motor Co, and Ather Energy – reported new vehicle retail sales in excess of five figures. Let’s look at how the electric two-wheeler market performed in terms of sales in the previous month. In recent few months, the two wheeler market has seen the major swift towards electric segment from Petrol bikes or scooter. And…
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#ather energy#electric scooter#electric scooter sale report#ola electric#sale report#tvs scooter#two wheeler sales report
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Why do all electric vehicle companies occupy Warehouse and Industrial space in Hosur?
With the electric buzz that has taken the nation by storm, the Government is planning to develop EV parks in the same line as SEZ and pharma parks across the country. The EV park aims to house majority original equipment manufacturers, battery manufacturers, and charging infrastructure developers at one place. With the vision to develop an entire ecosystem at one same place, the Government plans to offer plug-and-play business models to EV industries who will set up their units in these parks. One such park is located in north western districts of Tamil Nadu, just across the Karnataka border from Bengaluru, which houses a number of new-age EV companies, such as, Ather Energy, Ola Electronics, Simple Energy, among others.
The Rise of Hosur Several factors have helped the Hosur belt boom with several big-ticket projects and investments in the region. The cluster witnessed two substantially high profile investments in the last couple of years, with Tata electronics setting up a ₹5,000-crore mobile components plant at Udhanapalli, and Ola, a ₹2,500-crore electric vehicle (EV) plant at nearby Pochampally. These massive investments triggered the new EV boom in Hosur, with EV companies preferring Hosur for putting up their manufacturing units given a competent ancillary supplier network, proximity to Bengaluru where corporate offices of these companies are located, plus amicable and skilled labour force in two-wheeler, automotive, and electronics segment.
Well-oiled Supply-chain Network The region is equipped with a strong supply-chain ecosystem, making it easier for the companies to locally source components necessary for manufacturing and assembly. This, in turn, would help us in improving cost and time efficiency for the businesses. Moreover, companies are prompting tier-2 suppliers to move their base to Hosur area, to make smaller components in the close vicinity to further add to the efficiency.
Financial SOP and Easier Admittance EV companies in the Hosur area are upheld by EV policy contrived by Tamil Nadu Government. The policy is drafted to support EV companies with repayment of SGST for electric vehicle producing, capital appropriation for battery fabricating, business motivation as far as repayment of EPF for a time of one year, exclusion from instalment of Electricity Tax till 2025 and 100 percent stamp obligation exception.
Proximity to Bengaluru As most of the corporate offices are located in Bengaluru, the first preference of companies is to put up a plant within a comfortable driving distance from head office. As most of the senior employees and mid-level management sit at the head office, most of the companies want employees to be able to move between the office and the plant in an hour or so maximum. For instance, Ather Energy corporate office is located in Koramangala, which is 60 minutes away from the Ather Energy plant in Hosur. Moreover, the connection via Electronics city flyover helps cut through the traffic, which was initially the pain point of employees moving between Koramangala and Whitefield, where Ather Energy plant was located.
Availability of Land and Scalability Scope Given the area related bottleneck in Bengaluru, it is essential for EV companies or any other manufacturing units to look into areas nearby that can accommodate projected production capacity and growth plans. Given, land investments are not made again and again, it is always advisable for the companies to take up the area based on the most optimistic business projections. With the same thought, Ather Energy Hosur plant is spread across 300,000 Sq. Ft. with capacity to produce 1,10,000 scooters annually. Ather Energy envisions that the plant will serve as Ather Energy’s national manufacturing hub, catering to demand from across the country. Moreover, the plant is nearly 10 times the capacity of the Whitefield, Bengaluru, plant.
Hosur Historic Precedence Within the close proximity to Bengaluru, Hosur area has historically been a dominant space for two wheeler, automotive, and electronics business segments. Given that EV is primarily an amalgamation of these three segments, it is therefore a natural choice for EV companies to develop manufacturing units in the Hosur area. Moreover, with established and consistent access to power, land, and labour relevant to the industry, Hosur is the first choice of investment. Furthermore, a lot of fossil-fuelled automotive industries are also expanding into the EV segment. This has prompted an easy transition for existing automotive companies in the area. Also, as Tamil Nadu has over 800 engineering colleges, the state offers an intellectual and skilled labour pool ensuring steady stream for the workforce.
Amicable Labour and Supportive Workforce In the area, it is widely noted that the kind of labour unrest Bengaluru witnesses is not seen in the Tamil Nadu north western districts, which are barely an hour away from each other. The most plausible reason for this could be the existential automotive businesses in the Hosur area, unlike Bengaluru, where labourers are experiencing the automotive industry for the first time. In Hosur, both industry and labour have matured, and the companies have learnt that exploitative practices are rather counter-productive. Therefore, most of the EV companies find this a huge draw in making investment decisions in the Hosur area.
Hosur Meteoric rise and the way ahead Given the reasons above along with a network of highways facilitating logistics of movement and the welcoming policies set by the Tamil Nadu Government for automotive companies, Hosur belt is emerging as an industrial bowl for the electric vehicle manufacturers. Tata, Delta, Ola Mobility, Ather Energy, and Simple Energy are some of the big names in the electronics and electric vehicle (EV) sectors that have made Hosur and the surrounding districts their home in the past few years.
Along with growing awareness and spiralling petrol prices, the demand for EV is set to increase significantly in the coming years. As per the data, In January 2022, overall high-speed EV two-wheeler registrations rose to 27,563 units as compared to 24,725 units in December 2021. To match the rising demand, manufacturers have to up their capacity, for example Ather Energy recently commissioned its second facility in Hosur to increase its capacity from 1,20,000 units to 4,00,000 units. Ola Electric has set out to build the world’s largest EV facility with an initial annual capacity of two million units. Furthermore, TVS has also decided to invest over 1,100 crores in the area for the new EV plant. If the cards are played right, this belt could further emerge as a global player given the fast adoption of EVs, especially in the two-wheeler segment.
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Visit Ather Showroom in Bangalore: Test Ride the Future of Electric Scooters
Electric mobility is the future, and Ather Energy is leading the charge with its innovative and high-performance electric scooters. If you're in Bangalore, there’s no better way to experience the future of commuting than by visiting an Ather Showroom in Bangalore. With cutting-edge technology, stylish designs, and a commitment to sustainability, Ather is redefining urban transportation.
Why Visit an Ather Showroom in Bangalore?
Book Your Favorite Ather Scooter Today!!!
Book Your Favorite Ather Scooter Today!!!
The Ather Dealership in Bangalore offers a complete experience for those interested in electric scooters. From hands-on test rides to detailed product demonstrations, the showroom ensures that you understand everything about Ather’s electric scooters before making your purchase.
When you search for an Ather Showroom near me, you’ll find that Ather Energy is easily accessible in Bangalore, making it convenient to explore their range of electric scooters. The knowledgeable staff at the dealership ensures a seamless experience by providing all the information you need about Ather’s products and services.
Experience the Ather 450X and Ather 450S
The Ather 450X and 450S models are two of the most advanced electric scooters available in India. When you visit an Ather Showroom in Bangalore, you’ll get the chance to:
Explore the Features: The Ather scooters come equipped with features like a 7-inch touchscreen dashboard, real-time navigation, ride modes, and smart app connectivity.
Understand the Performance: With a powerful motor that offers instant acceleration and a top speed of 80 km/h, Ather scooters deliver an unparalleled riding experience.
Learn About Charging Options: Ather offers both home charging solutions and a growing network of public fast chargers, known as Ather Grid, across Bangalore.
Conveniently Located Ather Dealerships in Bangalore
Looking for an Ather Dealership near me? Bangalore boasts several strategically located Ather showrooms to ensure accessibility for customers across the city. Whether you live in Whitefield, Koramangala, or Yelahanka, there’s an Ather dealership nearby where you can explore the scooters and book a test ride.
What to Expect at an Ather Showroom in Bangalore
When you step into an Ather Showroom in Bangalore, you’ll notice the modern and welcoming environment that reflects the brand’s commitment to innovation. Here’s what you can expect:
Interactive Product Displays: Get up close and personal with Ather’s electric scooters. Explore their features, build quality, and design.
Test Rides: Experience the smooth, quiet, and powerful ride of an Ather scooter on Bangalore’s roads.
Personalized Assistance: The sales team is trained to provide detailed information and help you make an informed decision.
Financing and Subscription Plans: Learn about flexible financing options and subscription plans that make owning an Ather scooter more accessible.
Sustainability and Ather Energy
Ather Energy is not just about creating electric scooters; it’s about building a sustainable future. By visiting an Ather Showroom in Bangalore, you become part of a movement towards reducing carbon emissions and promoting eco-friendly commuting. The scooters are designed with efficiency in mind, offering impressive mileage and low maintenance costs.
Ather Showroom in Mangalore: Expanding Horizons
If you’re outside Bangalore, you can visit the Ather Showroom in Mangalore to explore the same high-quality products and services. The Mangalore dealership offers a similar experience, ensuring that customers in coastal Karnataka have access to Ather’s innovative electric scooters.
How to Book a Test Ride at an Ather Showroom
Booking a test ride is simple and hassle-free. Visit the official Ather Energy website, locate the nearest Ather Showroom near me, and schedule a test ride. Alternatively, you can walk into the showroom, and the team will assist you with the booking process.
Why Choose Ather Electric Scooters?
Book Your Favorite Ather Scooter Today!!!
Contact Us!!
Innovative Technology: Ather scooters are equipped with state-of-the-art features, including over-the-air updates that keep your scooter’s software up to date.
Superior Performance: With a powerful motor and excellent handling, Ather scooters offer a thrilling ride every time.
Sustainable Mobility: Reduce your carbon footprint with an electric scooter that’s designed for the future.
Extensive Charging Network: Ather Grid ensures that you’re never far from a charging station.
Final Thoughts
Visiting an Ather Showroom in Bangalore is your gateway to experiencing the future of electric mobility. Whether you’re a tech enthusiast, an eco-conscious commuter, or someone looking for a stylish and practical ride, Ather Energy has something for everyone. Don’t just read about it—visit an Ather dealership today and test ride the future.
If you’re in Mangalore, the Ather Showroom in Mangalore provides the same exceptional service and innovative products, ensuring that Ather’s electric scooters are accessible to more people.
#ather dealership in bangalore#ather showroom in bangalore#ather showroom in jaya nagar#ather showroom in rajajinagar#ather showroom in jp nagar#best ather showroom in bangalore
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Electric Dreams Await: Experience the Future of Scooters at Vela Ather Showroom in Chennai
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Step Into the World of Electric Mobility with Ather in Chennai
Electric mobility is no longer just a concept of the future; it’s here and now. At the Vela Ather Showroom in Chennai, we are revolutionizing the way you commute with state-of-the-art electric scooters that combine cutting-edge technology, environmental sustainability, and an unmatched riding experience. As Chennai's trusted Ather dealership, we invite you to explore the ultimate electric scooter range designed for modern urban mobility.
Why Choose Ather for Your Electric Scooter Needs?
Advanced Technology Meets Practical Design
Ather scooters are engineered with precision and innovation. From the Ather 450X Gen 3 to other groundbreaking models, every detail is meticulously designed to deliver performance, reliability, and convenience. Key features include:
Smart Dashboard: A touchscreen dashboard with navigation, call alerts, and music controls.
Exceptional Range: Travel up to 146 km on a single charge, perfect for both city commutes and longer rides.
Eco-Friendly Motor: Zero emissions with a powerful electric motor ensuring smooth acceleration.
Performance Beyond Expectations
Ather scooters redefine performance with:
Instant Torque: Accelerate from 0 to 40 km/h in just 3.3 seconds.
Multiple Riding Modes: Eco, Ride, Sport, and Warp modes tailored for different terrains and preferences.
Regenerative Braking: Harness energy while braking to boost battery life.
What Makes the Vela Ather Showroom in Chennai Unique?
State-of-the-Art Facility
Located strategically in Chennai, the Vela Ather Dealership is designed to provide a seamless experience for visitors. Our showroom offers:
Interactive Displays: Learn about the technology behind Ather scooters through immersive exhibits.
Test Rides: Experience the performance and comfort of Ather scooters firsthand.
Expert Guidance: Our knowledgeable staff is always ready to assist you with every query.
Comprehensive Services
From purchase to after-sales support, we ensure an end-to-end experience for every customer.
Easy Financing Options: Flexible EMI plans to suit your budget.
Dedicated Service Center: On-site maintenance and repairs by trained professionals.
Charging Solutions: Assistance in installing home chargers and access to Ather’s vast charging network across Chennai.
Click Here for a Test Ride
Explore the Future with the Ather 450X Gen 3
The Ather 450X Gen 3 is our flagship model and a testament to the evolution of electric scooters.
Unmatched Specifications
Battery: 3.7 kWh lithium-ion battery.
Motor Power: 6 kW for a smooth yet powerful ride.
Top Speed: 80 km/h, perfect for city roads and highways alike.
Smart Connectivity
Stay connected on the go with features like:
Over-the-Air Updates: Regular software updates ensure your scooter is always up to date.
Ather App: Monitor your scooter's performance, locate charging points, and plan rides with ease.
Contributing to a Sustainable Future
At Vela Ather Showroom, we are committed to fostering a greener planet. By choosing Ather scooters, you’re not only investing in superior technology but also reducing your carbon footprint.
Charging Made Easy
Ather scooters come with a hassle-free charging setup:
Ather Grid: Access Chennai’s extensive network of fast chargers for quick top-ups.
Home Charging: Charge your scooter overnight with the compact and efficient home charger.
Environmentally Conscious Practices
Our manufacturing processes and products are designed to align with eco-friendly principles, ensuring sustainability at every step.
How to Visit the Vela Ather Showroom in Chennai
We are conveniently located to serve customers from all parts of Chennai. Plan your visit to experience:
Live Demonstrations: Watch live demos of Ather scooters in action.
Custom Purchase Plans: Tailor your purchase with our exclusive offers and packages.
Contact Us Today
Ready to embrace the future of mobility? Reach out to us to schedule your test ride or to learn more about Ather’s offerings.
Click Here for a Test Ride
#ather showroom in chennai#ather dealership in chennai#ather dealers in chennai#ather price in chennai#ather in chennai
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5 Questions To Ask When Visiting An Electric Scooters Store Near Me
When you're on the hunt for a new electric scooter, whether for personal use or to enhance your business, visiting an electric scooters store near me can offer significant advantages. You can see, touch, and test ride the scooters, get expert advice, and ensure you're choosing the right one for your needs. However, knowing the right questions to ask can make your visit more productive. Below are the five key questions to ask when you visit an electric scooters store near me, ensuring that you get the best value and performance for your investment.
1. What are the key features of the electric scooters available in your store?
The first and most important question when visiting an electric scooters store near me is about the features of the available models. Electric scooters vary widely in terms of design, performance, and features, so understanding what sets each model apart is crucial. Some questions to ask include:
Motor Power: How powerful is the motor in each model? Higher wattage motors provide better acceleration and top speeds, which might be important if you plan to travel longer distances or on hilly terrain.
Battery Life and Charging: What is the battery capacity and how long does it take to charge fully? If you're looking for an electric scooter with best mileage, this is especially important, as some scooters can travel up to 80 kilometers on a single charge.
Speed and Range: What’s the top speed of the scooter, and how far can it go on a single charge? If you're planning to use it for daily commuting or running a business, it’s important to choose a scooter with the right range to avoid frequent recharging.
Understanding these key features will help you choose the right scooter based on your personal or business needs, such as selecting an electric scooter for business use.
2. What is the warranty and after-sales service like?
When purchasing an electric scooter, it’s important to understand the warranty and after-sales service offered by the electric scooters store near me. Ask about:
Warranty Period: Does the store offer a comprehensive warranty on the scooter and its components, such as the motor, battery, and frame? A longer warranty period ensures that you're covered in case of defects or malfunction.
After-Sales Support: Does the store offer reliable after-sales support for repairs, servicing, or replacements? A reputable store should provide ongoing support, especially for electric scooter for business owners who depend on their scooters for daily operations.
Maintenance Services: Does the store provide maintenance packages or services to help keep the scooter in top condition over time?
Knowing this information will give you peace of mind and ensure you don’t face issues later on, particularly if you rely on the scooter for work.
3. Which electric scooter is the best company in India for my needs?
India has seen a rise in the popularity of electric scooters, and there are several brands to choose from. When you visit an electric scooters store near me, ask which electric scooter is the best company in India for your specific needs. Some popular brands in India include:
Ather Energy: Known for their stylish design and high-performance scooters, Ather Energy offers some of the most advanced electric scooters in the market.
Bajaj Auto: Bajaj’s Chetak is a well-known name in the electric scooter market, offering durability and reliability.
Okinawa: Okinawa offers a range of affordable and high-performing electric scooters suitable for both personal and business use.
E-went: E-Went is an emerging player in the electric scooter market, offering eco-friendly, efficient, and reliable solutions for urban commuters. With a focus on advanced technology and cost-effectiveness, E-Went electric scooters provide an ideal balance of performance and sustainability. Their designs cater to both individual and business needs, making them a great choice for those seeking practical electric mobility options.
By asking this question, you can get recommendations based on the scooter’s performance, customer reviews, and the brand’s reputation. Whether you need a scooter for commuting or a electric scooter for business, a reputable company can offer the best options.
4. What is the price range of electric scooters available in your store?
Understanding the price range of electric scooters at an electric scooters store near me is essential to help you make an informed decision. Electric scooters come in various price ranges, depending on features like battery size, motor power, and additional technology (like Bluetooth, GPS tracking, etc.).
Budget Options: If you’re looking for a budget-friendly electric scooter, ask for models that offer good performance but at a lower price. These scooters may have smaller batteries or motors but still provide a reliable experience for short-distance travel.
Premium Options: For higher performance, the store may offer premium electric scooters, especially for business use. These may feature larger batteries, advanced technology, and better mileage, but they come at a higher cost.
Asking about the price range will help you set a realistic budget for your electric scooter purchase. It's also important to keep in mind any available discounts, promotional offers, or financing options.
5. Can I test ride the electric scooters before making a purchase?
One of the key advantages of visiting a local electric scooters store near me is the opportunity to test ride the models before buying. Testing the scooter will allow you to assess how it feels on the road and whether it fits your needs. Make sure to ask:
Test Ride Availability: Does the store offer test rides for the models you’re interested in? This is especially useful for understanding the comfort, speed, and handling of the scooter.
Real-World Performance: During the test ride, pay attention to the scooter’s speed, acceleration, brakes, and overall stability. It’s also important to check how well the scooter handles different road conditions.
If you’re planning to use the scooter for commuting or electric scooter for business, the test ride will give you a better idea of its usability in your day-to-day operations.
Conclusion
Visiting an electric scooters store near me is a great way to ensure you make an informed decision when buying your electric scooter. By asking the right questions about features, warranty, company reputation, pricing, and test riding, you can find the perfect scooter for your needs. Whether you're looking for an electric scooter with best mileage for long commutes, a electric scooter for business to enhance your operations, or simply a reliable ride for everyday use, these questions will guide you in the right direction. Happy scooting!
#electric scooter with best mileage#electric scooter for business#electric scooter dealers near me#electric scooter best company in india#electric scooters in asansol#electric scooters in kolkata#electric scooters in durgapur
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Ather 450 Apex Review 2024: Specs, Price, Mileage, Battery Technology & Customer Ratings
Ather Energy continues to push the boundaries of electric mobility with the launch of its new flagship model, the Ather 450 Apex. This electric scooter builds on the success of its predecessors while offering a host of cutting-edge features, performance enhancements, and advanced technologies designed to meet the evolving demands of modern riders. Whether you are a city commuter or an enthusiast…
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How common man can benefit from EV Revolution in India? | Ola Electric IPO | Tesla for West... Ola for rest!
Ola Electric Mobility Pvt. is in line for an initial public offering sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021. “I thought it would take me… Continue reading Untitled
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#Ather Energy IPO update#best electric vehicle stocks india#Bounce Electric scooter IPO update#business india#electric vehicle stocks india#ev stocks india#indian ev startup#ipo update#live news update#Ola Electric IPO details#Ola Electric IPO update#tesla india news#upcoming ipo in india
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Exciting Update from Ather Energy: Commuter E-Motorcycle on the Horizon
Ather Energy, a pioneering force in the electric two-wheeler domain, has subtly unveiled its ambitious pursuit of a commuter e-motorcycle, marking a strategic shift in addressing consumer demands and grappling with technical intricacies. CEO and co-founder Tarun Mehta's recent remarks provide a glimpse into the company's strategic direction and the challenges inherent in this venture.
The electric two-wheeler market has experienced robust growth, with a notable 30% year-on-year expansion in FY24. Mehta elucidated the nuanced preferences of motorcycle enthusiasts, emphasizing their yearning for exhilaration, autonomy, and performance – factors necessitating solutions tailored to address range, power, and battery capacity concerns.
Navigating the technical hurdles proves to be a formidable task, with Mehta underscoring the delicate balance between range, power, and battery size. This trifecta is pivotal in meeting the diverse needs of motorcycle consumers, posing a challenge for EV manufacturers striving to penetrate this segment and necessitating innovative adaptations from the realm of electric scooters.
However, amidst these challenges lies a promising potential for disruption in the commuter market, particularly within the 110cc to 150cc motorcycle segment. Mehta's optimism stems from the industry's ongoing quest for innovation, with an eye toward striking the perfect balance between performance and practicality.
While Ather Energy remains tight-lipped about the precise timeline for the release of their e-motorcycle, Mehta assures stakeholders of the company's unwavering commitment to the project. Operational priorities notwithstanding, Ather Energy remains steadfast in its pursuit of technological excellence, signaling a bright future for both the company and the evolving landscape of electric motorcycles.
In conclusion, Ather Energy's foray into the commuter e-motorcycle segment signifies a strategic evolution aimed at addressing consumer needs and overcoming technical challenges. With optimism and determination, the company charts a course toward a future where electric mobility redefines the norms of the commuter market.
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Hyundai Motor Working on Electric Version of Creta SUV!
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The Indian Electric Vehicle Market
The shift to Electric Vehicles (EVs) is happening world-wide - and is moving rapidly in India too. The purchasing power of India’s burgeoning middle class is increasing, and more people are investing in vehicles. With the increasing cost of fossil-fuels in India, the need for EVs is acute here. However, the scarcity of lithium reserves made the Indian market dependent on other countries to charge the EVs, especially China which has control over 80% of the world’s lithium reserves. The ‘Atmanirbhar Bharat’ resolve of the government is pushing research on alternate means of charging EVs. The world is moving away from China in the wake of the COVID pandemic and is looking at India as a global manufacturing hub for EVs, riding on the already existing ecosystem of vehicle manufacture here.
Why EVs?
The major advantage of any EV is the ability to regenerate power, which is very useful in any urban environment which involves frequent braking and acceleration. With fewer moving parts EVs need less maintenance and lower operational costs. With no gears, combustion and mechanical drivetrains they are more convenient to operate. Home charging along with government incentives to EV owners such as Income Tax Deduction claim up to INR 150000 make purchasing an EV a wise decision. Besides, zero emission ensures minimal adverse impact on our health. Already, the number of EVs sold has witnessed quantum jumps, year-on-year since 2016.
The Charging Technology
Economic alternatives to the Li-ion charging have been developed and are ready for commercial use, such as Sodium-ion charging or Aluminium-air technology with abundant reserves available in India. With an impressive cost of manufacture in India, many multinational companies have either started or tied up with Indian companies to manufacture this alternative. Many automobile majors in India have already entered into agreements for use of these alternative charging mechanisms.
Incentivising the manufacture of EVs
In a healthy ecosystem, each state in India is wooing investment in the EV sector with various incentives. The world’s largest Electric Scooter manufacturing facility, OLA. is coming up in Tamil Nadu, and another Electric Scooter brand, Ather, has already started manufacturing here. Major heavy vehicle manufacturers (buses and lorries) are betting big with many state governments shifting their public transport to EVs already.
EV manufacturers, Tata Motors and Mahindra have tied up with an Aluminium-air charger manufacturer to power their EVs. The world’s largest manufacturer of Sodium-ion technology, Faradion, has set up base in India and should start production soon to offer an economic alternative to charge EVs. Major vehicle brands in India – Tata Motors, Hyundai, MG and Mahindra are already offering a line of EVs, and other brands will follow suit. With the expected entirety of vehicle manufacture in India shifting to EVs, the price of EVs will also be attractive as an alternative to fossil-fuelled vehicles. The abundant availability of chargers will make the charging process easy and smooth.
The Infrastructure to Support
The roadmap to EVs as a viable alternative depends on the charging infrastructure available.
“The government is pushing deployment of EV charging stations by providing capital subsidy through Faster Adoption and Manufacturing of Electric Vehicles in India (FAME) India Scheme Phase II and state level initiatives. Further, the government has delicensed the activity of setting up EV charging stations to increase private sector investments and facilitate market adoption” – Bureau of Energy Efficiency, Government of India, Ministry of Power (https://beeindia.gov.in/content/e-mobility).
Under Phase I of FAME India Scheme, 970 charging stations have been installed, and 2877 more EV charging stations across 25 States/UTs have been sanctioned under Phase II. In a big push for the EV sector, the government shared plans to set up at least one EV charging kiosk at each of the 69000 petrol pumps across the country.
No wonder that the Indian Electric Vehicle Market is poised for growth, and many EVs (cars, scooters, 3-wheeled autos, and heavy vehicles such as lorries and buses – many state bus fleets have already completely shifted to EVs) are already on the roads today. Although the sales figures till today leave much scope for growth, the traction the industry is observing today promises phenomenal growth in the coming years.
MELSS provides many electric vehicle test solutions, and has been keeping pace with the fast technology changes in the EV charging space, and brings you an exhaustive range of testing machines from Chroma ATE to test the chargers of EVs. We offer solutions catering to various standards, from AC/DC/CHAdeMO to CCS.
Author: https://www.melss.com/
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How fast can the Ather 450S go?
The Ather 450S, an electric scooter, can reach a top speed of around 70 km/h (43 mph). It's not the fastest on the block, but it's zippy enough for city commuting and zipping through traffic with ease. So, if you're looking for a nimble and eco-friendly ride, the Ather 450S has got you covered.
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