| Date | Title | Description |
| 23.10.2024 | Syngene International’s CFO Sibaji Biswas resigns | Syngene International Limited’s Executive Director, Chief Financial Officer (CFO), Sibaji Biswas has resigned to pursue other career opportunities. He will be replaced by Deepak Jain effective from December 1.
The company said in its filing... |
| 11.10.2024 | Special Navratri Offers on Online Booking of Electric Scooters with a Bajaj Finserv Two-wheeler Loan | Pune, Maharashtra, India
This Navratri, Bajaj Finance is offering exciting festive season offers for those looking to buy an electric scooter. Customers can avail of cashback of up to Rs. 5,000 on booking an electric scooter online through ... |
| 26.09.2024 | Domestic Investors Now Turning To Unlisted Startups: Shiprocket’s Vishesh Khurana | SUMMARY
A host of domestic investors are now looking to back unlisted startups, especially when some of the listed firms scored strong performance in the last 3-4 years, according to logistics unicorn Shiprocket's cofounder Vishesh Khurana.... |
| 24.09.2024 | Oister Global, Tribe Capital India partner to launch $500 million fund for secondary market investments | Gurugram-based investment firm Oister Global and the growth equity and private equity Indian arm of Tribe Capital--Tribe Capital India to launch a new fund focused on secondary transactions.
This fund is expected to make investments amounti... |
| 23.09.2024 | Swiggy's IPO: A Culinary Leap into the Stock Market | Swiggy is stirring the pot. The food delivery giant is gearing up for a significant IPO, aiming to raise Rs 5,000 crore, roughly $602 million. This move marks a pivotal moment for the Bengaluru-based company, which has been a staple in the ... |
| 23.09.2024 | Food delivery and quick commerce company Swiggy to raise Rs 5,000 Cr via fresh issue | As part of its initial public offering (IPO), food delivery and quick commerce company Swiggy plans to raise Rs 5,000 crore ($602 million) through a new issue. With plans to seek board approval for the offer for sale (OFS) in the first week... |
| 17.09.2024 | electronica India, productronica India, and SEMICON India 2024 Elevate India's Electronics Ecosystem as Southeast Asia's Largest Industry Platform for Electronics | New Delhi, Delhi, India
Featured 45,532 visitors with over 2,000 B2B meetings scheduled.
The largest edition to date was graced by the esteemed presence of the Honorable Prime Minister of India, Shri Narendra Modi, along with Shri Yogi Adit... |
| 13.09.2024 | Moneyview Joins Unicorn Club After Fresh Capital Raise, Bolsters Services with Jify Acquisition With this acquisition, Moneyview aims to expand its financial services by integrating employee-focused s... | Moneyview, a consumer lending platform, has achieved unicorn status following a new funding round from existing investors, Accel India and Nexus Ventures.
The company issued 60,23,382 equity shares at an issue price of INR 64.15 each, raisi... |
| 12.09.2024 | The Unicorn Board Adds 8 New Companies, With One Newly Minted Entry Valued At $16B | 1 Shares Email Facebook Twitter LinkedIn
Eight companies joined The Crunchbase Unicorn Board in August, with six based in the U.S., and two hailing from China and India, respectively.
Among them was Huawei Technologies’ smart car subsidiary... |
| 10.09.2024 | Ather Energy Files DRHP Papers to Raise INR 3,100 Cr; Plans Major Expansion Ather Energy may also conduct a pre-IPO placement of up to INR 620 crore, potentially reducing the size of the fresh issue a... | Founded in 2013 by Tarun Mehta and Swapnil Jain, electric two-wheeler manufacturer Ather Energy Limited is preparing for its initial public offering (IPO) worth INR 3,100 crore.
Ather Energy's product lineup includes two key models: the Ath... |
| 09.09.2024 | Ather Energy to file Rs 45 Bn IPO papers next week
Deep Industries wins Rs 14.02 billion ONGC contract for production boost
Why Public EV Chargers Rarely Deliver the Promised Fast Speeds
Odisha poised... | ECONOMY & POLICY Ather Energy to file Rs 45 Bn IPO papers next week
09 Sep 2024 2 Min Read CW Team
Tiger Global-backed startup Ather Energy will be filing its draft prospectus for an initial public offering (IPO) in the first half of th... |
| 09.09.2024 | Ather Energy IPO: Losses soar to over Rs 1000 crore even as topline remains flat in FY24 | As of As of March 31, 2024, the company reported a customer base of 114,000 customers, up from 23,000 customers in March 2022. |
| 09.09.2024 | Ather Energy FY24: Revenue Declines On Reduction In FAME-II Subsidy, Loss Up 22% To INR 1,060 Cr | SUMMARY
Ather’s operating revenue declined 1.5% YoY to INR 1,753.8 Cr in FY24, hurt by the reduction in FAME subsidy provided by the government
In FY23, Ather’s operating revenue had seen a sharp 335% YoY jump to INR 1,780.9 Cr and net loss... |
| 09.09.2024 | Ather Energy Working On New 2-Wheeler Platforms To Enter Electric Motorcycle Segment | SUMMARY
Ather said it plans to expand its product portfolio with the launch of new vehicles that can cater to the broader E2W market with upgraded software features
As of now, Ather’s portfolio comprises seven electric scooters – Ather 450X... |
| 07.09.2024 | From Drip Capital To Rapido – Indian Startups Raised $348 Mn This Week | SUMMARY
Between September 2 and 7, Indian startups collectively mopped up around $348 Mn in funding across 19 deals
Rapido’s fundraise, the traveltech sector became the funded sector with an investment of $204 Mn deals
Ather Energy is looki... |
| 06.09.2024 | Ather Energy Eyes INR 4,500 Cr IPO, To File DRHP Next Week | SUMMARY
Ather Energy is targeting a valuation of around $2.5 Bn for the IPO, which will be mix of fresh issue and offer for sale
The development comes on the heels of Ather’s competitor Ola Electric going public by raising over INR 6,145.6 ... |
| 01.09.2024 | Startup receives Rs 250 Cr investment from Yubi founder Gaurav Kumar | Gaurav Kumar, the CEO and founder of the fintech unicorn Yubi (formerly CredAvenue), has contributed Rs 250 crore ($30 million) in equity capital to his startup. This represents one of the biggest investments a founder has made in a tech co... |
| 23.08.2024 | The Electric Rollercoaster: Ola Electric's Market Struggles Amid Subsidy Uncertainty | The electric vehicle (EV) market in India is a thrilling ride, full of ups and downs. Ola Electric, once the undisputed champion of electric scooters, is now facing a steep decline. In just two months, its market share plummeted from 39% in... |
| 20.08.2024 | With no headwind on FAME-III, EV manufacturers concerned on festive sales post EMPS expiry on September 30 | With Electric Mobility Promotion Scheme (EMPS) expiring on September 30, electric two/three-wheeler manufacturers are concerned with no progress or announcement of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-III) scheme... |
| 17.08.2024 | This Week's Best Startup Funding: August 10–16 Here is a list of the startups that have raised the most money this week, from August 10 to August 16. | Zepto: Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto excels in quick commerce in India, delivering groceries, electronics, and essentials within 10–20 minutes. Operating in major cities like Bengaluru, Delhi, and Mumbai, the st... |
| 14.08.2024 | Ather Energy: A New Unicorn in the Electric Revolution | Ather Energy has officially joined the unicorn club, a coveted status that signifies a valuation of over $1 billion. The Bengaluru-based electric scooter manufacturer secured $71 million from the National Investment and Infrastructure Fund ... |
| 14.08.2024 | With $71 M from current backer NIIF, Ather becomes unicorn | With the acquisition of $71 million from current investor National Investment and Infrastructure Fund (NIIF), Bengaluru-based Ather Energy, a manufacturer of electric scooters, has joined the unicorn club.
Ather’s estimated net worth is $1.... |
| 13.08.2024 | The Electric Surge: Kazam and Ola Electric Lead India's E-Mobility Revolution | India is on the brink of an electric revolution. The streets are buzzing with electric vehicles (EVs). Two players are at the forefront: Kazam and Ola Electric. Both are redefining the landscape of e-mobility in the country. Their recent mo... |
| 13.08.2024 | Ather enters unicorn club with fresh funding from NIIF | Ather electric scooters are seen outside the showroom in Mumbai, India | Credit: Reuters
Electric scooter maker Ather Energy has made its entry into the unicorn club, securing $71 million (Rs 596 crore) in fresh capital from India's quasi-s... |
| 13.08.2024 | E-scooter maker Ather Energy rides into unicorn club ahead of IPO | Indian electric two-wheeler manufacturer Ather Energy has raised $71 million from government-backed National Investment and Infrastructure Fund Limited (NIIF), at a valuation of $1.3 billion, a source familiar with the matter told DealStree... |
| 13.08.2024 | Ather Energy becomes unicorn after raising $71 million funding from NIIF | Electric two-wheeler maker Ather Energy has turned unicorn after raising ₹600 crore ($71 million) from existing investor National Investment Infrastructure Fund (NIIF) in a new funding round, according to sources.
NIIF, the Indian soverei... |
| 13.08.2024 | Ather Energy Turns Unicorn After USD71 Million Funding From NIIF In September last year, Hero MotoCorp, its existing shareholder has announced its board's approval to invest INR 550 crore into Ather E... | Electric two-wheeler manufacturer Ather Energy has secured USD 71 million in a new funding round led by its existing investor, the National Investment and Infrastructure Fund (NIIF), which takes the valuation to USD 1.3 billion, making it a... |
| 13.08.2024 | Ather Energy enters unicorn club after raising $71M funding from NIIF
Recommended Stories For You | Electric two-wheeler maker Ather Energy has turned unicorn after raising Rs 600 crore ($71 million) from existing investor National Investment Infrastructure Fund (NIIF) in a new funding round, two sources told YourStory.
This comes days ... |
| 12.08.2024 | Kazam Secures USD 8 Mn in Series A3 Round Led by Vertex Ventures Southeast Asia and India for E-Mobility Expansion The Bengaluru-based startup aims to deploy the raised funds to bolster its technology... | E-mobility startup Kazam has announced the raising of USD 8 million in a Series A3 round led by Vertex Ventures Southeast Asia and India. The round also saw participation from Avaana Capital, Alteria Capital, and several other notable inves... |
| 09.08.2024 | India’s Employment Gamble: A $24 Billion Bet on the Future | India stands at a crossroads. The nation is grappling with rising unemployment, a staggering 9.2% as of recent reports. This is a sharp spike from 7% just months earlier. In response, the Indian government has unveiled a bold $24 billion pl... |
| 06.08.2024 | The IET India Awards 2024: Final Call for Nominations | Bengaluru, Karnataka, India
The Institution of Engineering and Technology (IET) is issuing a final call for nominations for the prestigious IET India Awards 2024. With just one week remaining, we urge all innovators and leaders in engineeri... |
| 02.08.2024 | [Weekly funding roundup July 27- Aug 2] Sharp rise in VC inflow
Recommended Stories For You | August has brought with it a cheer in the venture capital ecosystem.
The first week of the month saw venture capital funding touching $332 million across 22 deals. In comparison, the previous week saw only $71 million coming in. The startup... |
| 01.08.2024 | Kinetic Green raises Rs 168 Cr from Greater Pacific Capital
Recommended Stories For You | Kinetic Green, an electric vehicle (EV) manufacturer, raised Rs 168 crore in equity and debt from London-based private equity fund Greater Pacific Capital, a filing from the Ministry of Corporate Affairs showed.
The E-Luna maker raised Rs 6... |
| 30.07.2024 | Ola Electric’s IPO to be launched on August 2 | The electric mobility company Ola Electric revealed that the issue will open to the public on August 2 and close on August 6, with the anchor book for the offering scheduled to launch on August 1.
Ola Electric filed the DRHP to raise Rs 5,5... |
| 30.07.2024 | IPO-bound Ather Energy raised Rs 60 Cr debt funding | Even before it might go public, Ather Energy has been raising debt financing. Through its trustee Vistra ITCL, the Bengaluru-based company raised debt from Stride Ventures totaling Rs 60 crore, or more than $7 million.
The manufacturer of e... |
| 29.07.2024 | Deals in brief: Hive Health raises USD 6.5 million, AgFunder VC closes fourth early-stage fund, ten China and India deals, and more | Hive Health raises USD 6.5 million in pre-Series A round
Hive Health, a health insurance company based in Manila, has raised USD 6.5 million in a pre-Series A funding round. Key investors include Gentree Fund and Beenext, with participation... |
| 29.07.2024 | Ather Energy raises Rs 60 Cr in debt from InnoVen Capital
Recommended Stories For You | Bengaluru-based Ather Energy raised Rs 60 crore in debt funding from InnoVen Capital India Fund through its trustee, Vistra ITCL, the company said in a filing with the Ministry of Corporate Affairs.
The electric vehicle company will allot 6... |
| 27.07.2024 | Ola Electric IPO to open for public on August 2 | EV maker Ola Electric’s initial public offering (IPO) will open for retail subscription on August 2 and the public offering will value the company between $4.2 billion to $4.4 billion.
The IPO will close for retail subscriptions on August 6... |
| 27.07.2024 | Ather Energy Raises INR 60 Cr Debt From InnoVen Capital | SUMMARY
Ather will issue 6,000 Series D1 Debentures with face value of INR 1,00,000 (One Lakh) per debenture to InnoVen Capital
This debt funding marks the third infusion in Ather in less than two months, following an infusion pegged at INR... |
| 27.07.2024 | Exclusive: IPO-bound Ather Energy raises Rs 60 Cr debt | Ather Energy has continued to raise debt funding before its potential public listing. The Bengaluru-based company has raised Rs 60 crore (over $7 million) in debt from Stride Ventures through its trustee Vistra ITCL.
This is the second debt... |
| 25.07.2024 | India's Space Economy: A Launchpad for Growth**
** | ** India's space economy is on the rise. It’s a rocket ready to launch. With a current valuation of around USD 8.4 billion, the nation aims to reach USD 44 billion by 2033. This ambitious goal is fueled by a surge in space startups, which h... |
| 25.07.2024 | The Shifting Sands of Healthcare and Employment: A Tale of Innovation and Protectionism**
** | ** In the rapidly evolving landscape of healthcare and employment, two recent developments in India highlight the contrasting paths of innovation and protectionism. On one side, ACKO, a digital insurance provider, is making waves by acquiri... |
| 25.07.2024 | Pneucons secured undisclosed Pre-series funding from Tarun Mehta | Driven solely by social media engagement, Pneucons, a B2B industrial marketplace startup, has closed its undisclosed pre-series investment round. Tarun Mehta, the CEO and co-founder of Ather Energy, also took part in the round.
With an emph... |
| 24.07.2024 | Pneucons Secures Pre-Series Funding From Ather's CEO Tarun Mehta and Others Pneucons will use the new funds to grow its team and boost cross-border transactions in engineering sectors like fire safety... | Pneucons, a B2B industrial marketplace startup, has closed its undisclosed pre-series investment round, driven entirely by social media engagement. The round also saw participation from angel investors and counts Tarun Mehta, Co-founder and... |
| 24.07.2024 | Insurtech Platform ACKO Acquires OneCare to Revolutionise Chronic Care Management By acquiring OneCare, ACKO seeks to enhance its customer experience with cutting-edge clinical care, aligning with its... | Digital insurance provider ACKO announced that it has acquired the digital chronic care management company OneCare in an undisclosed all-cash transaction.
The acquisition is a strategic move to re-emphasise ACKO's broader vision of being a ... |
| 13.07.2024 | EV Companies Should Invest Into Supply Chain: Bhavish Aggarwal His comments came after Zerodha co-founder Nikhil Kamath took a light-hearted dig at Ather Energy's marketing strategy. Kamath appreciate... | Ola CEO Bhavish Aggarwal said that electric vehicle manufacturers should save money and invest it into the supply chain that will boost the sales.
He took to microblogging site 'X' on Friday to give advice to EV companies that invest heavil... |
| 05.07.2024 | Ather Energy plans to go global in next 12-15 months | In a bid to go global, electric scooter manufacturer Ather Energy, which is currently exporting its products to Nepal only, is looking at shipping to more geographies in the next 12-15 months.
“We have definite plans of taking it global. We... |
| 04.07.2024 | Mid-Sized Cities To Be Big Demand Centre For Electric Vehicles: Report The states covered under the report include Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, T... | In the backdrop of large auto market and the expansion strategies of EV makers could make tier 2 cities the next big demand centre for EVs as the gap in demand for electric vehicles between large and mid-sized cities in the country is shrin... |
| 03.07.2024 | FirstCry and Unicommerce receive approval for their IPO from SEBI | Initial public offerings (IPOs) by SoftBank-backed FirstCry, an omnichannel retailer with a focus on kids’ products, and Unicommerce, an e-commerce SaaS startup, have been given final approval by the Security Exchange Board of India (SEBI).... |
| 01.07.2024 | SoftBank-backed FirstCry, Unicommerce get SEBI approval for IPO | Kids-focused omnichannel retailer FirstCry and ecommerce SaaS startup Unicommerce, both backed by SoftBank, have received final approval from the Security Exchange Board of India (SEBI) for their initial public offering (IPOs).
FirstCry had... |
| 28.06.2024 | Maharashtra's Electric Scooter Revolution | Maharashtra is set to become a hub for electric scooter manufacturing with Ather Energy's plans to establish a Rs 20 billion plant in Sambhajinagar. This move is expected to create 4,000 jobs and produce up to one million units annually, sh... |
| 27.06.2024 | Ather to Build Electric Scooter Plant in Sambhajinagar: Fadnavis
We aim to strengthen our presence in Mumbai and Bengaluru
Kitchen Kinetics
KIIFB Approves Rs.860 Bn for Development Projects in Kerala | ECONOMY & POLICY Ather to Build Electric Scooter Plant in Sambhajinagar: Fadnavis
27 Jun 2024 2 Min Read CW Team
Ather Energy plans to establish a Rs 20 billion electric scooter manufacturing plant at Aurangabad Industrial City (AURIC) ... |
| 26.06.2024 | Ather to set up ₹2,000-cr manufacturing plant in Maharashtra | Ather Energy will be setting up its third manufacturing facility in Aurangabad Industrial City in Maharashtra with an investment of more than ₹2,000 crore. The manufacturing plant will produce up to one million units of vehicles and battery... |
| 26.06.2024 | Ather Energy To Set Up Third Manufacturing Facility In Maharashtra As EV Sales Rise | SUMMARY
Ather said that the new plant will allow it to get closer to more markets in the country, thereby reducing logistics cost and decreasing delivery times
The IPO-bound startup currently has two manufacturing facilities in Tamil Nadu f... |
| 25.06.2024 | IPO-bound Ather converts itself into public entity | Electric scooter manufacturer Ather Energy has converted itself into a public company. This marks the company’s concrete step towards a definitive initial public offering (IPO) plan.
The board at Ather has approved the resolution to change ... |
| 24.06.2024 | SEBI approves Ola Electric’s $660 M IPO | The Security Exchange Board of India (SEBI) has finally given Ola Electric the all-clear to proceed with its initial public offering (IPO), six months after the company filed a draft red herring prospectus (DRHP).
Ola Electric submitted the... |
| 24.06.2024 | Exclusive: Ather Energy Converts Into A Public Entity As IPO Plans Gather Steam | SUMMARY
Ather Energy’s board passed a resolution last week, during its annual general meeting, to convert the startup into a public company from private
The startup’s name has now changed to Ather Energy Ltd from Ather Energy Pvt Ltd earlie... |
| 24.06.2024 | IPO-Bound Ather Energy Joins Hands With TATA IIS To Help Build EV Workforce | SUMMARY
Ather Energy will provide TATA IIS with vehicles, motors, batteries and other hardware equipment to build EV labs
Founded by Tarun Mehta and Swapnil Jain in 2013, Ather Energy is one of the major players in the Indian electric two-w... |
| 20.06.2024 | Ola Electric gets SEBI nod for $660 Mn IPO | Six months after filing a draft red herring prospectus (DRHP), Ola Electric has finally received a go ahead signal for its initial public offering (IPO) from the Security Exchange Board of India (SEBI).
In December 2023, Ola Electric filed ... |
| 19.06.2024 | Top Four Electric Scooters in India in 2024 | Share
Tweet
Share
Share
Email
The Indian transportation landscape is undergoing a thrilling shift towards electric vehicles. Electric scooters, in particular, are gaining immense popularity due to their affordability, environmental benefits... |
| 14.06.2024 | Prior to its IPO, Ola Electric raised Rs 100 Cr in debt | Alteria Capital has provided debt totalling Rs 100 crore, or roughly $12 million, to Ola Electric, which is preparing for an IPO. This is the company’s second round of debt funding for 2024; it is based in Bengaluru.
According to regulatory... |
| 13.06.2024 | The Thriving Startup Ecosystems of Southern India: Bengaluru, Kerala, Tamil Nadu, and Telangana Whether you are in Fintech, Life Sciences, Robotics, AgriTech, AI, or Clean Tech, these states of India ... | India's startup ecosystem has flourished over the past decade. With 1,17,254 Department for Promotion of Industry and Internal Trade (DPIIT) recognized startups as of 31st December 2023, the country continues to climb the startup-friendly c... |
| 11.06.2024 | Deals in brief: Deemples bags funding from V Ventures, YesWeHack raises USD 28 million, Innoviti initiates second close of Series E round, and more | Deemples raises USD 2 million from V Ventures
Deemples, a Malaysia-based app-based platform for golfers, has raised USD 2 million from Singapore-based venture capital firm V Ventures.
Deemples is a platform that helps golfers easily find an... |
| 10.06.2024 | Deals in brief: Seaplane Asia secure funding, generative AI startup Pika raises USD 80 million, CICC Porsche Fund completes initial closing, and more | NewsDeals in brief: The Sandbox announces USD 20 million funding, Japan’s Astroscale completes Tokyo IPO, five China deals, and more
Written by KrASIA Writers The Sandbox, Wrtn, Astroscale, and more led last Friday’s headlines: The Sandbox,... |
| 09.06.2024 | E-Mobility Maestro: Mahesh Babu Mahesh suggests that one should prioritize creativity and innovation in product development and solutions during the initial stage of organisation. | - |
| 08.06.2024 | Sachin Bansal Exits Ather, Sells Stake To Hero MotoCorp & Nikhil Kamath | SUMMARY
Bansal exited Ather by selling his remaining 7.5% shareholding in Ather, which was lapped up by Hero MotoCorp (2.2%) and Zerodha cofounder Nikhil Kamath (5.3%)
Sachin Bansal was one of the first investors in Ather and had invested n... |
| 07.06.2024 | After 4X growth in FY23, Ather Energy’s revenue declines in FY24 | Following over four-fold growth during the financial year ending March 2023, electric scooter manufacturer Ather Energy saw a modest 1.5% decline in scale during the previous fiscal year (FY24).
Ather’s revenue from operations decreased to ... |
| 07.06.2024 | Hero MotoCorp invests Rs 124 Cr in Ather Energy, now controls nearly 42% stake | Hero MotoCorp has approved the purchase of an additional 2.2% stake in the electric scooter maker Ather Energy for about Rs 124 crore (approximately $15 million). This is the third investment from Hero MotoCorp in the Bengaluru-based compan... |
| 07.06.2024 | Ather’s FY24 Turnover Sees Marginal YoY Decline Despite Rise In EV Sales | SUMMARY
Ather Energy’s turnover stood at INR 1,753.8 in the year ended March 31, 2024, a decline of 1.5% from INR 1,780.9 Cr in FY23
The disclosure was made in Hero MotoCorp’s exchange filing, in which it informed about buying an additional... |
| 07.06.2024 | Hero MotoCorp Invests INR 124 Cr to Expand Stake in Ather Energy In the past nine months, Hero MotoCorp has made three investments in the Bengaluru-based company. | - |
| 07.06.2024 | Sachin Bansal exits Ather Energy selling remaining stake to Hero MotoCorp, Nikhil Kamath | ETtechNikhil Kamath (left) and Sachin Bansal
Flipkart cofounder Sachin Bansal has sold his remaining 7.5% stake in electric scooter maker Ather Energy.
Read More News on
Ather EnergyAther EnergyHero MotoCorpinvestmentelectric scooterfunding... |
| 07.06.2024 | Hero MotoCorp invests Rs 124 crore into Ather Energy, valuation up 20% at Rs 5,636 core | AgenciesTarun Mehta, cofounder and CEO, Ather Energy
Two-wheeler major Hero MotoCorp has invested Rs 124 crore into electric scooter maker Ather Energy to pick up a further 2.2% share, the former said in a regulatory filing.
Read More News ... |
| 07.06.2024 | Hero MotoCorp invests ₹124 cr to pick up 2.2% additional stake in Ather Energy | Two-wheeler major Hero MotoCorp has invested ₹124 crore in electric scooter maker Ather Energy to pick up a further 2.2 per cent stake.
With the funding, Hero MotoCorp, which was the largest shareholder in Ather Energy, now holds nearly 39 ... |
| 06.06.2024 | Hero MotoCorp To Buy Additional 2.2% Stake In Ather For INR 124 Cr In A Secondary Deal | SUMMARY
The deal pegs Ather Energy at $675 Mn, lower than the reported $750 Mn valuation at which the EV major raised funds in May 2022
Hero MotoCorp will purchase the additional shareholding from an undisclosed existing investor
This comes... |
| 05.06.2024 | Environmental and financial benefits drive EV adoption in India: Study | - |
| 03.06.2024 | Ather Energy Closes USD 34.5 Mn Funding Round with Support from Co-Founders, Stride Ventures Tarun Mehta and Swapnil Jain, the co-founders of the Bengaluru-based company, have contributed around INR 4... | - |
| 01.06.2024 | Ather Energy's Electric Ride to Funding Success | Ather Energy, the electric scooter manufacturer, recently secured a hefty $34.5 million in debt and equity funding. This funding round marks a significant milestone for the Bengaluru-based company, as it gears up for potential unicorn statu... |
| 01.06.2024 | EV manufacturer Ather Energy raised $34.5 M Debt & Equity funding | With debt and equity, electric scooter manufacturer Ather Energy has raised Rs 286 crore, or $34.5 million. This is the company’s first round of funding for the year, based in Bengaluru.
Based on the company’s regulatory filings retrieved f... |
| 31.05.2024 | Ather Energy raises Rs 286 crore from founders and Stride Ventures | AgenciesTarun Mehta, cofounder and CEO, Ather Energy
Electric scooter maker Ather Energy has raised Rs 286 crore ($34 million) from its founders and Stride Ventures in a mix of debt and equity funding.
Elevate Your Tech Prowess with High-Va... |
| 31.05.2024 | India's First Electric Vehicle Index Launched The new index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds ... | - |
| 31.05.2024 | Ather To Raise INR 286.5 Cr In Equity & Debt, Cofounders To Infuse INR 86.5 Cr | SUMMARY
Ather’s board approved a proposal to raise an equity capital of INR 86.6 Cr from its founders Tarun Mehta and Swapnil Jain – by issuing 74,148 Series F CCPS
Additionally, the electric two-wheeler startup’s board also approved raisin... |
| 31.05.2024 | May sees electric two-wheeler sales revving up, led by Ola Electric | - |
| 30.05.2024 | Why the unorganised sector, thanks to e-rickshaws, leads India's EV growth | - |
| 29.05.2024 | EV incentive scheme FAME 3 to roll out with Rs 10,000 crore outlay | - |
| 28.05.2024 | India's PE-VC Investments Hit $39 Billion in 2023
Swiss Steel Goes Green with Renewables
Mumbai-Ahmedabad Highway: A Test of Patience
Margao Railway Overbridge: Centre Allocates Rs.99 Million | ECONOMY & POLICY India's PE-VC Investments Hit $39 Billion in 2023
28 May 2024 3 Min Read CW Team
Private equity and venture capital (PE-VC) investments in India surged to approximately $39 billion in 2023, marking a significant rebound... |
| 22.05.2024 | Affordable mass electric vehicles key to unlocking demand in Indian market | - |
| 16.05.2024 | Hero MotoCorp's Three-Pronged EV Strategy
Hero MotoCorp Launches Assembly Plant in Nepal
Hero MotoCorp and Ather Energy Unite for EV Charging Network
EPACK PREFAB completes 3.2 mn sqft industrial faci... | ECONOMY & POLICY Hero MotoCorp's Three-Pronged EV Strategy
16 May 2024 2 Min Read CW Team
Hero MotoCorp, India's leading two-wheeler manufacturer, is accelerating into the future with a robust three-pronged strategy for the electric veh... |
| 13.05.2024 | Murugappa Group to foray into e-SCV, plans to invest Rs 3,000 crore on EVs | - |
| 01.05.2024 | Over 90% of fund gets used before FAME deadline; supports 1.5 mn vehicles | - |
| 01.05.2024 | Two-Wheeler EV Registrations Nosedive Over 50% MoM In April, Ola Takes 35% Hit | SUMMARY
Escooter registrations declined over 53% month-on-month to 64,013 units in April from over 1.37 Lakh units in March
Ola Electric continued to top the chart even as its vehicle registration declined almost 35% MoM to 33,062 units las... |
| 16.04.2024 | Ola cuts entry-level scooter price: A look at what competitors are doing | - |
| 15.04.2024 | Ola Electric rolls out lower prices of S1 X range to challenge Ather’s Rizta | IPO-bound electric EV maker Ola Electric has slashed prices up to ₹10,000 for its S1 X portfolio scooter range.
The S1 X (2kWh) price has been reduced to ₹69,999. The S1 X also comes in 3-kWh and 4-kWh battery configurations will now cost ₹... |
| 08.04.2024 | How E2W Adoption In Tier 2 And 3 Cities Can Be Boosted Further Despite the growing demand of electric two-wheelers (E2Ws) in the Tier 2 and Tier 3 cities, the penetration is low and there several chal... | - |
| 07.04.2024 | Health-tech firm Pristyn Care eyes IPO in 3 yrs, to expand market presence | Health tech firm Pristyn Care aims to achieve profitability within the next six months and eyes an initial public offering in three years.
Pristyn Care is a Gurugram-based company that deals in minimally invasive medical and surgical interv... |
| 06.04.2024 | Ather Unveils Family Escooter Rizta, Forays Into Smart Helmet Segment | SUMMARY
Starting at INR 1.09 Lakh, the new escooter will be available in two models and three variants
Ather also rolled out the latest upgrade to its tech stack, AtherStack 6.0 which will offer features such as live location sharing, auto ... |
| 06.04.2024 | New Electric Mobility Scheme: Ather, Ola, TVS, Others Get Govt Nod To Sell EVs | SUMMARY
The prospective subsidies can be claimed for sales made in the upcoming four months
Last month, the Ministry of Heavy Industries (MHI) announced a new scheme to promote sale of electric two- and three-wheelers
The launch of the Elec... |
| 06.04.2024 | ICE is 'dead technology', Indian two-wheeler makers should grab global EV market: G20 sherpa Amitabh Kant | Kant pushed for Indian EV players to make electric two-wheelers for the global market. He was speaking at Ather's community day event in Bengaluru on April 6
Amitabh Kant, the G20 sherpa and former CEO of NITI Aayog, said that the Internal ... |
| 06.04.2024 | Ather Energy introduces Rizta scooter range tailored for family market | Electric 2-wheeler maker Ather Energy has launched a new range of scooters primarily targeting the family market, Rizta.
The family scooter will be available in two models: the Rizta S and the Rizta Z. The vehicles will have a battery capac... |
| 03.04.2024 | Ola, TVS, Hero MotoCorp, others get EMPS certificates manually to avail subsidy as Navratri approaches | As Navratri and high sale season approaches, Ola Electric, TVS Motor, Bajaj Auto, Hero MotoCorp and Ather Energy have managed to get certificates from the Ministry of Heavy Industries (MHI) in a manual format for availing subsidies under th... |
| 01.04.2024 | Setting the pace: Ola Electric sees momentum continuing after record March | Led by Ola Electric, which registered an industry record of 53,186 vehicles in March, electric two-wheeler (e2W) penetration hit a record at 8.91 per cent — the highest ever for a month (based on Vahan data).
The company’s Chief Marketing O... |
