According to the Ather Energy press release, it has managed to raise a total of $51 million in the latest funding round from multiple investors.
Sachin Bansal, the co-founder of one of India’s largest e-commerce website Flipkart, invested $32 million. One of India’s leading two-wheeler manufacturers, Hero MotoCorp converted $19 million debt into equity.
The company manufactures the Ather 450, an intelligent electric scooter which is currently being supplied to early adapters in the cities of Bengaluru and Chennai.
The scooter sports a lithium-ion battery pack of 2.4 kWh capacity. The company claims that the battery’s life span would be around 50,000 kilometers with the facility of fast charging up to 80% at the rate of 1 kilometer per minute.
The scooter also sports an interactive dashboard that provides the rider with the usual ride information in addition to the estimated range available under different driving modes.
The dashboard also doubles as a navigation panel. The features that make this electric scooter intelligent include mobile applications for Android and iOS platforms and over-the-air updates.
The company has also set up charging stations across Bengaluru and Chennai and claims to have charging stations within a range of 4 kilometers (2.5 miles) of each other.
The scooters can also be charged from the normal household electric sockets using a charging cable provided with the scooter.
Reference- Clean Technica, Ather Energy PR