Ather Energy Unlisted Stocks
Ather Energy Pvt. Ltd. is an Indian electric vehicle company founded by Tarun Mehta and Swapnil Jain in 2013. It manufactures the electric scooter Ather 450 and the Ather 450X. It has also established electric vehicle charging infrastructure Ather Grid. The company has announced an online-only purchase model for selling the product with doorstep service. It set up its manufacturing unit in Whitefield, Bangalore which commenced production in 2018 with a capacity of 600 vehicles per week. The company has disclosed the price of the Ather 450 to be ₹113,715 (US$1,600). It also establishes Ather Grid, an electric vehicle charging infrastructure in cities it is present in. The company has set up over 31 fast charging points in Bengaluru and 10 charging points in Chennai as of July 2019.