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Swayam Chatterjee

Stealth • 6m

Why India's OG Electric Scooter Company is Failing? Founded in 2013 by Tarun and Swapnil, Ather initially aimed to build a battery company. However, they shifted their focus to creating electric vehicles due to existing EVs’ poor performance and design. Despite competition, Ather crowdfunded production through pre-orders. Hero Motors invested ₹205 crores, enabling Ather to launch the Ather 340 and Ather 450 in 2018. Late entry and marketing challenges hindered market share, but Ather’s quality reputation and word of mouth drove revenue growth since 2021. Tarun Mehta believes EV companies will profit from software upgrades rather than servicing.

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In Bangalore, engineer Tarun Mehta co-founded Ather Energy to revolutionize electric mobility. Overcoming skepticism, they launched the Ather 450 in 2018, India's first smart electric scooter. Facing challenges of manufacturing and scalability, Tarun

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Sanskar

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Unicorn Alert! Ather Energy, an Indian electric scooter manufacturer, is now the 4th Unicorn of 2024. After raising $71 million in a funding round led by National Investment and Infrastructure Fund (NIIF) pushing their valuation to $1.3 billion Fou

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Vaibhav Babruwan Shingde

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Let's Decode Ather Energy 🤯📈💲 Today I saw various Ather Energy Scooters like 450 Plus and 450X and decided to make on Ather Energy 📈🤯🚀. Introduction: • Ather Energy, established in 2013 in Bangalore, India, specializes in electric scooters.

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Jayant Mundhra

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Dexter Capital Advisors • 6m

What next for Ather? A Hero subsidiary status? 😅😅 With the latest development, that has never been more likely. Let's dive in! .. Whenever Ather Energy’s in need of more money, Hero pounces in. -> This was evident in the Sep rights issue where

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Ashu Singh

Stealth • 3m

Indian electric scooter manufacturer Ather Energy is aiming to raise approximately $530 million through its initial public offering (IPO), as outlined in its draft prospectus filed on Monday. The Bengaluru-based startup plans to capitalize on the inc

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0 replies1 like
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Laxit Rana

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Repute • 2m

🔍 Observation in the electric vehicle landscape When we look at the E2W (Electric Two-Wheeler) segment, it's clear that heavyweights like Ola and Ather dominate the scene. These brands have become household names, leading the charge with innovati

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Jayant Mundhra

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Dexter Capital Advisors • 2m

Attrition at Ola Electric is 2.5x of Ather, 5x of TVS and 12x of Hero 📛📛 The employee attrition woes at Bhavish’s company are simply too big to ignore, now that it is a public company. .. At 47.48%, for those who may not get it, this implies tha

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Inactive

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Funding Winter ? Indian startups raised a total of $395.63 million across 20 deals from August 12 to 17, marking a 250% increase from the previous week. Key highlights include: OYO secured $175 million in a down round, reducing its valuation to

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Harsh Dwivedi

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Top News of the Week: 1. Funding: - 25 Indian startups raised around $432 million in funding. These deals count 6 growth-stage deals and 16 early-stage deals while 3 early-stage startups kept their transaction details undisclosed. - On a weekly b

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Jayant Mundhra

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Dexter Capital Advisors • 6m

Ather declares war on Bajaj with its new manufacturing plant! 🙌🙌 Ather is said to have zeroed down on Maharashtra’s Aurangabad, which is already an automotive manufacturing hub. This 3rd plant’s location is a big event in itself, and merits a dis

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