Page 2 - Ather Energy
e-Scooter maker Ather says high costs pushing back profit timeline
Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path to profit despite high demand for its vehicles
 "e-Scooter maker Ather says high costs pushing back profit timeline")
Electric vehicles brace for trial by fire as firms remain optimistic
Between January-June, the eight players registered collectively a total of 212,000 electric scooters
 "Electric vehicles brace for trial by fire as firms remain optimistic")
Will cross $1-bn revenue run rate by year-end, predicts Ola Electric
The SoftBank-backed electric vehicle firm said it has surpassed Rs 500 crore revenue in its first two months of FY 22-23, and is on track to surpass the $1 billion revenue run rate by end of this year
 "Will cross $1-bn revenue run rate by year-end, predicts Ola Electric")
Rare structural breach in scooter battery packs caused fire: Ather Energy
The EV maker said the scooter in question had been brought to the Nungambakkam facility for service after an accident
 "Rare structural breach in scooter battery packs caused fire: Ather Energy")
Fire breaks out at EV maker Ather Energy's Chennai facility; cause unknown
A fire broke out at electric scooter manufacturer Ather Energy's experience centre in Chennai
 "Fire breaks out at EV maker Ather Energy's Chennai facility; cause unknown")
Ather Energy to set up 8 more retail stores in Kerala to expand presence
The company said it has also been talking to prospective retail partners in these markets and has already begun locating spaces to set up its fast EV charging network -- Ather Grid
India can't be scoffed at by global chipmakers: Ather Energy's Tarun Mehta
'We are clocking a revenue of over Rs 100 crore a month. We hope to double that number in 2022-23', said Mehta
 "India can't be scoffed at by global chipmakers: Ather Energy's Tarun Mehta")
Ather Energy raises $128 mn led by NIIF's SOF, Hero MotoCorp & others
While the move does not put Ather Energy in the unicorn club, it definitely brings it within striking distance
 "Ather Energy raises $128 mn led by NIIF's SOF, Hero MotoCorp & others")
E2Ws on a brake: Serial fires, chip shortage may slow the pace of growth
April saw the first month-on-month drop in registrations, after a 58 per cent jump in March
 "E2Ws on a brake: Serial fires, chip shortage may slow the pace of growth")
The burning question: Why are electric two-wheelers in India catching fire?
Neither the industry nor the government has focused on standards and safety norms
 "The burning question: Why are electric two-wheelers in India catching fire?")
Small Indian towns overtaking big cities on EV ride, shows report
Top three e2W consuming states saw towns with sub-million population accounting for majority of sales--56% in Maharashtra, 75% in Karnataka and 78% in Tamil Nadu
 "Small Indian towns overtaking big cities on EV ride, shows report")
Fire sparks trust deficit among e-scooter owners, potential buyers
While financiers are citing a massive dip in bookings and enquiries, dealers cite at least a 10% dip in customers
 "Fire sparks trust deficit among e-scooter owners, potential buyers")
BPCL to invest Rs 200 cr to set up 100 fast EV charging corridors
The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway with one charging unit
 "BPCL to invest Rs 200 cr to set up 100 fast EV charging corridors")
Electric scooter sales are likely to reach an inflexion point this year
Analysts predict sales of 0.7-0.8 million, which may account for around 13% of the scooter market
 "Electric scooter sales are likely to reach an inflexion point this year")
Ather Energy ties up with Foxconn group arm for supply of key components
Electric two-wheeler maker Ather Energy on Wednesday said it has joined hands with Bharat FIH, a Foxconn Technology Group company, to develop and manufacture key components for the former's scooters.
Ather Energy to be 'principal partner' of IPL franchise Gujarat Titans
The partnership starting from this season of 2022 will see the Ather Energy brand on the front of the Gujarat Titans' official team jerseys
Ather Energy signs MoU to set up 1K EV charging stations in Karnataka
A MoU was signed between Ather Energy and Electric Supply Companies (ESCOMs) of Karnataka in the presence of Basavaraj Bommai for setting up 1,000 fast charging stations across the state.
 "Ather Energy signs MoU to set up 1K EV charging stations in Karnataka")
 "India's Ather targets 1 million electric scooters a year as demand soars")
Subsidies, tax rebates critical for faster adoption of EVs: Ather Energy
Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Monday said subsidies and tax rebates under the FAME II policy are extremely important to push for faster adoption of electric vehicles.
Hero invests Rs 420 cr in Ather Energy, to unveil its first EV in March
Prior to the proposed investment, Hero MotoCorp's shareholding in Ather Energy was 34.8 per cent
