# Ather Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ather-energy

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Bangalore, India
- Website: www.atherenergy.com/
- Total disclosed funding: $214M
- Latest round: Series E (Oct 18, 2022)
- Investors on record: 6

## About

Based in Bengaluru, India, and founded in 2013 by co-founders Tarun Mehta (CEO) and Swapnil Jain, Ather Energy Limited operates as a provider of electric two-wheeler vehicles, accessories, and merchandise. In August 2024, Ather Energy Private Limited raised USD 71 million in venture funding from new investor National Investment and Infrastructure Fund. The company provides a wide range of electric scooters, such as the Ather 450 Series, including models like the 450X and 450 Apex. Additionally, the firm also provides services such as smart helmets and accessories such as throttle grip covers, seat covers, floor mats, and frunk. The company generates revenue primarily from the sale of its electric scooters, smart helmets, and charging solutions through its e-commerce platform. Prices for its products, such as the Ather 450 Series electric scooters, range from INR 1,15,599 for the 450S model to INR 1,94,999 for the 450 Apex model.

## Funding rounds

- Series E, Oct 18, 2022, $49M — Herald Investment Management, Caladium Investment PTE LTD.
- Series E, May 18, 2022, $122M — Hero MotoCorp Ltd, InnoVen Capital, National Investment and Infrastructure Fund, Caladium Investment PTE LTD.
- Series C, May 27, 2019, $32M — Tiger Global Management
- Series A, Mar 30, 2015, $12M — Tiger Global Management

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series C
- Hero MotoCorp Ltd — Series E
- InnoVen Capital — Series E
- National Investment and Infrastructure Fund (https://capitalatlas.ai/funds/national-investment-and-infrastructure-fund) — Series E
- Caladium Investment PTE LTD. — Series E
- Herald Investment Management (https://capitalatlas.ai/funds/herald-investment-management) — Series E