March 10, 2017
Mitra Biotech
March 10, 2017

Ather Energy

The three-year-old startup has developed a smart scooter that will get to know its users better, the more they ride it. Each user will have their own profile so the scooter, named S340, can analyze their riding habits and tell how they can improve. That’s in addition to helping with navigation. The S340 was nothing more than an idea when the founders, IIT-Madras graduates Tarun Mehta and Swapnil Jain, reached out to their alma mater for support. The engineering school was home to their initial experiments.

Ather Energy got a tremendous boost when Flipkart founders Sachin Bansal and Binny Bansal decided to back it. Later, Tiger Global, too, invested in the company. The S340 is fitted with a lithium-ion battery that gives a mileage of 60 km on a single charge. The scooter’s top speed is 72 kmph. A single charge takes about an hour. Ather Energy is setting up a production unit in Bengaluru and plans to begin manufacturing by the end of this year. Ather will build an online-only sales model with doorstep delivery and service.

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