ATHERENERG · NSE
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Ather Energy expects its new Konarc electric scooter to account for more than half of its sales within the next two years.
Ather Energy has introduced its new electric scooter, Konarc, in New Delhi with a starting introductory price of Rs 79,999.
Ravneet S Phokela, Chief Business Officer, Ather Energy, stated that the electric two-wheeler industry is established and can operate without subsidies like the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE).
Ather Energy plans an aggressive export strategy, expecting overseas markets to contribute meaningfully to revenues over the next five to seven years while prioritizing domestic demand.
Ather Energy will push for more exports by looking at countries in Asia and Latin America for meaningful contribution to its revenues over the next five to seven years.
Ola Electric share price gained as much as 7.5%, touching an intraday high of ₹ 40.51 per share on NSE, while Ather Energy share price rallied nearly over 4% to ₹ 1,648.60 on 10 September.
Ather's operating revenue jumped 89% YoY to ₹1,217 crore, while the Ebitda loss narrowed to ₹33 crore.(REUTERS) ... Amid intensifying competition from the likes of Bajaj Auto and TVS Motor, Ather Energy’s new launch Konarc becomes critical. ...
Ather Energy's operating revenue jumped 89% year-on-year to ₹1,217 crore, while its Ebitda loss narrowed to ₹33 crore in the June quarter.
Ather Energy launched the Konarc electric scooter with a starting price of ₹99,999 and a 100 km IDC range in its S line variant.
Ather Energy launched a mass-market electric scooter called Konarc starting from Rs99,999, positioning itself to address 80-90 percent of India's e-scooter market.
Ather Energy launched the Konarc electric scooter with prices starting at Rs 99,999 and battery range options of up to 200 km, positioning it in direct competition with established legacy players in the Indian two-wheeler market.
Ather Energy launched a mass-market electric scooter called Konarc starting from Rs99,999 and ranked third in India's electric two-wheeler market with a 14.85 percent market share in July.
Ather Energy launched its new electric scooter, the Konarc S, in the Indian market with a starting price of Rs 1 lakh and available range options of 100 km, 125 km, 161 km and 200 km.
Ather Energy invested over ₹400-500 crore to develop its scooter platform EL and first mass-market e-scooter Monarc.
Ather Energy launched Konarc, a metal-body electric scooter with a starting price of ₹1 lakh and 200 kilometres of range, aimed at attracting petrol-scooter buyers in the Indian mass market.
Ather Energy launched the Konarc electric scooter starting from Rs 99,999 and plans to roll out the first set from its upcoming manufacturing plant in Maharashtra by November 2026.
Hero MotoCorp approved the purchase of additional equity shares in Ather Energy valued at up to ₹1,758 crore, which will increase its shareholding to around 32.8 per cent from 29.88 per cent on a fully diluted basis.
Hero MotoCorp committed an investment of ₹959.99 crore to Ather Energy via 76.19 lakh convertible warrants priced at ₹1,260 each, with 25 percent paid upfront and 75 percent deferred until conversion.
Ather Energy allotted 16.3 lakh equity shares and 79.4 lakh convertible warrants in a ₹1,200 crore preferential fundraise, with Hero MotoCorp investing nearly ₹1,000 crore through convertible warrants and the India-Japan Fund subscribing to shares worth about ₹200 crore.
Bengaluru-based Ather’s early bet on monetizing software features paid off in the June quarter. ... Electric two-wheeler makers are turning to digital features for new revenue, with Ather Energy Ltd doubling non-vehicle revenue through technology packs that offer advanced navigation, intelligence,…
Ather Energy doubled non-vehicle revenue through technology packs in the June quarter, with revenue from non-vehicle sources driven by sales of its tech pack accounting for 14% of total revenue.
Indian automakers represented by SIAM, including Hero MotoCorp, Bajaj Auto, Ather Energy, and TVS Motor, are lobbying against the Centre's plan to introduce standardized energy-efficiency star-based ratings for electric two-wheelers.
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