Ather E2W Sales: Started in 2013, Ather Energy, the fourth largest electric two-wheeler maker, has sold 2.3 lakh units cumulatively. The company sold more e-scooters in Tier 2 and 3 cities than in the metros and Tier 1 cities put together.
Tarun Mehta, CEO of Ather Energy, told ET that the company would continue to look for external capital, but that the funds would be used to launch new products and grow the business instead of “handling business cash losses”.
The scooters, priced starting at Rs 1.09 lakh, will be available in two models called the Rizta S and the Rizta Z. The vehicles will have a battery capacity of 2.9 kWH (kilowatt hours), with the most expensive variant of the Rizta Z coming with a 3.7 kWH battery.
The future is electric in India which has seen a meteoric rise in EV adoption and homegrown companies should now aim to make electric two-wheelers for the global market, the G20 sherpa and former NITI Aayog CEO, Amitabh Kant, said on .