Ather Energy
The Bengaluru-based startup was founded in 2013 by Tarun Mehta and Swapnil Jain. The IIT Madras graduates launched two electric scooters – the 340 and 450 – along with the AtherGrid, an electric vehicle charging infrastructure.
The startup has raised funds from notable companies like Hero MotoCorp, Flipkart Co-founder Sachin Bansal, two-wheeler manufacturer, Singapore-based InnoVen Capital, and American hedge fund and venture capital investor Tiger Global.
Although Ather Energy’s bikes are at a higher price point, with a starting range of ₹1,13,000, they have managed to gain popularity in Bengaluru.