Hotline: 1800 102 2007
Search Business Opportunities
Jul, 10 2019

E-scooter start-up Ather Energy to take its scooters to global markets

The smart electric scooter start-up is also planning to expand to about 50 cities across India in the five years.

Ather Energy is eyeing to launch its scooters in global markets, including Latin America, Southeast Asia and Europe in the five years. The smart electric scooter start-up is also planning to expand to about 50 cities across India in the same period.

The Bengaluru-based company is backed by marquee investors like Flipkart’s Co-Founder Sachin Bansal, Tiger Global and Hero Motocorp. It is also looking at other business models, including rental and ride-sharing, leveraging the connectivity features in its scooters.

Tarun Mehta, Co-Founder and Chief Executive, Ather, said, “I am extremely happy with the (Budget) announcement. I don’t think I was going to ask for more. A product like this has to go global. I think as companies like ours emerge, there is more of an opportunity to go international rapidly.”

“Now the government needs to stimulate local production and supply chain. This includes incentives that help not just the original equipment manufacturers but also the supplier ecosystem. We can’t afford to get a lot of demands and have no local producers of these vehicles,” he added.

Related opportunities
  • Beauty Salons
    Studio99 – Unisex Salons & Spa A journey from Coffee Shop..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Designer jewellery
    About Us: PC Jeweller is India's leading jewellery platform where every product..
    Locations looking for expansion New Delhi
    Establishment year 2005
    Franchising Launch Date 2016
    Investment size Rs. 5 Cr. above
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Computer Hardware & IT
    About Us: Relops Services Pvt. Ltd. - Start a business in..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Faridabad Haryana
  • Multi Cuisine Restaurant
    About Us: Multi cuisine restaurant which serves Italian , Mexian ,..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities