The companies that joined in May 2022 hailed from seven countries. Tesla is said to be in talks to get approvals for retail outlets in multiple cities after four of the companys cars were reported to have cleared the homologation phase and ahead of a launch in India. Ather Energy operates as a manufacturer of electric scooters.

The U.S. led with four, followed by Canada with three, and India with two companies.

In 2006, he joined Amazon.com Indi Flipkart's Bansal leads $51m round for India EV player, Indias Ather Energy raises $51 million to grow its electric scooters business, Hero MotoCorp to invest $19m in electric scooter startup Ather Energy The cofounder declined to comment when Inc42 reached out for more details on the investments or about the products that Exponent is developing. Athers valuation stood at $591 million as of Jan 27, 2022, as per Tracxn, a platform that tracks startups and venture capitalists. Cofounder Vinayak tweeted that the company is working on what it calls a Flexible Energy Stack, which it claims enables seamless flow of energy & information between the grid & vehicle. Topic: Topics are a specific type of product or service that a companys employees are searching for, indicating potential intent to take action. No. The higher the score, the higher the interest. The news came about five months after Ather revealed plans to expand its Hosur plant in a bid to more-than-triple its production to four lakh units and make lithium-ion battery packs in addition to EVs. 59/16, 4th Floor, Jujhar Tower RD Marg, Kalkaji, New Delhi, Delhi 110019, India Has Banned 94 YouTube Channels Since 2021: Anurag Thakur To Parliament, Congress MP Karti Chidambaram Seeks SFIO Probe In BYJUS Finances, Emami Acquires 30% Stake in Pet Care Startup Cannis Lupus. Hero MotoCorp board gives the green light to Rs 420-crore investment in Ather Energy, Hero MotoCorp rallies 5% on Rs 420 crore investment in Ather Energy, Hero MotoCorp to invest Rs 420 crore in Ather Energy, Hero MotoCorp to invest more in Ather Energy, raise its stake in EV maker, India's Hero Motocorp to invest over $56 million in EV start-up Ather Energy, Hero invests Rs 420 cr in Ather Energy, to unveil its first EV in March, Hero MotoCorp invests Rs 420 crore in Ather Energy, Hero MotoCorp To Raise Stake In Ather Energy With Rs 420-Crore Investment. Please verify to complete the subscription. With the latest round, the company has raised a total of about $285 million, as per data from Crunchbase a US-based firm that provides insights on private firms. Ather Energy is a manufacturer of electric scooters and an electric vehicle charging network called AtherGrid. Check out these startup openings, Ather Energy inaugurates new experience centre in Chennai, Shortage of top talent may be e-cars' next big problem, How startups can help India make the switch to clean energy in the next 10 years, Ather 450 EV scooter pre-orders begin in Chennai, Startups in EV ecosystem cheered by govts push for e-mobility in budget, India Inc wants Nitis EV juggernaut to move out of the fast lane, New-age entrepreneurs back govts EV plan; old peers oppose it, This World Environment Day, heres a closer look at startups fuelling a sustainable future for India, Sachin Bansal invests $32 mn in Ather Energy; firm plans 1 million unit factory, Indias Ather Energy raises $51 million to grow its electric scooters business, There will be hardly any electric vehicles on Indian roads even by 2023, Ather Energy gets FAME II nod for electric scooter Ather 450, FAME II Recertification Dampens Ebikes Sales In April, With Slow Growth Predicted, A look at India's key EV problems; Amazon's plans to boost Make In India, I love my electric vehicle, but where do I charge it?

Date: Date when the news article was posted, Number of news articles that reference the Organization, Ather Energy hires senior executives to oversee manufacturing, procurement, Inflation dents Ather Energy's profitability timeline, EV startup Ather Energy registers a 411.9 pc revenue growth for FY22, Ather Energy sees five times jump in revenues for FY22, Meet The 13 Companies That Joined The Emerging Unicorn Board In May 2022, E-scooter maker Ather Energy tests IPO waters, Ather Energy opens retail outlet in Mangaluru, Ather Energy partners with SBI to provide financing options to electric scooter buyers, Fire at Ather Energy complex in Chennai, cause being investigated. Note: Please reach out to our Senior Data Editor Gen Teare at gene@crunchbase.com if you have any questions or feedback on The Crunchbase Emerging Unicorn Board, or if you spot any data thats missing or inaccurate. Vinayak, who was the chief product officer at Ather, tweeted about the company raising funds from YourNest, 3one4 Capital, mobility-focussed investor AdvantEdge, logistics tech unicorn BlackBuck cofounder and CEO Rajesh Yabaji, LetsTransport CEO Pushkar Singh among others. The board now has 330 companies collectively valued at more than $200 billion. It focuses on building a complete ecosystem for Indias electric vehicles which are powered by indigenous design and all locally manufactured.

The list is updated whenever a new company reaches that valuation range or there is a change in valuation for a company already on the leaderboard. Date that the Funding Round was publicly announced, Type of Funding Round (e.g.

Ather Energy in expansion mode: Cofounders Tarun Mehta, Swapnil Jain on 450X's early success and plans ahead, Ather Energy eyes EBITDA profitability in next one year as production at new plant ramps up, Ather Energy looks to install 100 charging stations by 2021, Indias Ather Energy raises $51 million to grow its electric scooters business, WATCH: Yulu will continue to focus on growth in Bengaluru, says Co-founder Amit Gupta, WATCH: Ather Energy will expand to four cities by the year end, Co-founder Tarun Mehta tells YourStory, Ather Energy to start production early next year, #Fundingwire Impact Analytics Raises $750K Led By Aarin Capital & More Funding Deals, Hero MotoCorp to invest up to Rs 205 cr in Ather Energy. Active, Closed, Last funding round type (e.g. Site's Rank in Country: Traffic rank of site, as compared to all other sites in a given country. Edit Company Tech Stack by G2 Stack Section, Edit Website Tech Stack by BuiltWith Section, Edit Patents and Trademarks by IPqwery Section. Ather Energy raises $128 mn from Hero MotoCorp, NIIFL. After a banner year for tech, layoffs are here. Date that the Funding Round was publicly announced, Type of Funding Round (e.g. It provides an app to monitor charging status, and home chargers with app connectivity. Companies that exit will also be removed from the Emerging Unicorn Board. Here they are organized by amount raised by sector. Electric two-wheeler manufacturers struggle to find local suppliers even as deadline expires, Ather Energy highlight of VC deals in busy funding week, Ather Energy raises $35 million in funding round led by Sachin Bansal, Bengalurus Ather Energy scoops INR 84 Cr from Hero MotoCorp, Entrepreneurs must be prepared for longer funding cycles: Ashish Sharma, InnoVen Capital, 'Technology will play a growing role in making transport safe': Ather Energy exec, Powering The Transition: Indias Electric Two-Wheeler Market Is Coming Of Age, Ather 450X becomes a nationwide hit; scooter company to foray into Ahmedabad, Kochi, Coimbatore & Kolkata. Mr. Mehta is a graduate of the Department of Engineering Design, IIT Madras (batch of 2012). The investors ownership stakes range from 5% to 22% with an average of 14% across these companies.

News & Analysis on Indias Tech & Startup Economy, Exponent Energy is founded by Arun Vinayak, former chief product officer at Ather and Sanjay Byalal Jagannath, who was the hardware strategic sourcing & cell strategy lead, Exponent has raised funds from YourNest, 3one4 Capital, AdvantEdge, BlackBuck cofounder Rajesh Yabaji, LetsTransport CEO Pushkar Singh, The startup is working on what it calls a Flexible Energy Stack, which it claims enables seamless flow of energy and information between the grid and the vehicle. Supercharging EVs: With a revved up sectoral plan, will consumers embrace the electric vehicle? Total number of products currently in use by this company, as detected by G2 Stack. The crypto market has seen pretty much everything this yeardeclining currency values, a drop in funding, the collapse of some coins and bankruptcies Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution. Crunchbase is the leading destination for millions of users to discover industry trends, investments, and news about global companiesfrom startups to the Fortune 1000. Europe, Menlo Park, China), Where the person is located (e.g. Former Ather executives Arun Vinayak and Sanjay Byalal Jagannath have launched electric vehicle startup Exponent Energy, which claims to be solving energy and charging problems for consumers, electric vehicle operators or manufacturers and the grid or charging infrastructure operator. JavaScript is disabled in your browser. In Europe, emerging unicorns joined the board from Germany, Sweden, Netherlands and the U.K. The company did not confirm its current valuation.

View contacts for Ather Energy to access new leads and connect with decision-makers. Country: Represents the top 5 countries by total traffic to the site. Total (non-unique) visits to site for the last month; includes desktop and mobile web.

This and other problems facing EV users in India. Will mobility startups keep fueling EV growth despite Indias fluctuating stance? Check details, Two-wheeler EV startup Ather Energy to go for IPO in 24 months, Top headlines: Ather Energy plans IPO, ED and CBI chiefs' jobs extended, Ather Energy logs 12-fold increase October sales, Ather Energy opens two new experience centres in this Indian city, Ex-Ather Energy execs launch startup that claims to charge EV batteries in under 15 minutes, Exclusive: Ather Energy raises Rs 130 Cr from Hero Group, Hero MotoCorp to adopt Ather Energys fast-charging tech for its upcoming electric two-wheelers, Ather Energy warns of fake website in a public notice, Why 'kitna deti hai' doesn't hassle Tarun Mehta and Ather Energy, Why Ather Energy thinks sharing its fast-charging tech will boost electric two-wheeler sales in India, Ather Energy offers its charging connector technology to other OEM players. Electric scooter startup Ather Energy expands operation to 4 more cities, 7 startups propelling Indias drive to a greener future with electric vehicles, Ather Energy to raise series D funding post July, Plugged In: The State Of Indias Electric Vehicle Charging Infrastructure, Piaggio Plans To Enter Indian E-Scooter Market Soon, Skills that the electric vehicle business in India needs, Ather Energy to launch an electric motorcycle in 5 years, 450 model to be phased out with 450X, Ather Expands Electric Scooter Lineup With High-Performance Ather 450X, Auto Expo 2020: 18 Startups To Showcase Their EV Solutions, Watch: Ather Energys Swapnil Jain on how data drives the electric scooter experience, Former Apple India finance head Deepak Jain joins Ather Energy as CFO, Hero races ahead in two-wheeler R&D spends, Ather Energy confirms new electric scooter manufacturing facility in Tamil Nadu, Ather Energy to launch new affordable electric scooter in 12 to 18 months, Clean energy CXOs make hay while sun shines. All things hardware, software, electronic, mechanical and more are under his purview and still makes time for photography.

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Edit Lists Featuring This Company Section, Inflation dents Ather Energy's profitability timeline, Ather Energy hires senior executives to oversee manufacturing, procurement, Transportation Companies With More Than 500 Employees, Asia-Pacific (APAC) Late Stage Companies With More Than 100 Employees, Asia Late Stage Companies With More Than 10 Employees, Electric Vehicle Companies With More Than 10 Employees. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Total number of technologies currently in use by this company, as detected by BuiltWith. Developer of electric scooters. Were working to make the Emerging Unicorn Board a comprehensive resource for you to gain deeper insights into the companies that are likely to be the next unicorn companies. 2022 The Printers (Mysore) Private Ltd. RBI set to hike repo by another 1% in FY23: Report, Retail inflation surges close to 8% in April, K'taka to implement anti-conversion bill via ordinance, Gyanvapi Mosque video survey to continue, says court, Scoot CEO Campbell Wilson appointed new Air India head, Hospitalised Covid patients yet have at least 1 symptom, Spat with UGC puts Gujarat Vidyapith's status at stake, BJP, TMC square off over CAA implementation, Panel suggests steps to preserve 400-yr-old banyan tree, Experts blame pollution for fish deaths in 5 city lakes, K'taka has 2nd-highest marriages among blood relatives, Was asked to pay Rs 2,500 crore to become CM: Yatnal, Covid-19: Bengaluru has 8 containment zones, 'Caste vendetta': IPS officer P Ravindranath resigns, Tomato Flu: 5 K'taka-Kerala border districts on alert. Topic Category: Topic categories are a class of topics, provided by Bombora. Our company was incorporated on 11th August, 2012, as Tracxn Technologies Private Limited. Includes both desktop and mobile web. Stay up to date with recent funding rounds, acquisitions, and more with the A strong believer in the superiority of the electric drive, he started working on EV battery packs to solve one of the. No single sector dominated for companies that joined the emerging unicorn list in May with fintech and transport leading by amounts raised. 2022 Crunchbase Inc. All Rights Reserved. Ather Energy has raised $128 million from the National Investment and Infrastructure Fund Limiteds Strategic Opportunities Fund, Hero MotoCorp and additional investors, in its latest round of funding. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Number of news articles that reference the Person. Seed, Series A, Private Equity, Debt Financing), Total number of Investors in a Funding Round, Total number of Partner Investors in a Funding Round, Investor Name: Name of the investor who participated in the Investment, Partners: Name of the individual who led a funding round for his/her firm. Of course, the major development this year has been the entry of Tesla, which is said to be drawing near. Ola Electric claims to have received pre-bookings worth INR 1,100 Cr for its new scooters, which will be delivered beginning in October.

San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Exponent cofounder Jagannath was earlier the hardware strategic sourcing & cell strategy lead at Ather.

Weeks Surging: Number of consecutive weeks a topic has been surging for a company (Surge Score greater than 64). The curated Emerging Unicorn Board includes private companies with known valuations of $500 million or more but less than $1 billion, based on Crunchbase data. Based on the information available, it is unclear whether Exponent Energy will be a EV charging network with rapid charging support, or a energy management platform for consumers, EV makers and charging providers, which is the claim in the official launch video. HeroMotoCorp Ltd is the world's largest manufacturer of two - wheelers, based in India. Inflation dents Ather Energy's profitability timeline, Ather Energy hires senior executives to oversee manufacturing, procurement, EV startup Ather Energy registers a 411.9 pc revenue growth for FY22, Ather Energy sees five times jump in revenues for FY22, Meet The 13 Companies That Joined The Emerging Unicorn Board In May 2022, E-scooter maker Ather Energy tests IPO waters, Ather Energy opens retail outlet in Mangaluru, Ather Energy partners with SBI to provide financing options to electric scooter buyers, Fire at Ather Energy complex in Chennai, cause being investigated, Fire breaks out at Ather Energy's premises in Chennai: Report, Ather Energy to set up 8 more retail stores in Kerala to expand presence, Magenta ChargeGrid partners with Ather Energy to install EV charging stations, ETtech Deals Digest: Swiggy acquires Dineout, Ather Energy, GoKwik, others raise funds this week, Indian electric scooter maker Ather Energy raises $128 million, Ather Energy raises $128 million from NIIF, Hero MotoCorp, Higher safety standard must for electric two-wheelers: Ather Energy, Ather Energy sold 2,591 electric scooters in March, Ather Energy ties up with Foxconn group arm for supply of key components, The Hero MotoCorp Backed EV Manufacturer, Ather Energy Leverages Workelevate by Progressive for Workplace Management, Ather Energy sells over 2000 electric scooters in February, Ather Energy is the main sponsor for a brand new IPL team, Ather Energy reveals monthly sales of Ather 450X, Ather 450 Plus for first time, Ather Energy to set up 1000 charging stations, to give free service to EV users, Subsidies, tax rebates critical for faster adoption of EVs: Ather Energy, Hero MotoCorp jumps 5% after board approves additional investment in Ather Energy, Ather Energy inducts ex-Ola execs Gurinder Singh Sukhija, Murali Sashidharan into management team, EV firm Ather Energy inducts former Ola executives into management team, Ather Energy expands Guj retail biz; starts 1st experience centre in Surat, Ather Energy to set up its second plant at Hosur, Tamil Nadu, Ather Energy to set up its second plant within a year of opening its first, Ather Energy starts its second manufacturing facility, plans 4 lakh units annually, Ather Energy starts its second retail outlet in Hyderabad. [Tech30] These young entrepreneurs aim to redefine fleet operations in India with their EV startup, Ather Energy begins Delivery of Flagship Scooter Ather 450, Dialing Up Nostalgia, Bajaj Auto Launches Chetak Electric In India, Under 30 Alumni: Ather Energy Powers India With Electric Scooters, Ather Energy to discontinue its entry-level offering due to low demand, Top 5 Electric Vehicle startups to watch out for, Chennai is quickly turning into the new hotbed for deep-tech startup, Electric Vehicles This Week: GST On EVs Slashed To 5%, Bajaj MD On Indias EV Policy And More, Why Sachin Bansal prefers to play it safe with debt funding, Getting into nuts and bolts of building electric vehicles to be next challenge, Traditional manufacturers, startups cheer reduction in GST on electric vehicles, [Jobs Roundup] Want to help drive product strategy and accelerate growth? Supercharging EVs: With a revved up sectoral plan, will consumers embrace the electric vehicle? Ltd. in 2013 and serves as its Chief Executive Officer. Freelance Writers: How To Pitch Crunchbase News, Tech Layoffs In 2022: The U.S. Companies That Have Cut Jobs, With $655M To Invest, Portage Ventures Still Convinced Fintech Is The Place To Be, Faux Steak On Menu For Meati Foods With $150M Raise, Mergers & Money: A Drop In Venture And Sagging Crypto Values Could Spur Dealmaking, Crypto Platform FalconX Soars To $8B Valuation After $150M Raise, Meet The 13 Companies That Joined The Emerging Unicorn Board In May 2022, Heres One Un-Bearish Indicator: Series B Is Holding Up, 5 Things To Know About Sunny Balwani, The Former Theranos Executive On Trial, Colorado-based wealth management platform. This includes personalising content and advertising. Share of Monthly Visits: Percent of total site visits that come from a given country. Surge Score: Surge score measures the intensity to which a company demonstrates interest on a particular topic. The IIT Madras and University Of Chicago Booth School Of Business alumnus had previously worked at FMCG giant Unilever. All other data points as on May 31, 2021. Monthly Rank Growth: Percentage change in traffic rank of site in a given country from previous month. The current round of investment will help us enhance capacities across the board, bring additional focus on new platforms, expand into new geographies, (and) expand our fast-charging network, said Ather Energy Chief Executive Officer Tarun Mehta. The electric two-wheeler maker said it will use the money to expand its factories and invest in research and development, charging infrastructure and its retail network. Its features include BLDC motors, fast charging, Li-ion batteries, water and dust resistance, multiple riding modes, mono-shock suspensions, front and rear disc brakes, reverse mode, interactive dashboard, on-board navigation, as well as a low COG. Monthly Visits Growth: Percent change in total visits to site for a given country from previous month. Besides Ola and Ather, EV makers such as Simple, Revolt, Hero, TVS among others are looking to make inroads. Exponent Energys launch comes amid a massive uptick in interest for EV two-wheelers in India, with the launch of Olas S1 lineup as well as with Athers expansion into more cities in recent months. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person. Includes both desktop and mobile web. Seed, Series A, Private Equity), Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, Whether an Organization is for profit or non-profit, General contact email for the organization. The Battle Between Commercial And Private EVs In India: Who Will Drive The Market? National Institute of Technology, Warangal Alumni Founded Companies, Transportation Companies With More Than 500 Employees, Texas A&M University Alumni Founded Companies, Asia-Pacific (APAC) Late Stage Companies With More Than 100 Employees, Asia Late Stage Companies With More Than 10 Employees, Electric Vehicle Companies With More Than 10 Employees, Zhejiang University Alumni Founded Companies, Aalto University Alumni Founded Companies, Brigham Young University (BYU) Alumni Founded Companies, Haas School of Business, University of California, Berkeley Alumni Founded Companies, Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g.

Last Funding Round$128M, Series E, Jan 14, 2022, Employee Count776 as on Mar 31, 2022 (View Historical Trend), Similar Cos.Ather Energy, Gogoro, Ola Electric, Hero Electric, PURE & 346 others, Unlimited Unicorn, Geo Monthly and Top Business Model reports, Curated newsletters sent to your email inbox daily, The Portfolio Tracker tool - get updates on portfolio activity in your inbox, Request next round investors for a company - find the most optimal investors, A browser extension for Chrome & Firefox - see company details on the go, Ather Energy, Gogoro, Ola Electric, Hero Electric, PURE. Male Dominance, Nudity Content Behind Slowing Growth Of Facebook Users In India: Delhivery Shares Continue Winning Run, Market Cap Crosses INR 50K Cr Mark. Launched and incorporated in October 2020, Exponent Energy is registered in Bengaluru and according to Ministry of Corporate Affairs records, it says it is involved in the manufacture of parts and accessories for motor vehicles and their engines, which includes brakes, gear boxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, steering wheels, steering columns and steering boxes and other parts and accessories. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Deccan Herald News now on Telegram - Click here to subscribe, Follow us on Facebook | Twitter | Dailymotion | YouTube, UK man sells single potato chip for Rs1.63 lakh, In a first, scientists grow seeds in moon soil, Kasturba Gandhis diary from 1933 to be out as a book, First image of black hole at Milky Way's centre is here, 'Chai' and mighty: 5 accessories for tea connoisseur, Couple drags son to court seeking grandchild or Rs 5 cr. It further says that it is looking to launch multiple products, starting with rapid charging for EVs, including two/three/four-wheelers and commercial vehicles. A verification email has been sent to your inbox. Mr. Mehta was actively involved with the entrepreneurship eco-system in IIT Madras (C-TIDES) and always wanted to start-up. Europe, Menlo Park, China), Where the person is located (e.g. His role at Ather would have been critical to establishing the companys Ather Grid charging network, which would have involved extensive planning with government authorities and charging infrastructure providers. National Institute of Technology, Warangal Alumni Founded Companies, Transportation Companies With More Than 500 Employees, Texas A&M University Alumni Founded Companies, Asia-Pacific (APAC) Late Stage Companies With More Than 100 Employees, Asia Late Stage Companies With More Than 10 Employees, Electric Vehicle Companies With More Than 10 Employees, Zhejiang University Alumni Founded Companies, Aalto University Alumni Founded Companies, Brigham Young University (BYU) Alumni Founded Companies, Haas School of Business, University of California, Berkeley Alumni Founded Companies, Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g. Collectively, the 13 new emerging unicorns raised close to $1.3 billion last month, at a post money value of $9.2 billion.

Percent change in total visits to site from previous month. enable it to enjoy the full features of Tracxn. On 28th July, 2021, our company's name was changed to Tracxn Technologies Limited. We use cookies to understand how you use our site and to improve user experience. The startup did not elaborate on this when contacted. of customers as on Mar 31, 2021. Auxano Capital Launches $25 Mn Category 1 Fund; Eyes Investments In Sustainable approvals for retail outlets in multiple cities. Crunchbase Daily. Weekly Surge Change: Week-over-week percentage change in Surge Score. Ather Energy in expansion mode: Cofounders Tarun Mehta, Swapnil Jain on 450X's early success and plans ahead, Conversation startup ORAI, financial planning tool GoalTeller raise funding, Why San Francisco-based voice AI platform Observe.ai found a target market first and then built a product, Watch: Ather Energys Swapnil Jain on how data drives the electric scooter experience, WATCH: Ather Energy will expand to four cities by the year end, Co-founder Tarun Mehta tells YourStory, These electric bike startups are spearheading India's switch to clean energy, Observe.AI raises $8M to use artificial intelligence to improve call centers, Startups shift track: From on the job training to trained candidates, Flipkart founders-backed Ather Energy bags $12M funding from Tiger Global, Flipkart founders have now backed a Chennai based electric bike startup Ather.