Motilal Oswal
    NIFTY 50
Motilal Oswal

Young Turks: Here's a startup that's building a 'Made in India’ EV since 2013

Updated : June 17, 2019 06:05 PM IST

In this episode of Young Turks, we find out the story behind Bengaluru-based Ather Energy, which was started by IIT Madras alumni Tarun Mehta and Swapnil Jain in 2013.

Ather Energy found early backers in Sachin Bansal and Binny Bansal of Flipkart who wrote a $1 million cheque in 2014. Since then, Ather Energy has gone onto raise over $90 million from Tiger global and Hero MotoCorp. The company believes that by 2019 end, they would have sold 25,000 bikes and they are targeting 1 million units by 2025.
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