MoU for 400,000 sq. ft. facility signed with TN Chief Minister, Mr. Edappadi K. Palaniswami.
Chennai, December 1st, 2019: Ather Energy has signed an MoU for a 400,000 sq ft electric vehicle manufacturing facility with the Government of Tamil Nadu at the Investment and Skill Development Conclave in Chennai. Ather Energy has already announced its plans to expand to 30 cities in the next few years and this MoU will help scale up production plans for the same. The built-up factory will be located in Hosur, Tamil Nadu and is supported by the government of Tamil Nadu under its EV Policy.
This MoU comes on the heels of a big push for electric two-wheelers by State & Central Governments with an updated FAME policy, GST reduction, and benefits for taxpayers on loans for electric two-wheeler purchase.
The facility will not only cater to the EV manufacturing demand but also for Ather’s lithium-ion battery manufacturing which is a key area of focus for the company going ahead. The investment is an opportunity for value creation in the sector and will create job opportunities for the region. More than 4000 employees will be trained in requisite skills in the EV sector as a part of this initiative over the next 5 years.
Ather Energy opened pre-orders in July 2019 for Chennai and pre-orders till December are full. The third batch of Ather 450s is now available with deliveries expected in February – March ’20. The company has been offering test rides at their experience center, Ather Space in Wallace Garden Street, Chennai.
Ather has also been investing in setting up fast-charging infrastructure in Bengaluru & Chennai. Currently, Chennai has ten fast charging points and more will be added in the coming months. Post the success in the two cities, Ather is gearing up to launch in Hyderabad, Pune, Delhi, and Mumbai in the coming year.
Quote by Tarun Mehta, Chief Executive Officer, Ather Energy:
Ather is rapidly scaling up and we need to expand our production capacity to meet the growing demand. The new unit will help us meet the demand for the next few years across the country. Tamil Nadu has been a hub for automobile manufacturing, and they have been working closely with us in their effort to build an EV ecosystem. A manufacturing facility at Hosur was an ideal choice considering that it is close to our R&D facilities in Bengaluru and most of the existing and potential future supply base is operating in the region. The availability of a built-up option of our desired scale and proximity helped in the decision making.
About Ather 450: The Ather 450 is designed for city riding conditions, with a top speed of 80 km/hr, a range of 75 km and one of the quickest accelerations of 3.9 seconds from 0-40 km/hr in the scooter category. Also, for the first time in the category, Ather 450 comes with parking assist, which allows riders to reverse into tight parking spots. The key differentiator of the Ather 450 is its intelligent features, seamless charging and ownership experience. The Ather 450 has a 7” touchscreen dashboard that allows onboard navigation with options of alternative routes and saved locations. It comes with the Ather app
that enables push navigation from the phone to the vehicle dashboard, remote monitoring of the vehicle’s health and charge status. Finally, with the over-the-air (OTA) updates functionality, the vehicle can improve over time with continuous upgrades in addition to new features and functionalities.
About Ather: Ather Energy, India’s first intelligent electric vehicle manufacturer was founded in 2013 by IIT Madras alumni, Tarun Mehta, and Swapnil Jain. Backed by founders of Flipkart, Sachin Bansal & Binny Bansal, Hero Motocorp and Tiger Global. Ather Energy has designed India’s first truly intelligent electric scooter – Ather 450 – powered by a comprehensive public charging network, Ather Grid, built and designed in India. With 38 charging Points in Bengaluru and 14 charging Points in Chennai, Ather Grid is the largest fast-charging network for electric vehicles in the country. The company’s product line has won 30 awards in design, automotive and technology categories. With over 51 patent applications, 113 trademarks and 123 design registrations to its name, Ather Energy aims to provide consumers with the best possible ownership experience. Ather Energy currently operates in Bengaluru and Chennai and will expand to other major cities across the country.