Bengaluru, May 26, 2025 — In a decisive vote of confidence in India’s electric mobility future. Ather Energy, the Bengaluru-headquartered leader in smart electric two-wheelers. It has raised $128 million in Series E funding. The round is co-led by the National Investment and Infrastructure Fund Limited’s (NIIFL). Strategic Opportunities Fund and seasoned investor Hero MotoCorp. Will drive Ather into a fresh new trajectory of high growth, innovation, and national influence.
Powering Ambition: Where the Money Will Be Spent by Ather
Ather’s latest fundraising is not just a cash milestone. It’s a takeoff for the company’s ambitious plans. Here’s where Ather intends to spend the money:
- Supercharging Production: company will double the size of its highly advanced Hosur plant. With a target of tripling production to more than 400,000 units per year by 2027. This scale-up will address growing demand for its top-end Ather 450X and 450S products.
- Next-Gen R&D: The firm will double down on research and development. Investing in cutting-edge battery technology. Such as AI-powered vehicle intelligence, and over-the-air software updates. Keeping Ather scooters at the leading edge of performance and connectivity.
- Scaling Ather Grid: Already India’s largest network of fast-charging points for two-wheelers. Ather Grid will expand 2,000 more charging points. Penetrating deeper into Tier II and Tier III cities. Making owning an EV more convenient than ever before.
- Retail Revolution: With plans to open 60 new Experience Centres this year. Ather intends to make its premium brand and customer-centric service. Accessible to riders in over 100 cities nationwide.
Ather Steam is Indisputable
- Record Sales: The company has announced a 30% quarter-on-quarter growth, with more than 200,000 EV scooters now on Indian roads.
- Customer Delight: Recent software updates have included real-time navigation, ride analytics, and safety enhancements, further solidifying Ather’s tech-savvy mobility reputation.
ELCTRIK Speaks
The company is improving its vision of making electric mobility aspirational. Accessible, and sustainable for millions of Indians. The company’s end-to-end strategy ranging from product excellence to robust infrastructure. Customer-centricity is a harbinger of change in India’s green mobility revolution.
