Ather Energy announces 123K sq. ft. factory; aims to invest Rs 635 crore over next 5 years

  • The startup aims to invest Rs 635 crore over the next five years in its manufacturing facilities.
  • Ather Energy currently has its presence in 27 cities across 15 states.
  • The new mega-factory has a capacity to produce over 110,000  scooters and 120,000 battery packs annually.

Bengaluru-based electric vehicle manufacturer Ather Energy today announced its new mega-factory spread across 123,000 square feet at Hosur, Tamil Nadu.

The new mega-factory has a capacity to produce over 110,000 and 120,000 battery packs annually. Almost 90% of its production is localized in India, the statement said.

With this massive production capacity, it will be able to meet the demand it receives across the country. “Ather Energy has started delivering in Mumbai, Pune, Ahmedabad, Bangalore, Chennai, and Hyderabad and more deliveries planned in a phased manner across 21 other cities by Q1,” the press statement said.

Meanwhile, Ather Energy is also planning to invest Rs 635 crore ($87 million) in the next five years to meet the potential growth rate.

The new factory is back supported by the Tamil Nadu government under its EV policy. Apart from the electric vehicle manufacturing, the facility will also focus on lithium-ion battery manufacturing, it said.

As a part of this initiative, more than 4000 employees will be trained in requisite skills in the EV sector over the next 5 years

“The manufacturing facility is built on Industry 4.0 principles and has one of the most advanced solutions that integrates technology, human assets, existing systems, and processes across the entire manufacturing network,” the statement added.

Ather Energy Hosur Factory

Ather Energy currently has its presence in 25 cities, including Bangalore, Chennai, Mumbai, Pune, Delhi, Hyderabad, Kochi, Coimbatore, Kolkata, Calicut, Ahmedabad, Mysore, Hubli, Jaipur, Indore, Panaji, Bhubaneshwar, Nasik, Surat, Chandigarh, Vijayawada, Visakhapatnam, Guwahati, Nagpur, Noida, Lucknow, and Siliguri. It aims to expand its presence in other cities.

Founded in 2013 by two IITians Swapnil Jain and Tarun Mehta. Ather Energy is known for its powerful electric scooters such as Ather 450X and Ather 450Plus, which built India’s first intelligent electric scooter.

Also Read: Ola To Invest Rs 2,400 Crore To Build EV Manufacturing Plant In Tamil Nadu

Commenting on the development, Tarun Mehta, CEO & Co-founder Ather Energy, said, The consumer demand has increased by multiple folds and with us expanding to new markets,  this state-of-the-art facility will cater to demand across the country. We are proud of the fact that we designed and built a product from scratch which is in line with the government’s Make in India vision.”

“We are thankful to the Tamil Nadu government and their EV policies which have allowed us to have most of our supplier base in the State making us self-reliant.,” he added.

Ather Energy had reported Rs 48.8 crore revenue from its sales in FY-20, saw a 4x growth compared to the previous financial year.

Follow IndianStartupNews on FacebookInstagramTwitter for the latest updates from the startup ecosystem.

Recent Stories

More On IndianStartupNews