energy production

Ather Energy to start production early next year
 

MUMBAI: India can finally look forward to riding electric as maker of India’s first electric scooter, Ather Energy is set to begin production early next year following the setting up of production lines in December this year. 

Ather, that has the country’s biggest two-wheeler maker, Hero MotocorpBSE -2.04 %, as one of its investors, is confident now that after much delay, the startup can expect production of its flagship S340 to roll out from early next year. However, pricing is one  .. 
“We were 100 people in February, 2016 and are 250 people now. We have added around 70 people in the last six months and will be adding at least 100 more people in the next 12 months, across all levels,” Mehta said. 

The IIT Madras- incubated startup has invested over Rs 100 crore in the development of the product and has received funding from a few marquee investors, raising around Rs 290 crore up till now after Hero infused around Rs 205 crore in October last year. The company, howe .. 

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