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Ather Closes Series E Fund Raise With $128 Million Round From NIIFL, SOF, Hero Moto

Bengaluru based Ather Energy, a leading electric two-wheeler company in India, has confirmed the completion of its Series E round of funding with signing of investment agreements amounting to $128 million with National Investment and Infrastructure Fund Limiteds (NIIFL) Strategic Opportunities Fund (SOF), and Hero MotoCorp, a significant shareholder of Ather, and additional investors. Details []

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Hero Electric, ReadyAssist to provide service support to B2B customers

Electric two-wheeler maker Hero Electric on Tuesday said it has partnered with roadside assistance firm ReadyAssist to provide service support and annual maintenance to its B2B customers. The initiative will improve business for B2B customers by increasing the uptime of customer e-Bikes and providing quick and efficient service support to fleets deployed in last-mile delivery, []

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Ather Energy Raises Rs 84 Crore From Hero in Series C Extension

EV startup Ather Energy has said it has raised Rs 84 crore from the countrys largest two-wheeler maker Hero MotoCorp as an extension of series C round. Electric vehicle startup Ather Energy has said it has raised Rs 84 crore from the countrys largest two-wheeler maker Hero MotoCorp as an extension of series C round. []

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Kumar Abhishek to Steer BattRE as New Chief Operations Officer

Emobility firm BattRE has appointed Kumar Abhishek as its new Chief Operations Officer (COO). In the role, Abhishek will be responsible for steering the operations of BattRE Electric Mobility. Abhisheks career spans over two decades of experience, entailing prominent roles at Hero Motocorp and Maruti Suzuki. At these firms, he was responsible for Supply Chain []

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Former Tesla Policy Director, India Joins E-Scooter Startup Ather Energy

Bengaluru-headquartered electric scootersmanufacturer, Ather Energy recently announced that it has hired the former head of Tesla Inc.s India policy division. Manuj Khurana left his position as Teslas Regional Head of Policy and Business Development in June 2022 and will begin working at Ather Energy the following week as Vice President. In March 2021, Khurana began []

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EV Charging Startup Exponent Raises $13 Million In Series A Round

Exponent Energy, which describes itself as the 15 minute EV rapid charging startup, has raised a $13 million round in its series A from investors, led by Lightspeed capital. The first investment by Lightspeed in the EV space, other investors included YourNest VC, 3one4 Capital & AdvantEdge VC. Exponent will utilize the funds to scale up []

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Ather Energy Strengthens Leadership Team With Harendra Saksena, Sanjeev Singh

Ather Energy, one of Indias leading pure electric scooter manufacturers, has announced the appointment of two key leaders on the manufacturing and supply chain side as the company embarks on its next phase of growth. The company has appointed Sanjeev Kumar Singh as the Senior Vice President (SVP) Manufacturing and Harendra Saksena as the []

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Andhra Pradesh And Adani Green Sign 60,000 Cr MoU

Andhra Pradesh and Adani Green Energy signed a Memorandum of Understanding (MoU) on May 23 to set up two mega green energy projects at an estimated cost of Rs 60,000 crore in the State. Besides establishing a 3,700 MV hydro storage project, the renewable energy company will also set up a 10,000 MW Solar Power []

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BluSmart raises $50 million to expand its electric car fleet

BluSmart, an electric ride-hailing platform from the promoters behind Renewable firm Gensol, has announced that it has raised $50 million and it will utilize the funds to purchase 5,000 more electric cars in order to scale up its electric vehicle hubs. The funds raised comprise a mix of equity and venture debt. BluSmart calls itself []

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