Ather Vitality has began manufacturing scooters at its new Hosur, Tamil Nadu facility after asserting aggressive growth plans. The sensible electrical scooter producer stopped manufacturing at its Whitefield, Bengaluru plant final yr in December. The Ather Vitality workforce posted a number of photos of the identical on-line.
At the moment, the Hosur facility is able to producing 3,000 items monthly. Nevertheless, the plan is to broaden it to eight,000 items monthly by early 2022. The Bengaluru plant had a manufacturing capability of solely 300 items monthly and it’s 10 occasions greater than that.
In December 2019, Ather Vitality entered right into a Memorandum of Understanding (MoU) with the Tamil Nadu authorities to arrange a 4,000 sq ft plant within the state. Ather had dedicated a complete of Rs 635 crore for a similar.
In a submit, Ather Vitality mentioned,
“We’ve got moved our manufacturing unit from Whitefield to Hosur, and we marked the brand new starting with a pooja and with our workforce members in attendance. It’s an enormous enhance to our morale that we managed this regardless of the lockdown and associated disruptions,”
The brand new manufacturing facility is supported by the Tamil Nadu authorities’s new electrical automobile coverage. The coverage is designed to supply 100,000 items of EV yearly within the state and it may be scaled to five lakh items within the subsequent few years. The brand new coverage is aimed to create over 4,000 jobs within the subsequent few years within the state that may push employment. Tamil Nadu’s nodal company for funding promotion and single window facilitation congratulated Ather Vitality on the event too.
Tarun Mehta, co-founder and CEO, Ather Vitality, on the time of signing the MoU had mentioned,
“A producing facility at Hosur was an excellent alternative contemplating that it’s near our Analysis & Growth amenities in Bengaluru and many of the present and potential future provide base is working within the area. The provision of a built-up possibility of our desired scale and proximity helped within the decision-making.”
Ather Vitality now plans to broaden its companies to about 20 Indian cities by the top of this yr. It is part of the Part-2 of the growth and the producer will launch the scooter Ather 450X in 16 further cities. These cities embrace Mysore, Hubli, Jaipur, Indore, Panaji, Bhubaneshwar, Nashik, Surat, Chandigarh, Vijaywada, Vishakapatnam, Guwahati, Nagpur, Noida, Lucknow and Siliguri. The Ather scooters can be obtainable throughout 27 cities by Q1 of 2021.
Ather at present gives two scooters – the Ather 450X and the Ather 450 Plus. They’ve additionally unveiled the collector’s version automobile Sequence 1, which is the one two-wheeler in India with clear panels.
The scooter producer raised USD 35 million in Sequence D funding led by Sachin Bansal’s funding of USD 23 million. Hero MotoCorp has additionally invested USD 12 million as part of the Sequence D spherical within the Ather Vitality. Ather plans to set-up Ather Grid quick charging factors throughout the nation over the following 5 years that may guarantee the general public will get simple and accessible charging factors. The factors can be open to charging any sort of EV sooner or later.