ET Startup Awards 2016: Ather Energy is building India's first smart electric scooter


Students are wont to dream, they dream of building cars, scooters, rockets and satellites. But only a chosen few turn those dreams into hard reality.

When Tarun Mehta and Swapnil Jain reached out to their alma mater in early 2013, they only had an idea and no clear roadmap for execution. However, three years later their startup Ather Energy, incubated at the Indian Institute of Technology in Madras, is ready with its first prototype — a smart electric scooter — that will be manufactured at a company-owned production plant in Bengaluru.

Mehta and Jain, fine-tuned their idea and did most of their tinkering and initial development on campus, where they spent over a year during 2013-2014. By then, their idea for an indigenously-built electric scooter had caught the attention of two of India's best-known entrepreneurs — Flipkart's Binny Bansal and Sachin Bansal — who backed the company as angel investors....................Read more

 

Source: The Economic Times


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