Ather Energy, a Bengaluru-based electric vehicle (EV) startup, has emerged as a significant player in India’s rapidly evolving EV landscape. Founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain, Ather has been at the forefront of designing and manufacturing intelligent electric scooters, notably the Ather 450 series. Financial Performance In the fiscal…
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The Indian automobile sector has been on quite the rollercoaster ride over the past couple of years. What started as a funding boom in FY2023 Q4 – hitting a peak of ₹7,058 crore – has since taken a winding road downhill, landing at ₹2,164 crore in FY2025 Q3. Investors seem to be pressing the brakes,…
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Exponent Energy, an Indian startup redefining electric vehicle (EV) technology, recently raised $26 million in a Series B funding round. This round saw participation from marquee investors, including Eight Roads Ventures, TDK Ventures, 3one4 Capital, and others. Here’s a comprehensive look into Exponent Energy’s innovation, financials, and growth story, powered by insights from the PrivateCircle…
Read moreIndia is poised for an exceptional revolution in electric mobility. In terms of the number of companies, the Indian EV market holds the third position globally, trailing behind the United States and China. This transformation is fueled by factors such as increasing fuel prices, growing environmental concerns, government initiatives, declining battery costs, technological advancements, infrastructure…
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