At that very moment, you know the man is speaking from his heart. He isn’t just spitting something because he wants you off his back as the question is a little uncomfortable. “Last year was tough,” says Tarun Mehta, co-founder of Ather Energy. “For fundraising. I had almost given up that we would be able to raise any money. But it is not just about the funding. We were way too optimistic on what it takes to build an electric vehicle.
The growing up of Ather Energy
Early last year, Ather Energy realised that its electric two-wheeler, the S340 can't launch as per deadline. It was behind, not by a few months but almost a year. Maybe more. That’s when it started introspecting. Top of the list—'We can’t afford to screw this up'
Ather missed its launch date by underestimating just how difficult it is to build an automotive company
Building the scooter, the S340, needed a great deal of coordination from its team but it was hampered by an ill-thought out organisation structure
The startup is taking the tougher route of doing everything from designing components to distribution, all by itself.
The electric vehicle market in India has seen too many bad precedents that companies like Ather will have to work to set new benchmarks