Ather Energy, a relatively young electric automobile startup plans to clone Tesla’s charging infrastructure business model and implement it in India. The company is already planning its blueprints that indicate where these charging stations will be places — in malls, restaurants, cinemas, offices and business parks. Ather plans to have at least a few of these charging ports ready to go before the launch of its smart electric scooter, the Ather S340.
Ather Energy is one of very few hardware startups of the country, and was founded in 2013 by IIT graduates Tarun Mehta and Swapnil Jain. Its investors include Hero MotoCorp, Tiger Global, and Flipkart founders Sachin & Binny Bansal. Hero MotoCorp owns the biggest stake, about 26-30% after it made what it calls a Rs. 2015 crore “strategic investment” in the company.
Ather’s plan to replicate Tesla’s model is primarily dependent on changes being made to the Electricity Act, 2003. Under the present regulations, an individual or private institution cannot sell electricity unless a discom license is obtained to distribute power from the respective state electricity regulatory commission.
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