Ather Energy to set up manufacturing unit in Tamil Nadu

CHENNAI: E-scooter start-up Ather Energy, which was incubated in IIT-Madras, will set up a new manufacturing unit sprawling over 4,00,000 square feet at Hosur in Tamil Nadu.The company recently signed a memorandum of understanding in this regard with the Tamil Nadu government. The new unit will see an investment of `635 crore and will help the company scale up its production.

Along with electric vehicle production, the upcoming unit will also cater to the company’s lithium-ion battery manufacturing. The new plant will create a number of job opportunities in the region. The company said that over 4,000 employees will be trained in requisite skills in the electric vehicle sector in the next five years.