{"id":423945,"date":"2021-07-03T08:51:22","date_gmt":"2021-07-03T03:21:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=423945"},"modified":"2021-07-03T09:33:54","modified_gmt":"2021-07-03T04:03:54","slug":"electric-scooter-maker-ather-energy-takes-on-ola-expanding-its-hosur-plant","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/electric-scooter-maker-ather-energy-takes-on-ola-expanding-its-hosur-plant\/","title":{"rendered":"Electric scooter-maker Ather Energy takes on Ola, expanding its Hosur plant"},"content":{"rendered":"<p>Bengaluru-based electric two-wheeler manufacturer Ather Energy is set to take on the might of Ola Electric by expanding the capacity of its new plant in Hosur from 110,000 units per annum to 500,000 by the end of next year. It will invest Rs 650 crore in the new plant and in the works are plans to raise money from private equity players and investors sometime this year to fund its further expansion. <\/p>\n<p>Ather has Tiger Global and Hero Group as two of its chief backers. Elaborating the plans, Tarun Mehta, one of the founders of the two-wheeler company, said: \u201cWe are now expanding our reach from 13 cities to 50 by the end of this financial year and hit 100 by FY23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru-based electric two-wheeler manufacturer Ather Energy is set to take on the might of Ola Electric by expanding the capacity of its new plant in Hosur from 110,000 units per annum to 500,000 by the end of next year. It will invest Rs 650 crore in the new plant and in the works are plans to raise money from private equity players and investors sometime this year to fund its further expansion. Ather has Tiger Global and Hero Group as two of its chief backers. Elaborating the plans, Tarun Mehta, one of the founders of the two-wheeler company, said: \u201cWe [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-423945","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=423945"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423945\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=423945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=423945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=423945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}