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Tarun Mehta, CEO of Ather Energy, told ET that the company would continue to look for external capital, but that the funds would be used to launch new products and grow the business instead of “handling business cash losses”.
The scooters, priced starting at Rs 1.09 lakh, will be available in two models called the Rizta S and the Rizta Z. The vehicles will have a battery capacity of 2.9 kWH (kilowatt hours), with the most expensive variant of the Rizta Z coming with a 3.7 kWH battery.
Ather Rizta Launch: "This can be a much bigger story than the 450 for Ather," Tarun Mehta, co-founder and CEO, Ather Energy.
In an effort to reduce wait times at its Ather Grid public chargers, Ather Energy has announced it is introducing an 80% cut-off. Click here for full details.