Reportedly, Tesla Inc.’s former India policy chief is appending indigenous and native electric scooter startup Ather Energy Pvt. This homegrown electric two-wheeler is claimed to be one of the best-funded firms that attracting record investment.
Notably, Manoj Khurana, the person who quit his post from the position of Tesla’s local head of policy and business development in June. Now he’s visible and will start very next week at the firm based in the southern technology hub of Banglore. Additionally, Khurana will lead the business as a vice president. Although, his specific role is still unclear. While the representatives for the startup didn’t respond frequently to a requests for comment.
Ather gives a healthy challenge to Ola
Ather gives a healthy challenge and competes with local rivals that include Ola Electric. The company raised $128 million from investors, it includes Hero MotoCorp Ltd and India’s National Investment & Infrastructure Fund. Noticeably, it’s one of those players combating a space of a market. Also to surpass $150 billion by the end of the decade, approximately 400 times its current size respectively.
India is a growing EV market
Also, it seems that Indian consumers are supposed to divert toward electric vehicles. As the country tackle some of the world’s worst pollution. Also at the same time, the Venture capital and private equity funding in the Indian electric mobility firm is on the right track. In order to exceed $1 billion, and that too for the very first time in 2022. This resultant, as sales growing sharply, as per Bloomberg New Energy Finance.
In addition to the info, Khurana joined Tesla in 2021 respectively. The US electric automaker is run by billionaire Elon Musk, facing a challenge in India in order to cater to local factories and import taxes. It lowers the taxes in India in order to check the market. This is intended by selling cheaper imported electric vehicles before starting its own manufacturing base.
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