Hero MotoCorp-backed Indian startup Ather Energy is looking to install charging stations in high-density areas like offices, malls, multiplexes, restaurants and business hubs ahead of its smart electric scooter S340 launch in 2018.
The company wants to replicate the model developed by US electric car major Tesla Inc by setting up charging infrastructure to power its electric vehicle, according to Mint.
In October 2016, Hero MotoCorp invested Rs 205 crore in the Indian startup by picking up 26-30 percent stake in the company as a part of strategic investment. Other investors in Ather Energy include Tiger Global and Flipkart's Sachin and Binny Bansal in their personal capacity.
The company was started by IIT Madras alumni in 2013.