EV manufacturer Ather Energy introduces a Buyback Program on the Ather 450X || Launches new models 450X & 450 Plus

• Assured buyback of INR 85,000* for the Ather 450X at the end of 3 years 
• Also improves purchase-enabling & ownership solutions for the Ather 450X 
• Price of the Ather 450 Plus slashed 

Chennai, 20th October 2020: Ather Energy is introducing a first-of-its-kind program in the EV category in India, an ‘Assured Buyback’ program for the Ather 450X. Ather Energy is guaranteeing a buyback for the Ather 450X at INR 85,000*, at the end of 3 years. 

One of India’s few “Make in India” EV manufacturers, Ather Energy has built its own li-ion battery packs and an overall robust platform in the Ather 450 product line. The reliability of the product line has been tested since 2018 in Bengaluru & later in Chennai, and on seeing the high consistency in performance, Ather Energy has launched a unique buyback plan. The high reliability of the product will ensure that the scooters will command a strong value in the resale market, as witnessed by existing owners of Ather 450. 

The buyback program is another bold move from Ather Energy, in it's endeavor to accelerate EV adoption in the country. With initiatives like Ather Grid, EV focussed experience centres and a highly engaged owner Forum, Ather Energy has gone much beyond building just scooters. 

Aside from the new buyback program, Ather Energy has also improved some of the purchase enabling solutions for the launch of Ather 450X. Post the success of the lease model in Bengaluru and Chennai, Ather Energy will be extending the same for the Ather 450X across all cities. The model allows the customers to access a fully loaded Ather 450X at a lower price point & a nominal monthly fee. In the current economic context, this might be significant for a segment of customers who are unwilling to opt for a full purchase. 

To reduce the overall cost of ownership of the Ather 450X, Bengaluru consumers can exchange their old petrol ICE 2-wheeler and others can opt for low interest rate loans from multiple partners that Ather Energy has tie-ups with. Ather Energy has also reduced the ex-showroom price of the Ather 450 Plus model, which can now be purchased at INR 139,990.

Ather’s subscription plans have also been revised and made more flexible in order to match the usage of the consumer. The plans now offer 4 independent packs that the customer can choose from based on their usage, now starting at INR 125 per month. These include Ather Connect Lite (for all basic connected features), Ather Connect Pro, Ather Service Lite (periodic maintenance, RSA & labour) and Ather Service Pro (premium service experience). Meanwhile, charging at public charging points, Ather Grid, will be free until March 2021. 

Quote by Tarun Mehta, Co-founder & CEO, Ather Energy: "Our faith in our product line has allowed us to create innovative solutions to make the switch to electric, easier - whether it is purchase or ownership. We believe Ather Energy's electric scooters are going to have a fantastic value for years and will keep improving with new features which we will roll out as over the air upgrades. And to strengthen that assurance we are announcing a resale guarantee.”

*For details and terms of the Assured Buyback Program, please visit www.atherenergy.com

About Ather Energy :

Ather Energy, one of India's first intelligent electric vehicle manufacturers was founded in 2013 by IIT Madras alumni, Tarun Mehta, and Swapnil Jain. It is backed by the founders of Flipkart -Sachin Bansal & Binny Bansal- Hero Motocorp and Tiger Global. Ather Energy launched India's first truly intelligent, electric scooter - Ather 450 in 2018, followed by their new flagship offering Ather 450X in 2020. Ather has also installed a comprehensive public charging network, Ather Grid, designed and built-in India. With 38 charging points in Bengaluru and 14 charging points in Chennai, Ather Grid is one of the largest fast-charging networks for electric vehicles in the country. The company's product line has won 30 awards in design, automotive, and technology categories. With over 60 Indian and international patent applications, 109 trademarks, and 118 Indian and International design registrations to its name, Ather Energy aims to provide consumers with the best possible ownership experience. Ather Energy currently operates in Bengaluru and Chennai and 2020 will expand to 9 more cities including Delhi NCR, Mumbai, Pune & Hyderabad.

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