The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 




every show 44 of 44
Ather's auto hill-hold feature lasts 10 minutes while Ola's lasts one
“The way we implemented and the way Ola implemented I think Ola's same capability would last a much shorter time. So if you engage this hill hole feature on a steep slope after a minute or so, the motor would be like, okay, now I can't support this. It'll start…”
Mehta: India's electric scooter volumes will catch up to China by 2027
“Volumes, they are ahead, but volumes will catch up in the next three, four years. But in terms of just sheer technology, and product quality, and product the feature list. No, I'm not just speaking for Aether. I'm just, I'm speaking actually about the entire e…”
Mehta: Electric scooters will decimate India's commuter motorcycle market within 10 years
“So my belief for the last several years has been electric scooters will decimate the
Commuter entry motorcycle market in India over the next 10 years.
What will be left as motorcycles is the premium and the high performance category, one 8200 cc and beyond, wh…”
EV usage and buying patterns are identical across Indian city tiers
“I think tier one daily usage is 31 kilometers, tier two is like, 32, tier three is like, 29. There is no meaningful difference of usage, daily usage. There is no meaningful difference of buying patterns. Tier one, tier two, tier three.”
Tarun Mehta: Ather's charging connector is India's national standard
“Charging standard has become the national standard.”
Mehta: Viable cell manufacturing in India requires at least 4,000-5,000 crore investment
“The challenge of setting up cell manufacturing in India for a while now has been demanding. And the minimum investment required is pretty high. Like if you're not putting, if you're not bringing four, 5000 crores to the table, practically, it'll be very diffic…”
Mehta: Ather projects 8-10 year battery pack life, rivals will struggle past 5
“So for example, our oldest battery packs are now five years in the field. And we have, they are still at 90% plus health, which means we are now internally starting to project eight to 10 year battery life. We know in the industry that I think most of our comp…”
Mehta: Ather has the world's largest electric two-wheeler R&D team
“Yes, that's why I said it's the world's largest R&D for two wheelers, electric two wheelers.”
Every EV subscription startup quietly pivoted into an auto-financing company
“Every company who's talked about cracking subscription, quickly, quietly became a financing company. Everybody.”
Mehta: EVs cannot profit on servicing and must monetize software upgrades
“Long term, I do think that electric vehicles are not going to make money on servicing. They just can't. And as quality improves for each of, each one of us, their number will drop even further. I think long-term electric vehicles will have to make money on som…”
Mehta: Ather's Bangalore store beats Apple's global revenue per square foot
“Indranagar on many months beats Apple global averages quite, quite comfortably. I think on a regular month, I think it also beats, but on a good month, festive months, I think it's like double that of Apple global average.”
Mehta: Electric scooters emit 40% less than petrol scooters on current grid
“In scooters at least, our math was, it is. It is 40% less emission than a petrol scooter. You're at least reducing emission to 40%. Even if the grid does not become greener at all.”
Tarun Mehta: Ather operates India's largest two-wheeler fast-charging network
“Actually in two wheelers, it's the largest fast charging network in the country.”
Tarun Mehta: Ather will reach 1,000 touchpoints within 2.5 years
“We'll go from 200 touch points to a thousand touch points in the next two and a half years. At which point you've crossed oil and field scale already.”
Mehta: Giant battery cell makers operate at thin 4-6% PAT margins
“Most cell manufacturing companies, the really enormous ones, like LG Chem, Panasonic, all these guys, even in the best times that they made cells and sold cells, had like crazy ability to sell price at any point. They can sell at any price, like last year basi…”
Mehta: Indian EV battery recycling will have guaranteed demand in 10-15 years
“So you set up recycling. I think it is such a stable business. It's two fifty million vehicles going to go to three fifty million vehicles and annually out of that three, thirty million is going to come back. And 1015 years later, a very large chunk of that wi…”
Tarun Mehta: Ather 450 was world's first scooter with touchscreen and Google Maps
“This was the world's first aluminum frame, bolted aluminum frame on a scooter in production. This was the first scooter anywhere in the world to deploy a touchscreen dashboard, and the first one to have Google Maps.”
Mehta: Ather's 14,000 monthly sales matches the Royal Enfield Bullet
“Bullet. It's a famous product. Yeah, we all know about it. It does, I think, 14,000 units a month. Pan India. Wow. We do 14,000 today.”
Mehta: Ather is the only EV player without fast-charging restrictions
“For example, right now we are the only player where we don't put any restriction on fast charging. So we tell our customers, if you want to fast charge practically every day, be my guest, right?”
Mehta: No Indian electric two-wheeler OEM uses liquid cooling due to costs
“Yeah, but none of us in India does liquid cooling for a two-wheeler. Crazy cost structure. Doesn't make sense today.”
Mehta: Ather 450 was India's fastest accelerating scooter at launch
“When we launched in 2018, Ather four 50 was the fastest accelerating scooter ever produced in the country. I mean, all scooters, all petrol scooters included.”
Mehta: Ather, Ola, and TVS captured 50% of EV sales in FY23
“So, last year, I think about six, seven lakh vehicles were sold, ah, electric.
us, Ola, TVS were about, I think, 50% of it.
I think we did one lakh, I think Ola did 1.5 lakhs, and TVS did, again, just under a lakh.
So about three, three and a half lakh betwee…”
Mehta: India's two-wheeler category leaders routinely capture over 50% market share
“In India, the market leader, In two wheelers. Always gets to 50% plus market share. Splendor. Dominating market share. More than 50%. Activa. Winner. 55% market share. Pulsar. Winner. In the commuter sports category. I think more than 50% market share. Royal E…”
Mehta: Ather's revenue grew from ₹75Cr in FY21 to ₹1,800Cr in FY23
“FI. 20, 21 was 75 crores. FI. 21, 22 was 410 crores. And 20 to 23 was 1800.”
Mehta: EV Sector Will Build India's First Real Hardware Platform Talent
“In fact, I think electrification, electric vehicles, because of the amount of lead India has, Is going to create one of the first waves of genuine platform builders on hardware in India after a very long time.”
Mehta: Two-wheelers on Indian roads will reach 400 million by 2030
“That, two hundred and fifty million two-wheelers on Indian roads, this number I think will become close to about four hundred million by the end of this decade, including exits of old vehicles.”
Mehta: Ather Energy's first patent was for a swappable battery pack
“The first patent we filed at Aether was a swappable battery pack.”
The raw material inside a 4 kWh EV battery costs $240
“Just the material alone in a typical four kilowatt battery pack is about 240 dollars today. About 60 dollars a kilowatt. This is the raw material inside.”
Mehta: Batteries represent approximately 35% of electric scooter cost
“Batteries, I can't give the exact numbers, but in percentage, generally about 35% is a good estimate.”
Tarun Mehta: Early Indian EV buyers loved the concept but hated their vehicles
“Every customer that we used to meet would love electric. They believed this was the future. They were big supporters, believers, everything. Every single one of them hated the EV that they bought.”
Mehta: Commuter bikes like Hero Splendor make up 90% of India's market
“The market of one 80 cc bikes and beyond in India is I think about six percent of the Indian doula market and about 10% of the bike market.
90% of the bike market in India is basically splendor.
9080, 90%.”
Mehta: Ather alumni have founded at least seven hardware startups
“There have been so many hardware startups that have come out of Aether. There's appliance in, in cooking. There is Exponent Energy. There is another one in the battery side. I'm blanking on the name right now. There are at least like seven, eight startups that…”