Ather Energy Signs Agreement with Sanmina Corporation to Develop and Produce Key Components for the S340
Bangalore, 11 May, 2018: Ather Energy, the smart electric two-wheeler start-up, today announced it has signed an agreement with Sanmina Corporation, a leading integrated manufacturing solutions company headquartered in San Jose, California, to develop and manufacture key components designed by Ather for its maiden scooter – the Ather S340.
As part of the agreement, Sanmina will exclusively manufacture Ather’s charging system, battery management systems and dashboard at its state-of-the-art manufacturing facility in Chennai, India.
Speaking on the agreement, Tarun Mehta, CEO and co-founder of Ather Energy said, “We value a manufacturing partner like Sanmina, with expertise in battery management systems and electric vehicles, who is as excited as we are about this market. In a smart scooter like the S340, integrating the power circuits with each other, the onboard charger and the charging stations is of paramount importance. Sanmina and Ather have designed a system that offers the utmost efficiency with the highest levels of safety. ”
Commenting on the agreement, Mike Landy, Sanmina’s EVP and COO of EMS for Asia and Europe said, “Sanmina is excited to partner with Ather Energy. We are impressed with the sophisticated design and innovative technology in the S340. Sanmina specializes in mission critical products and electronics, and we are proud to collaborate with Ather Energy.”
About Sanmina Corporation (NASDAQ: SANM)
Sanmina Corporation is a leading integrated manufacturing solutions provider serving the fastest-growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, defense and aerospace, industrial and semiconductor systems, medical, multimedia, computing and storage, automotive and clean technology sectors. Sanmina has facilities strategically located in key regions throughout the world. More information regarding the company is available at http://www.sanmina.com.
Co-founded in 2013 by IIT graduates – Tarun Mehta and Swapnil Jain, Ather Energy is one the few hardware startups in India. The company is designing India’s first truly intelligent electric scooter and is backed by the founders of Flipkart, Tiger Global and Hero Motocorp. Designed from scratch, the S340 is customized to Indian conditions and riding sensibilities. A top speed of 72 kmph and a range of up to 60 km, it’s perfectly designed for the stop-and-go city ride. Equipped with a 7” interactive dashboard and an integrated app, it allows for never-before features like onboard navigation, remote diagnostics and over-the-air updates for future improvements. What completes the experience is AtherGrid, a comprehensive public charging network. With 30 locations on board, it’s opening up doors to EVs in Bengaluru. Next steps? Scaling up both AtherGrid & the Ather S340, consecutively to other cities.