Ather Energy Leverages ₹1-Trillion Innovation Fund to Address Competitor Incentives

Ather Energy Eyes Government Funding for EV Projects

New Delhi: Ather Energy, a leading electric vehicle manufacturer, is nearing a decision to participate in the Indian government's ₹1-trillion research, development, and innovation (RDI) scheme. This development has been confirmed by three sources familiar with the matter.

By joining the RDI scheme, Ather Energy will gain access to low-cost, long-term debt funding for its projects, which is a critical step in addressing a significant funding gap. The company's inclusion under the production-linked incentive (PLI) auto scheme has been stalled, making the RDI funding a crucial lifeline for its growth initiatives.

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