India’s Ather Energy to enter Sri Lankan market next quarter

Evolution Auto will serve as the company’s national distributor and will manage Ather Energy’s sales and service operations in Sri Lanka.

Ather Energy, an electric vehicle manufacturer based in India, on Thursday said that it plans to expand into Sri Lanka in the coming quarter, days after it secured funding from NIIF at a unicorn valuation.

The expansion will be the company’s second international launch after it entered Nepal last year.

Ather will set up an experience centre through a partnership with Evolution Auto Pvt Ltd, a joint venture between Sensex Capital Partners, Atman Group and Sri Lanka-based Sino Lanka Private Ltd, the company mentioned in a press release.

Evolution Auto will serve as the company’s national distributor and will manage Ather Energy’s sales and service operations in Sri Lanka.

Additionally, Ather will also focus on establishing a network of fast-charging infrastructure across the country to facilitate electric vehicle adoption.