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Ather delivers its first leased scooter in India

Ather delivers its first leased scooter in India

India, February 19, 2019 : Ather Energy, the Bengaluru based mostly e-scooter start-up has leased a 450 to a customer in its home city, officially commencing its rental program. The lease choices have been launched with the help of Autovert, another Bengaluru based firm that gives financing choices for electrical scooters.

The lease choices can be found on both models Ather at present gives – the 340 and the 450 – for durations between 13 months and 36 months. The down payment options for the 340 range between Rs 30,000 and Rs 65,000, which varies the monthly rental from Rs. 3,977 to Rs 2,274, respectively. Similarly, for the 450, down cost choices vary between Rs 40,000 and Rs 75,000, which results in monthly rental amount between Rs.  4,220 and Rs 2,517. The monthly rental amount remains the identical no matter the period (13 months to 36 months) and adjustments solely in response to the down cost quantity. For more information, head to the Ather Power web site.

At the end of the lease interval, the client has the choice to purchase the identical scooter for an quantity between Rs 10,000 and Rs 45,000 for the 340 and between Rs 10,000 and Rs 55,000 for the 450 (depending on down payment and period of lease).

One thing to be famous in case you are contemplating leasing an Ather for a shorter period is that solely part of the down cost is refundable for any interval lesser than the utmost potential 36 months. For a interval of 13 months, you may be refunded 60 p.c of your down cost. This worth will increase with the period.

The lease program additionally contains an Ather Service subscription by way of which the model will care for the logistics and substitute of spares when service is due. The spares covered by the plan are wheel bearings, steering bearings, fork seal, swingarm bushes, brake pads, main and secondary belts, and a top-up of brake fluid and fork oil. The lease also includes a charging cable for the 340 and a house charging unit for the 450.