CURRENT AFFAIRS

Detailed explanation-1: -Ather Energy, a smart electric scooter manufacturer has announced its partnership with IDFC Bank to offer a first-in-the-industry financing option to customers. Consumers can upgrade and own a smarter and faster Ather 450X scooter by incurring the same monthly expense as that of a conventional petrol scooter.

Detailed explanation-2: -The partnership with the country’s largest public sector lender is aimed at leveraging its reach and penetration in accelerating the adoption of electric vehicles (EVs) in the domestic market, Ather Energy said.

Detailed explanation-3: -Bengaluru-based electric two-wheeler manufacturer Ather Energy has raised ₹400.6 (around $ 50 million) in a fresh funding round led by existing investor Caladium Investment and participation from Herald Square Ventures.

Detailed explanation-4: -Tata Motors has joined hands with SBI to provide finance solutions to authorised passenger EV dealers.