Ather Energy Ltd

Past performance
Performance overview
About Ather Energy Ltd Ather Energy Limited, established in 2013 by Tarun S Mehta and Swapnil B. Jain, is a leading player in India's electric two-wheeler (E2W) industry. The company, headquartered in Tamil Nadu, transitioned to a public limited entity in 2024 and is known for its focus on fostering an electric vehicle ecosystem with products designed and developed entirely in India. Ather Energy’s business model integrates E2W manufacturing with innovations in technology and infrastructure, setting it apart in the growing EV market. The company's initial product, the Ather 450, launched in 2018, marked a breakthrough in the E2W space, offering connected features, a touchscreen dashboard, and a top speed of 80 kmph, competing with internal combustion engine (ICE) scooters. Its current portfolio includes the Ather 450 and Ather Rizta product lines, comprising seven variants. The newly launched Ather Rizta (2024) boasts industry-first features such as traction control, a spacious design, Alexa-enabled voice commands, and up to 56 liters of storage. Ather Energy operates a manufacturing facility in Hosur, Tamil Nadu, with an annual capacity of 420,000 E2Ws and 379,800 battery packs as of March 2024. This integrated approach extends to complementary offerings like a robust charging infrastructure, vehicle accessories, and proprietary software branded as Atherstack. The company is preparing for an Initial Public Offering (IPO) to raise funds, comprising equity shares worth ₹3,100 crore through a fresh issue and an additional 22,000,766 shares via an Offer for Sale. Ather Energy's innovative approach, along with its strong manufacturing and technology capabilities, positions it as a front-runner in India's rapidly expanding electric vehicle market.
Website atherenergy.com
Founded 2013
Headquarters Bangalore