Ather Energy Company Overview and Analysis

Ather Energy is an Indian electric vehicle (EV) manufacturer that has been making waves in the industry with its innovative products and services. Founded in 2013 by Tarun Mehta and Swapnil Jain, the company has its headquarters in Bengaluru, Karnataka.

Ather Energy's flagship product is the Ather 450, a high-performance electric scooter that boasts a 3.7 kWh lithium-ion battery and a top speed of 80 km/h. The scooter has received widespread acclaim for its sleek design and impressive features.

The company's vision is to make electric vehicles more accessible and affordable for the masses, and it has been working towards this goal by setting up a network of charging stations across the country. Ather Energy has already established over 100 charging stations in Bengaluru and is planning to expand to other cities soon.

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Ather Energy offers a range of products and services that cater to the evolving needs of electric vehicle owners. Their flagship product, the Ather 450X, is a high-performance electric scooter that boasts a range of up to 146 kilometers on a single charge.

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The Ather 450X comes equipped with a 6kW charger, which can charge the scooter to 0-80% in just 50 minutes. This makes it an ideal choice for daily commutes and short trips.

Ather Energy also provides a range of services, including a mobile app that allows users to track their scooter's health, receive software updates, and access various features such as navigation and voice assistant. This app is available for both iOS and Android devices.

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The Ather 450 is a remarkable electric scooter that's built with an all-aluminum frame.

It comes equipped with a powerful 3.3 kW/5.4 kW peak (7.2 BHP) brushless DC electric motor, which is a significant upgrade over traditional motors.

The scooter's battery pack is a 2.4 kWh lithium-ion unit, allowing for efficient energy storage and long-lasting performance.

You can reach a top speed of 80 km/h with this scooter, making it perfect for city riding or short commutes.

In city-riding conditions, the Ather 450 can travel up to 75 km on a single charge, which is impressive for its class.

However, if you're looking for an even more powerful option, the Ather 450S is worth considering.

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The Ather 450X is a feature-packed electric scooter that's perfect for navigating city streets. It comes equipped with a 4G SIM card and Wi-Fi for seamless connectivity.

Its 7” touchscreen dashboard offers a color depth of 16 million, making it easy to read and use on the go. The Snapdragon Quad Core processor ensures smooth performance and efficient navigation.

The Ather mobile app is a game-changer, offering features like charging status, push navigation, and live location tracking. With it, you can stay on top of your scooter's activity and receive notifications when it's time to charge.

Connected accessories like smart helmets and tire-pressure monitoring systems (TPMS) are also supported, adding an extra layer of convenience and safety to your riding experience.

Ather Energy has established a strong presence in India, with production facilities in Hosur, Tamil Nadu, capable of producing 110,000 scooters and 120,000 battery packs annually.

The company has expanded its reach to 27 cities across 15 states, providing access to its electric vehicles and services to a wider audience.

Ather Grid, the company's electric vehicle charging infrastructure, has set up over 1000 fast charging points in 80+ cities across India as of May 2023, making it easier for customers to charge their vehicles on the go.

These fast charging points are equipped with Ather's proprietary charging method and connector, allowing Ather scooters to charge at a rate of 1 km/min.

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Ather Energy's electric scooters receive over-the-air (OTA) updates, allowing for seamless software improvements and bug fixes.

These updates are rolled out regularly, with the company having already implemented 13 OTA updates as of 2020.

This means that Ather Energy's customers can enjoy the latest features and performance enhancements without having to visit a service center or update their scooters manually.

Ather Energy has a robust production facility in Hosur, Tamil Nadu, with an annual capacity of 110,000 scooters and 120,000 battery packs.

The company has a significant presence in 27 cities across 15 states in India.

Ather Energy has established its own electric vehicle charging infrastructure, Ather Grid, with over 1000 fast charging points in 80+ cities across India as of May 2023.

These charging points are equipped with a 3-pin socket to supply AC power to other electric vehicles that don't use Ather's connector.

Ather Grid has over 120 fast charging grid points installed across 18 cities in India.

The company plans to set up around 300 fast charging stations across India by the end of 2021.

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Ather Energy's data and analytics capabilities are a key factor in its success. The company has two dedicated manufacturing plants and the country's largest fast-charging network.

To make sense of the high volumes of customer and product data, Ather Energy needed an analytics tool that was intelligent, integrated, and insightful. It recognized that teams needed access to such a tool.

Having a single platform to analyze and integrate data has allowed Ather Energy to extend the benefits to multiple areas of its operations. This includes customers, vehicles, retailers, charging processes, and the grid network.

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Ather Energy is using the transparency offered by Qlik to further its quest for innovation. This enables the business to deepen its understanding of data and the meaningful insights it delivers.

Qlik is now set to play a vital role in driving growth for Ather Energy, both in India and internationally.

Ather Energy is a leading Indian electric two-wheeler manufacturer.

The company was founded in 2013 by Tarun Mehta and Iqbal Mahmood, with the goal of revolutionizing the Indian two-wheeler industry with sustainable and innovative products.

Ather Energy's headquarters is located in Bengaluru, Karnataka, India, and it has a manufacturing facility in Hosur, Tamil Nadu.

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Ather Energy's leadership team is comprised of experienced entrepreneurs and innovators who have a strong track record of success.

Arun Vinayak, one of the founders, has a background in co-founding Ather Energy and another company, and is also an angel investor in one startup and serves on the board of another company.

Tarun Mehta, the Co-Founder & CEO, has co-founded Ather Energy and has a significant presence as an angel investor in six startups and serves on the boards of two companies.

Swapnil Jain, the Co-Founder & CTO, has also co-founded Ather Energy and has invested in four startups as an angel investor and serves on the board of one company.

Here's a brief overview of Ather Energy's founders and board of directors:

Ather Energy has had several corporate actions in the past year. The company held a Board Meeting on May 12, 2025, to discuss audited results.

The company's Board Meetings are usually held to discuss financial results, and the one on May 12, 2025, was no exception. The meeting was announced on May 07, 2025.

Another notable corporate action was the Board Meeting on August 04, 2025, where the company discussed quarterly results. This meeting was announced on July 29, 2025.

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Ather Energy also held a Board Meeting on August 19, 2025, which was announced on July 21, 2025. The purpose of this meeting was to discuss a Point of Modification (POM).

Additionally, the company held an Annual General Meeting (AGM) on September 17, 2025, which was announced on August 26, 2025.

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Ather Energy has its fair share of competitors in the electric scooter market. Ather Energy's main competitor, Ola Electric, has a total funding of $1B, which is more than double Ather Energy's funding of $502M.

The electric scooter market is quite competitive, with several players vying for market share. BGauss, a Mumbai-based company, has a total funding of $24.4M, which is significantly lower than Ather Energy's funding.

Here's a list of the top 10 competitors in the electric scooter market, ranked by their Tracxn Score:

In India, Ather is a notable brand that offers a range of scooters. The Ather 450X is priced between ₹ 1.50 - ₹ 1.80 Lakh, while the Ather Rizta is priced between ₹ 1.15 - ₹ 1.74 Lakh.

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One of the key models from Ather is the 450S, which falls in the ₹ 1.23 - ₹ 1.58 Lakh price bracket. The Ather 450 Apex is priced at ₹ 1.85 Lakh.

Ather is also planning to launch the EL01 scooter, which is expected to be priced between ₹ 1.25 - ₹ 1.50 Lakh. The expected launch date for the EL01 is December 2025.

Here's a brief overview of the Ather scooters mentioned above:

In the electric scooter market, there are several competitors and alternates vying for attention. Ather Energy is currently leading the pack with a total funding of $502M.

Ather Energy's closest competitor is Ola Electric, which has raised a whopping $1B in funding. This Indian company is also based in Bengaluru and has been making waves in the electric scooter market since its inception in 2017.

BGauss is another notable competitor, with a total funding of $24.4M and a Tracxn Score of 71/100. This Mumbai-based company has been making electric scooters since 2020 and has already gained a significant following.

Hero Electric, on the other hand, has been around since 2007 and has a total funding of $130M. This Gurugram-based company is also a manufacturer of electric scooters and has a Tracxn Score of 68/100.

Here's a list of the top 10 competitors and alternates in the electric scooter market, ranked by their Tracxn Score:

These companies are not only competing with each other but also with Ather Energy, the leader in the market. With such a strong competition, it's no wonder that the electric scooter market is becoming increasingly crowded and competitive.

Ather Energy's financial performance has been a mixed bag over the years. The company's total revenue has grown by 28.85% in FY 2025, reaching Rs 2,305.20 crore.

However, this growth has not been enough to turn the company's fortunes around, with a net loss of Rs 812.30 crore in the same period. The operating profit margin has also been a concern, standing at -31.11% in FY 2025.

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Here's a breakdown of Ather Energy's financial performance over the years:

It's worth noting that the company's total assets have grown by 9.78% in FY 2025, reaching Rs 2,100.60 crore. However, this growth has been accompanied by a rise in total liabilities, which have increased by 17.55% in the same period.

Ather Energy has raised a total funding of $502M over 19 rounds.

Its first funding round was in February 2014, and its latest round was a Series E round on August 13, 2024, for $71.4M.

NIIF led the latest funding round, which involved only one investor.

Ather Energy has 14 institutional investors, including Hero MotoCorp and Tiger Global Management.

There are 21 Angel Investors in Ather Energy.

The financials of a company can be a complex and overwhelming topic, but let's break it down into simpler terms.

Ather Energy's income (P&L) has shown a mixed trend over the years. In FY 2025, the total income was ₹2,305.20 Cr, which is a 28.85% growth from FY 2024.

The company's total expenses have also increased, reaching ₹3,117.50 Cr in FY 2025, a 16.58% growth from FY 2024.

Ather Energy's profit after tax (PAT) has been negative in recent years, with a loss of ₹812.30 Cr in FY 2025.

The company's operating profit margin has been negative, standing at -31.11% in FY 2025.

Here's a summary of Ather Energy's financials:

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ET Stock Screeners offer a valuable tool for investors to identify top-performing companies. Top Score Companies are listed, but Ather Energy is the only specific company mentioned.

Investors can use stock screeners to filter companies based on various criteria, including analyst ratings. Ather Energy's inclusion in analysts' top-rated companies list is a notable achievement.

Stock screeners can help investors make informed decisions by providing a list of top-rated companies like Ather Energy.

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Ather Energy has been making waves in the electric two-wheeler market with its innovative products.

The company's flagship product, the Ather 450, boasts an impressive range of 110 kilometers on a single charge.

Ather Energy's focus on sustainability and eco-friendliness has earned it a loyal customer base, with many riders appreciating the reduced carbon footprint of their vehicles.

Ather Energy, an electric vehicle company, has deferred claims worth Rs 26 crore under the PM E-DRIVE scheme due to a magnet shortage.

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The company's IPO also saw a notable Day 1 pop, where its shares surged by a certain percentage, although the exact figure is not mentioned.

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The global investment in renewable energy has reached a record high of $1.3 trillion in 2022, according to the International Energy Agency.

This surge in investment is driving down the cost of renewable energy, making it more competitive with fossil fuels. The cost of solar energy has fallen by 70% over the past decade.

In the tech world, the metaverse is gaining traction, with major companies like Facebook and Microsoft investing heavily in virtual reality technology. The global metaverse market is expected to reach $1.5 trillion by 2030.

The rise of e-commerce has also led to a significant increase in online shopping, with the global e-commerce market projected to reach $6.5 trillion by 2025.

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Ather Energy's financial performance has been a mixed bag in recent years. The company's total income has been steadily increasing, with a growth rate of 28.85% in FY 2025 compared to FY 2024.

The company's total revenue has also seen a significant increase, with a growth rate of 28.85% in FY 2025. However, the total expenses have also increased, with a growth rate of 16.58% in FY 2025.

Ather Energy's profit after tax (PAT) has been negative in the last three years, with a growth rate of - in FY 2025. The company's operating profit margin has also been negative, with a margin of -31.11% in FY 2025.

The company's total assets have increased by 9.78% in FY 2025, while the total liabilities have increased by 17.55%. Ather Energy's current ratio has decreased to 0.99 in FY 2025.

Here's a summary of Ather Energy's key financial metrics:

Ather Energy's cash flow has been impacted by the company's negative PAT, with a net cash flow of -396.00 in FY 2025. The company's closing cash and cash equivalent has also decreased to 110.00 in FY 2025.

Ather Energy is a Bangalore-based electric two-wheeler manufacturer. The company was founded in 2013 by Tarun Mehta and Swapnil Jain.

Ather Energy is backed by prominent investors, including Sachin Bansal, co-founder of Flipkart.

Ather Energy has a single legal entity associated with it. This entity is Ather Energy Limited, which was incorporated on October 21, 2013.

The company is registered in India and is currently active. It has a CIN of L40100KA2013PLC093769.

Ather Energy Limited has a substantial revenue of $216M, as of March 31, 2024. Its employee count has also been steadily increasing, reaching 1755 as of June 30, 2025.

Here's a summary of the key facts about Ather Energy Limited:

The Board of Directors plays a crucial role in guiding the direction of Ather Energy. Ather Energy's Board of Directors consists of 10 members, including team members, investors, and independent board members.

Swapnil Jain is a team member who has been with the company for over 11 years, and he is still currently serving on the board. Tarun Mehta, also a team member, was part of the board for the same duration but is now in the past.

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There are three investors on the board, including Pankaj Sood, Niranjan Kumar, and Nilesh Shrivastava. Pankaj Sood has been an investor for about 2 years, while Niranjan Kumar has been associated with the company for over 4 years, representing Hero MotoCorp.

The remaining investors on the board include Nilesh Shrivastava, who has been an investor for over 2 years, and Rajat Bhargava, who was an investor for about 3 years but is now in the past. Rajat Bhargava also represented Hero MotoCorp.

The independent board members on the board include Neelam Dhawan, Kaushik Dutta, Sanjay Nayak, Ram Kuppuswamy, and Reeta Nathwani. All of the independent board members have been serving on the board for less than 4 years, with Neelam Dhawan and Sanjay Nayak both serving for about 10 months.

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In the technical aspect of a company, the board of directors plays a crucial role in overseeing the overall strategy and direction of the organization.

The board of directors typically consists of 3-11 members, depending on the company's size and structure.

A key responsibility of the board is to ensure that the company's financial reports are accurate and transparent, as seen in the example of XYZ Corporation, which had a revenue of $10 million in 2020.

The company's financial reports are prepared by the accounting department, which is headed by the Chief Financial Officer (CFO). The CFO is responsible for ensuring that the company's financial statements comply with relevant accounting standards.

The company's financial statements are audited by an external auditor, who verifies the accuracy of the financial reports and provides an independent opinion on the company's financial health.

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The shareholding pattern of Ather Energy reveals some interesting insights. The company's promoters hold 42.09% of the shares as of June 2025.

Ather Energy's shareholding pattern is dominated by institutional investors. Foreign Institutional Investors (FIIs) hold 24.07% of the shares, while Domestic Institutional Investors (DIIs) hold 23.97%.

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Mutual Funds also play a significant role, holding 11.99% of the shares. This is a notable shareholding category, considering the impact it can have on the company's overall performance.

Let's break down the shareholding pattern in more detail:

As of June 2025, there are no pledged shares, indicating that the company's shareholders do not have any outstanding loan obligations.

Ather Energy is a well-known brand in the scooter market, but did you know that there are many other popular scooter brands out there?

TVS is one of them, a well-established brand with a wide range of scooters.

Bajaj is another popular brand that offers a variety of scooters with different features.

Hero is also a well-known brand that offers a range of scooters with advanced technology.

Honda, Suzuki, and Yamaha are also popular brands that offer high-quality scooters.

If you're looking for a more affordable option, Lectrix, Ampere, and Benling India are some brands to consider.

Here's a list of some popular scooter brands: