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Ather Energy Reviews

Bengaluru, Karnataka

4.3/ 5

3 reviews

Ather Energy Limited is a prominent Indian electric vehicle (EV) company engaged in the design, development, and in-house assembly of electric two-wheelers, battery packs, charging infrastructure, and supporting software systems. Founded in October 2013 by IIT Madras alumni Tarun Mehta (who serves as CEO) and Swapnil Jain (who serves as CTO), the company is headquartered in Bengaluru, Karnataka. Over more than a decade, Ather Energy has established itself as a pioneer in the premium segment of the Indian electric scooter market, transitioning into a publicly traded company listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the ticker symbols ATHERENERG and 544397. The company's core product portfolio centers around its vertically integrated, software-defined electric scooters. This includes its signature performance-oriented flagship series, the Ather 450, alongside newer additions like the Ather Rizta, a family-focused electric scooter introduced in April 2024. The Rizta has rapidly scaled to become a key volume driver for the company, surpassing 300,000 unit sales by mid-2026. To complement its vehicles, Ather Energy manufactures its own smart accessories and proprietary battery packs, and has developed a comprehensive fast-charging network known as Ather Grid. Expanding its corporate umbrella, the company incorporated a wholly owned subsidiary named Ather Insurance in May 2026 to offer and facilitate insurance policies as a corporate agent. Ather Energy manages high-tech vehicle and battery assembly through its manufacturing facilities situated in Whitefield, Bangalore, and Hosur, Tamil Nadu. The company’s commercial footprint spans across India, supported by an expansive retail network of over 700 Experience Centres and 500 authorized service centers. Financially, Ather Energy has demonstrated substantial scaling, reporting an annual operational revenue exceeding INR 1,000 crore. As of mid-2026, the company boasts a market capitalization of approximately INR 37,800 crore. The organization has raised over $502 million in total funding across multiple investment rounds from major institutional investors, venture capital firms, and enterprises, including Hero MotoCorp (its largest shareholder owning over 30%), Caladium Investment, GIC, the National Investment and Infrastructure Fund (NIIF), and Tiger Global Management. In line with its capital requirements for expansion and technological research, Ather Energy's Board of Directors approved an additional fundraising proposal of up to INR 2,500 crore in June 2026, which includes a qualified institutions placement (QIP) of equity shares. Driven by a workforce of nearly 2,000 employees, Ather Energy continues to advance low-carbon urban mobility solutions and accelerate electric vehicle adoption across the Indian subcontinent.