Ather Energy Limited is a prominent Indian electric vehicle (EV) manufacturer headquartered in Bengaluru, Karnataka. Established in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain, the company specializes in designing and producing smart, connected electric scooters and has developed a comprehensive EV ecosystem across India.
🏠Company Overview
- Founded: 2013
- Headquarters: Bengaluru, Karnataka, India
- Founders: Tarun Mehta and Swapnil Jain
- Ownership:
- Hero MotoCorp (40%)
- National Investment and Infrastructure Fund (NIIF) (16.92%)
- GIC (15.04%)
- Tarun Mehta and Swapnil Jain (each 6.63%)
- Manufacturing Facilities: Whitefield (Bengaluru) and Hosur (Tamil Nadu)
- Production Capacity: 110,000 scooters and 120,000 battery packs annually
🛵 Product Lineup
Ather Energy offers a range of electric scooters known for their performance and smart features:
- Ather 450X: A high-performance scooter featuring a 7-inch touchscreen dashboard, 4G connectivity, and over-the-air (OTA) updates.
- Ather 450S: A cost-effective variant with a 115 km range and a top speed of 90 km/h, equipped with features like Emergency Stop Signal (ESS) and Theft & Tow Alerts.
- Ather Rizta: Launched in April 2024, this family-oriented scooter offers variants with ranges of up to 160 km, 34L under-seat storage, and a 7-inch TFT instrument cluster with multilingual support.
⚡ Ather Grid: Charging Infrastructure
Ather has developed “Ather Grid,” an extensive fast-charging network for electric two-wheelers:
- Coverage: Over 1,000 fast-charging points across 80+ cities in India as of May 2023.
- Features: Proprietary charging technology offering rapid charging speeds, with plans to expand the network further.
Ather Energy Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 28 April 2025 |
| IPO Close Date | 30 April 2025 |
| Allotment Date | 02 May 2025 |
| IPO Listing Date | 06 May 2025 |
Ather Energy Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 321 Per Equity Share |
| Market Lot | 46 Share |
| ISIN Code |  |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 2981 Crore. |
Ather Energy Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 46 | Rs. 14766 |
| Maximum | 13 | 598 | Rs. 191958 |
| Small HNI (Minimum) | 14 | 644 | Rs. 206724 |
| Big HNI (Minimum) | 68 | 3128 | Rs. 1004088 |
Ather Energy Limited IPO Allotment Status
Click Here To Check IPO Allotment Status Ather Energy Limited IPO
Click Here To Get ASBA Forms Ather Energy Limited IPO
Company Financials :
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 1913.50 | 1976.80 | 818.60 |
| Total Revenue | 1789.10 | 1801.80 | 413.80 |
| Profit After Tax | -1059.70 | -864.50 | -344.10 |
Company Promoters:
Tarun Sanjay Mehta, Swapnil Babanlal Jain, and HMCL are the company promoters.
Objects of this Issue:
- Capital expenditure to be incurred by the Company for establishment of an E2W factory in Maharashtra, India.
- Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company.
- Investment in research and development.
- Expenditure towards marketing initiatives.
- General Corporate Purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Ather Energy Limited 3 rd Floor, Tower D, IBC Knowledge Park, 4/1 Bannerghatta Main Road, Phone: +91 80 6646 5750 Email: cs@atherenergy.com Website: http://www.atherenergy.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: atherenergy.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
