Ather Energy is an Indian electric two-wheeler manufacturer headquartered in

Bengaluru Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

. It was founded by Tarun Mehta and Swapnil Jain in 2013. It manufactures electric scooters including the Ather 450 series and Ather Rizta. It has EV manufacturing facilities in

Whitefield, Bangalore Whitefield is a neighborhood of Bangalore in the state of Karnataka, India. Established in 1882 as a settlement for the Eurasians and Anglo Indians of Bangalore, Whitefield remained a quaint little settlement at the eastern periphery of Bangalore ...

and

Hosur Hosur is an industrial city located in the Tamil Nadu state of India. Hosur is one of the 21 municipal corporations in Tamil Nadu. It is located on the bank of the river River Ponnaiyar, southeast of Bengaluru and west of Chennai, the state ...

Tamil Nadu Tamil Nadu (; , TN) is the southernmost States and union territories of India, state of India. The List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of Indi ...

. It is India's fourth-largest electric two-wheeler manufacturer after

Ola Electric Ola Electric Mobility Limited is an Indian electric vehicle manufacturer headquartered in Bengaluru. Founded in 2017 by Bhavish Aggarwal, the company designs and manufactures Electric motorcycles and scooters, electric two-wheelers, including the ...

TVS Motor Company TVS Motor Company is an Indian Multinational corporation, multinational motorcycle manufacturer headquartered in Chennai. It is the third-largest motorcycle company in India by revenue. The company has annual sales of three million units and an ...

and

Bajaj Auto Bajaj Auto Limited ( ) is an Indian multinational automotive manufacturing company based in Pune. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj (1889–19 ...

. It has also established an electric vehicle charging network across India called Ather Grid.

History

Ather Energy was founded in 2013 by Tarun Mehta and Swapnil Jain. In early 2014, it received from the Technology Development Board under the Department of Science and Technology,

IIT Madras The Indian Institute of Technology Madras (IIT Madras or IIT-M) is a public technical university located in Chennai, Tamil Nadu, India. It is one of the eight public Institutes of Eminence of India. As an Indian Institute of Technology (IIT), ...

and Srini V Srinivasan, an IIT alumnus and founder of Aerospike. In December 2014,

Flipkart Flipkart Inc. is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as con ...

founders,

Sachin Bansal Sachin Bansal (born 5 August 1981) is an Indian entrepreneur. He is best known as the founder of Flipkart During his over 11 year career at Flipkart, Bansal was CEO and chairman. In 2018, Bansal exited Flipkart following the Walmart deal. In ...

and

Binny Bansal Binny Bansal (born 1982/1983) is an Indian billionaire Internet entrepreneur. As of February 2024, his net worth was estimated at US$1.4 billion. In 2007 he co-founded the e-commerce platform Flipkart. He was the chief operating officer until ...

, invested $1 million as seed capital. In May 2015, it received $12 million from

Tiger Global Tiger Global Management, LLC (often referred to as Tiger Global and formerly known as Tiger Technology) is an American investment firm founded by Chase Coleman III, a former Tiger Management employee under Julian Robertson, in March 2001. It ma ...

for investments in development, testing, production and the launch of the vehicle. On 23 February 2016, the company unveiled its first scooter, the S340, at a technology conference Surge in

. Hero MotoCorp invested in the Series B round of funding in October 2016. It invested again in 2018 to the tune of . In May 2019, Ather Energy raised $51 million in another round of funding, led by

's investment of $32 million. Hero MotoCorp converted its

convertible debt In finance, a convertible bond, convertible note, or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in ...

of $19 million as a part of this round. In addition to this, InnoVen Capital extended an $8 million

venture debt Venture debt or venture lending (related: "venture leasing") is a type of debt financing provided to venture-backed companies by specialized banks or non-bank lenders to fund working capital or capital expenses, such as purchasing equipment. Ventu ...

. In December 2019, Ather Energy signed an MoU with the

Government of Tamil Nadu The Government of Tamil Nadu () is the administrative body responsible for the governance of the Indian state of Tamil Nadu. Chennai is the capital of the state and houses the state executive, legislature and head of judiciary. Under the Const ...

to set up a manufacturing plant for electrical vehicles in

. The invested amount will be around . The company added two new products to its portfolio, the Ather 450X and the Ather 450 Plus, in January 2020. In July 2020, Ather Energy raised $11.4 million from Hero MotoCorp, as a part of its Series C round funding. In November 2020, Ather Energy raised a fresh round of as a part of the Series D round, led by Sachin Bansal's investment of and $12 million by Hero MotoCorp. In September 2024, the company filed a DRHP with

SEBI The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the administrative domain of Ministry of Finance within the Government of India. It was established on 12 April 1988 a ...

for a Rs 4,500 crore ($536.2 million) IPO at a valuation of $2.5 billion. The company said it will sell new shares worth $370 million in the IPO as well as up to 22 million shares from existing investors. In May 2025, Ather Energy opened its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO) and listed on NSE and BSE.

Production and infrastructure

On 2 January 2021, Ather Energy began operations at its production facility in Hosur, Tamil Nadu. The new Ather factory has an annual capacity of 110,000 scooters and 120,000 battery packs. The company currently has a presence in 27 cities across 15 states. Ather Energy also established Ather Grid, an electric vehicle charging infrastructure. The company has set up over 1000 fast charging points in 80+ cities across India as of May 2023.

Products

Ather 450S

The Ather 450S was launched on 11 August 2023, with a 5400-watt PMSM motor that generates a torque of 22 Nm. It offers a range of 115 km and a true range of 90 km on a single charge, and it has a top speed of 90 km/h. It takes 6 hours 36 minutes from 0–80% and 8 hours 36 minutes from 0–100% with a portable home charger. It has features like an emergency stop signal (ESS), Vehicle FallSafe, a guide-me-on light, Trip Planner, and Theft & Tow Alerts.

Ather 450X

Ather 450X has a 4G SIM card and Wi-Fi, along with Bluetooth connectivity and the new 7” touchscreen dashboard. It comes with a

color depth Color depth, also known as bit depth, is either the number of bits used to indicate the color of a single pixel, or the number of bits used for each color component of a single pixel. When referring to a pixel, the concept can be defined as bit ...

of 16 million and a Snapdragon Quad Core processor. Ather 450X utilizes Android Open Source to offer map navigation, on-board diagnostics and features like Over-the-air updates, auto-indicator off and guide-me-home lights. The Ather mobile app offers charging status, push navigation, theft & tow detection, live location & vehicle state tracking, a voice assistant and welcome lights. Ather 450X supports connected accessories like smart helmets and tire-pressure monitoring systems (TPMS).

Ather 450

The Ather 450 is constructed using an all-aluminum frame, comes with a 3.3 kW/5.4 kW peak (7.2 BHP)

brushless DC electric motor A brushless DC electric motor (BLDC), also known as an electronically commutated motor, is a synchronous motor using a direct current (DC) electric power supply. It uses an electronic controller to switch DC currents to the motor windings, p ...

, and a 2.4 kWh

lithium-ion battery A lithium-ion or Li-ion battery is a type of rechargeable battery that uses the reversible intercalation of Li+ ions into electronically conducting solids to store energy. Li-ion batteries are characterized by higher specific energy, energ ...

pack. The scooter can accelerate to 40 km/h in 3.9 seconds, attain a top speed of 80 km/h, and can travel 75 km on one charge in city-riding conditions (107 km in the Indian driving cycle).

Ather Rizta

The Ather Rizta is a family electric scooter launched in 2024. It comes with a 3.7kWh Lithium-Ion battery pack which gives a range of 160 km on a full charge with a top speed of 80Km/h and has an acceleration of 0 to 40 kmph in just 3.7 seconds. It comes with 34L of storage space.

Other services

OTA updates

Ather Energy provides over-the-air (OTA) updates for its electric scooters. Ather Energy has rolled out 13 OTA updates as of 2020.

Ather Grid

Ather has set up its own charging network, dubbed Ather Grid, in 18 cities across India. These DC-fast-charging stations use Ather's proprietary charging method and connector to charge the Ather scooters at a rate of 1 km/min. The charging points are also equipped with a 3-pin socket to supply AC power to other electric vehicles that do not use Ather's connector. Other vehicles can connect to the charging point and start charging using the Ather Grid app for iOS and Android. More than 120 fast charging grid points are installed across 18 cities in India. Ather has plans to set up around 300 fast charging stations across India by the end of 2021. Ather also sets up a home charging point at customer's homes which will charge the Ather 450X overnight.

Ather Space

Ather Energy operates Experience Centers through its licensed dealer network. Ather currently has over 175 experience centers in 96 cities in India. "Ather Energy selects Siemens Xcelerator portfolio to speed development of electric mobility solutions"
''Siemens.'' Retrieved January 12, 2025.

References

External links

* {{Automotive industry in India Electric vehicle infrastructure developers Manufacturing companies based in Bengaluru Electric vehicle battery manufacturers Electric vehicle manufacturers of India Battery electric vehicle manufacturers 2013 establishments in Karnataka Vehicle manufacturing companies established in 2013 Scooter manufacturers Electric scooters Electric vehicle industry Companies listed on the Bombay Stock Exchange Companies listed on the National Stock Exchange of India 2025 initial public offerings