Ather Energy Limited
Founded in 2013, Ather Energy is an Indian electric two-wheeler company based in Bangalore, specializing in the design, development, and assembly of electric scooters, battery packs, and charging infrastructure, ranking 4th in E2W sales volume in India.
What Ather files
- Others58
- Investor Meet35
- Important18
- QIP/Rights/Pref.16
- Updates13
- Board Meeting9
Ather Energy launched Konarc, a new scooter with up to 200 km range. Key innovations include 5th-gen Bedrock Batteries with a 10-year/1,00,000 km warranty, AtherNode for intelligent apartment charging, and Ather True Health for vehicle reports & estimated resale value.
Ather Energy launches Konarc, a new electric scooter, to drive mainstream EV adoption. Priced from ₹99,999, it offers up to 200 km range, a 10-year/100,000 km battery warranty, and 10,000 km service intervals. Advanced features like AeBS™ and MagicKey enhance rider experience. Deliveries commence mid-September.
Ather Energy's Fund Raise Committee has successfully closed its Qualified Institutions Placement (QIP). The company allocated 1,08,15,307 Equity Shares to eligible qualified institutional buyers at an issue price of INR 1,202 per share, including a premium of INR 1,201. This capital raise totals approximately INR 1,300.05 Cr, significantly bolstering the...
Ather Energy reported robust revenue growth to ₹3,671.76 Cr, significantly cutting annual losses to ₹517.17 Cr. A successful IPO raised ₹2,626 Cr, targeting a new E2W factory, R&D, and marketing. New insurance and procurement subsidiaries are planned, though a China export ban deferred ₹24.52 Cr revenue.
Ather Energy will unveil its first mass-market scooter from the new EL platform, targeting the ₹0.01-0.0125 Cr segment. This move significantly expands its total addressable market and positions for future growth, alongside innovations in technology and charging.