Ather Energy
Indian electric two-wheeler manufacturer and charging-network operator.
Last updated October 26, 2026
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Overview
Ather Energy is an Indian electric two-wheeler company headquartered in Bengaluru. Founded in 2013 by Tarun Mehta and Swapnil Jain, the company develops, manufactures, sells and services electric scooters, while also operating supporting software, charging and retail infrastructure. Its best-known product family is the Ather 450 series, which established the brand as a technology-led entrant in India's electric-scooter market. The company later broadened its range with the Ather Rizta, a family-oriented electric scooter aimed at customers seeking more practicality and storage. Ather's differentiation has historically rested on integrating the vehicle, digital interface, mobile application, charging ecosystem and ownership experience rather than treating the scooter as a standalone hardware product. Its scooters have used connected dashboards, navigation, diagnostics, Bluetooth and cellular connectivity, app-based vehicle monitoring, theft and tow alerts, and over-the-air software updates. Ather Grid, the company's branded public charging network, was created to reduce charging friction for Ather customers and to provide selected charging access for other electric vehicles. Ather also operates Ather Space experience centers through its retail and dealer network. The company began with institutional and technology-oriented backing. In 2014 it received support from India's Technology Development Board, IIT Madras and entrepreneur Srini V. Srinivasan. Flipkart founders Sachin Bansal and Binny Bansal provided seed capital in December 2014, followed by Tiger Global funding in 2015. Hero MotoCorp became a major strategic investor through funding rounds in 2016 and 2018 and continued participation in later financing. These investments supported product engineering, testing, manufacturing development and market expansion. Ather publicly unveiled its first scooter concept, the S340, in February 2016. The production-oriented 450 family became the central pillar of the business, with the Ather 450X and 450 Plus introduced in 2020 and the more accessible 450S introduced in 2023. A manufacturing agreement with the Government of Tamil Nadu preceded the establishment of the company's Hosur production facility, which began operations in January 2021. The facility was described as having annual capacity for 110,000 scooters and 120,000 battery packs. In 2024 Ather launched the Rizta, extending the brand into the family scooter segment with a larger practical-storage proposition. The company subsequently filed a draft red herring prospectus with India's securities regulator in 2024 and opened its initial public offering in May 2025, according to the supplied reference material. Ather was reported as listed on the National Stock Exchange of India and BSE following the offering; a verified exchange ticker is not supplied here. Its ongoing business includes electric-scooter sales, financing and ownership services, connected software, charging infrastructure, accessories and retail experiences across India.
History
Ather Energy was established in Bengaluru in 2013 by Tarun Mehta and Swapnil Jain. The founders pursued an integrated electric-mobility model combining vehicle engineering, software, charging and customer experience. Early support came from India's Technology Development Board, IIT Madras and IIT alumnus Srini V. Srinivasan. In December 2014, Flipkart founders Sachin Bansal and Binny Bansal invested seed capital, and Tiger Global followed with funding in 2015 to support development, testing, production preparation and launch activities. The company unveiled its first scooter, the S340, at a Bengaluru technology conference on 23 February 2016. This prototype and its successors helped establish Ather's reputation for connected dashboards, software-enabled vehicle functions and a more premium design approach than many early electric two-wheeler offerings. Hero MotoCorp invested ₹180 crore in Ather's Series B financing in October 2016 and invested a further ₹130 crore in 2018. Hero later remained involved in subsequent financing, becoming one of the company's principal strategic backers. Ather raised a further $51 million in May 2019. The round included investment led by Sachin Bansal, conversion of Hero MotoCorp convertible debt and venture debt from InnoVen Capital. In December of the same year, Ather signed an agreement with the Government of Tamil Nadu concerning a 400,000-square-foot electric-vehicle manufacturing plant in Hosur. The project was associated with an announced investment of approximately ₹635 crore at the time. Product development continued with the Ather 450X and Ather 450 Plus, introduced in January 2020. The company continued raising capital during the year, including an $11.4 million investment from Hero MotoCorp in July and a Series D round of ₹260 crore in November. Ather's product strategy centered on a connected scooter platform: its vehicles incorporated touchscreens, navigation, mobile connectivity, diagnostics, Bluetooth, app integration and software updates delivered over the air. The company also developed Ather Grid, a branded network of public charging locations, and Ather Space, a network of customer-facing experience centers. The Hosur factory began operations on 2 January 2021. The facility was described as having annual capacity for 110,000 scooters and 120,000 battery packs. During this period Ather expanded its retail and charging footprint across Indian cities and states, while continuing to offer home charging for customers. The 450 platform remained the core of the range, with successive versions positioned at different points in the electric-scooter market. On 11 August 2023, Ather launched the 450S. The model used a 5,400-watt permanent-magnet synchronous motor and was presented with connected safety and convenience functions including emergency stop signaling, fall detection-related protection, theft and tow alerts, navigation and a guide-me-home light. In 2024 the company introduced the Ather Rizta, a family-oriented scooter with greater emphasis on seating practicality and storage. The Rizta expanded Ather beyond the sportier 450-derived identity and addressed a broader household-use case. Ather filed a draft red herring prospectus with SEBI in September 2024 for a proposed ₹4,500 crore initial public offering. The filing described a primary share issue and a possible offer for sale by existing investors. The supplied reference material states that the IPO opened in May 2025 and that Ather was listed on the NSE and BSE. Ather therefore represents a transition from venture-backed electric-vehicle startup to publicly listed Indian mobility manufacturer, while retaining its focus on electric scooters, connected services, charging infrastructure and direct customer experience.
- 2025
IPO and stock-market listing
[1]The supplied reference material reports that Ather opened its IPO in May and was listed on the NSE and BSE.
- 2024
Ather Rizta launched
[1]Ather introduces the Rizta family electric scooter and files a draft prospectus for a proposed IPO.
- 2023
Ather 450S launched
[1]The company launches the Ather 450S, adding another variant to its core 450 platform.
- 2021
Hosur factory begins operations
[1]Ather starts production operations at its Hosur facility in Tamil Nadu.
- 2020
450X and 450 Plus introduced
[1]Ather expands its scooter range with the Ather 450X and Ather 450 Plus.
- 2019
Tamil Nadu manufacturing agreement
[1]Ather signs an agreement with the Tamil Nadu government for an electric-vehicle plant in Hosur.
- 2016
S340 unveiled and Hero MotoCorp becomes investor
[1]Ather presents the S340 prototype in Bengaluru and later receives Series B investment from Hero MotoCorp.
- 2015
Tiger Global invests in development
[1]Tiger Global provides funding intended to support product development, testing, production and launch.
- 2014
Early technology and seed financing
[1]Ather receives support connected with the Technology Development Board, IIT Madras and Srini V. Srinivasan, followed by seed investment from Sachin and Binny Bansal.
- 2013
Ather Energy is founded
[1]Tarun Mehta and Swapnil Jain establish Ather Energy in Bengaluru to develop electric two-wheelers and related technology.
Products and positioning
Technology-led, connected and performance-oriented electric mobility with an integrated scooter, software, charging and ownership experience.
Electric scooter
Ather 450
The original 450 platform used an aluminum frame, an electric motor and a lithium-ion battery pack. It was positioned as a performance-oriented urban scooter, with a claimed 80 km/h top speed and city-riding range figures supplied by the reference material. The model helped define Ather's early emphasis on responsive handling, connected technology and an integrated digital ownership experience.
Electric scooter · 2020
Ather 450X
Introduced in 2020, the 450X is a connected electric scooter built around Ather's 450 architecture. Its specified equipment includes a seven-inch touchscreen dashboard, 4G and Wi-Fi connectivity, Bluetooth, navigation, diagnostics, over-the-air updates and mobile-app integration. The app can provide charging information, location and vehicle-state tracking, push navigation, theft and tow notifications and other ownership functions. The model is a principal expression of Ather's technology-focused positioning.
Electric scooter · 2020
Ather 450 Plus
The 450 Plus was introduced alongside the 450X in January 2020 as a related 450-series model. It extended Ather's connected electric-scooter offering to another price and specification position while retaining the platform's urban-performance orientation. Detailed current specifications are not provided in the supplied reference material.
Electric scooter · 2023
Ather 450S
Launched on 11 August 2023, the 450S uses a 5,400-watt permanent-magnet synchronous motor with stated torque of 22 Nm. The supplied reference describes a 115 km claimed range, a 90 km true range, a 90 km/h top speed and portable-charger times of 6 hours 36 minutes to 80 percent and 8 hours 36 minutes to full charge. Its feature set includes emergency stop signaling, Vehicle FallSafe, a guide-me-home light, Trip Planner and theft and tow alerts.
Family electric scooter · 2024
Ather Rizta
Launched in 2024, the Rizta broadens Ather's range beyond its sportier 450 identity. It is designed as a family scooter with a 3.7 kWh lithium-ion battery, a stated range of up to 160 km, an 80 km/h top speed, 0-to-40 km/h acceleration in 3.7 seconds and 34 liters of storage. The model emphasizes everyday usability and carrying practicality.
Electric-vehicle charging network
Ather Grid
Ather Grid is the company's branded public charging network for electric two-wheelers. The reference material describes DC fast-charging points using Ather's charging method and connector, with charging performance expressed as approximately one kilometer of range per minute. Locations also include a three-pin AC socket for other vehicles, and access can be managed through the Ather mobile application.
Retail and experience-center network
Ather Space
Ather Space refers to Ather's customer experience centers operated through its licensed retail and dealer network. These locations support product discovery, demonstrations, sales and ownership engagement. The supplied reference material describes a network exceeding 175 experience centers in 96 Indian cities, though the date for that count is not specified.
Brand decisions
2024
Launch of the Ather RiztaProduct launchBackground
Ather sought to reach customers looking for a more practical, family-oriented electric scooter rather than a primarily performance-oriented model.
Action taken
The company launched the Rizta with a larger storage proposition and family-use positioning.
Aftermath
The Rizta broadened Ather's product scope beyond the 450-derived range.
2024
Preparation for public listingOtherBackground
After years of venture and strategic investment, Ather pursued access to public equity markets.
Action taken
Ather filed a draft red herring prospectus with SEBI for a proposed IPO involving new shares and a possible sale by existing investors.
Aftermath
The supplied reference material states that the IPO opened in May 2025 and that the company was subsequently listed on the NSE and BSE.
Proposed IPO size. ₹4,500 crore proposed issue; figures in the filing included a primary issue and up to 22 million shares offered by existing investors (September 2024 draft prospectus)
2023
Launch of the Ather 450SProduct launchBackground
Ather continued to develop variants of its core electric-scooter platform for different customer and price positions.
Action taken
The company launched the Ather 450S with a connected safety and convenience feature set.
Aftermath
The 450S extended the 450 family with a separately positioned model.
2020
Expansion of the 450 product familyProduct launchBackground
Ather sought to broaden its connected electric-scooter range while preserving the 450 platform as the center of its product identity.
Action taken
The company introduced the Ather 450X and Ather 450 Plus.
Aftermath
The two models became part of Ather's principal scooter portfolio and supported continued market expansion.
2019
Commitment to domestic electric-vehicle manufacturingStrategyBackground
Ather needed dedicated production capacity as it moved from prototype development toward scaled electric-scooter manufacturing.
Action taken
The company signed an agreement with the Government of Tamil Nadu to establish a 400,000-square-foot manufacturing plant in Hosur.
Aftermath
The Hosur facility began operations in January 2021 and was described as having annual capacity for 110,000 scooters and 120,000 battery packs.
Announced investment. Approximately ₹635 crore announced for the project (2019 announcement)
Recent events
Reported
Ather Energy reports its first quarterly profit[3]
Ather Energy posted its first quarterly profit, according to the report headline.
Reported
Ather Energy launches fifth-generation Bedrock Battery platform[4]
Ather Energy announced the fifth-generation Ather Bedrock Battery platform, which offers BreachSense, a real-time monitoring system designed to detect microscopic damage following a high-impact accident within hours, and has five times higher cell-balancing capability than the previous generation. Ather expects batteries to reach 70% state of health at approximately 1L to 1.2L KMs, compared to around 80,000 to 1,00,000 km for the previous generation.
Reported
Ather Energy unveils Konarc scooter[4]
Ather Energy announced Konarc, its newest scooter, the first product built on its new EL platform, targeted at mainstream Indian riders. Konarc is available in six variants across the S and Z product lines with IDC range options from 100 km to 200 km, and all variants come with the fifth-generation Bedrock Battery and a 10-year/1,00,000 km warranty with a 70% state-of-health guarantee.
Reported
Ather Energy announces second manufacturing plant in Hosur[5]
Ather Energy announced a second electric-vehicle manufacturing plant in Hosur, Tamil Nadu, with stated annual capacity of 280,000 scooters. Production at the new plant was planned to begin in 2022.
- Unconfirmed
Reported
Ather Energy opens second Hyderabad retail store[6]
Ather Energy opened its second retail store in Hyderabad, with the facility set up with Pride Motors at Mamatha Nagar, Nagole X Road.
- Unconfirmed
Reported
Ather Energy opens an experience centre in Coimbatore[7]
Ather Energy opened an experience centre at Ramnagar in Coimbatore, entering the city's retail market.
Reported
Ather Energy opens retail outlet in Tiruchi[8]
Ather Energy opened a retail outlet at Thillai Nagar in Tiruchi in association with Vela Automobiles.
Reported
Ather to discontinue Ather 450 sales[9]
Ather Energy said it would stop selling its Ather 450 scooter in Bengaluru and Chennai on November 28, replacing it with the Ather 450X and Ather 450 Plus.
- Unconfirmed
Reported
Ather Energy raises USD 35 million in Series D funding[10]
Ather Energy raised USD 35 million in a Series D funding round led by Sachin Bansal, with Hero MotoCorp also investing USD 12 million.
Reported
Ather Energy reduces the price of the 450 Plus[11]
Ather Energy reduced the price of its Ather 450 Plus e-scooter by Rs 9,000, from Rs 1.49 lakh to Rs 1,39,990.
Sources15 sources
- 1Ather Energyen.wikipedia.org
- 2Ather Energy official websiteatherenergy.com
- 3Ather Energy公布首次季度盈利news.google.com
- 4Ather Energy推出第五代Bedrock电池平台thehindu.com
- 5Ather Energy宣布在霍苏尔建设第二家制造工厂fonearena.com
- 6Ather Energy在海得拉巴开设第二家零售店thehindu.com
- 7Ather Energy在哥印拜陀开设体验中心thehindu.com
- 8Ather Energy 在蒂鲁吉开设零售门店thehindu.com
- 9Ather将停止销售Ather 450thehindubusinessline.com
- 10Ather Energy完成3500万美元D轮融资financialexpress.com
- 11Ather Energy下调450 Plus售价thehindubusinessline.com
- 12Ather为450系列电动滑板车推出深色模式更新financialexpress.com
- 13Ather Energy任命Deepak Jain为首席财务官business-standard.com
- 14Ather Energy Limited Reports Standalone and Consolidated Financial Results for Q2 and H1 FY 2026-27 with Return to Profitabilityequitybulls.com
- 15Ather Energy raises Rs 260 crore in fresh funding by Sachin Bansal and Hero MotoCorp | Autocar Indiaautocarindia.com
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