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vishakha Jangir
ย โขย
Set2Scoreย โขย 11m
๐๐ผ๐ ๐๐ต๐ฒ ๐ณ๐ผ๐๐ป๐ฑ๐ฒ๐ฟ๐ ๐ณ๐ฟ๐ผ๐บ ๐๐๐ง ๐๐ผ๐ผ๐ธ ๐ผ๐ป ๐๐ต๐ฒ ๐ฐ๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ ๐ผ๐ณ ๐ฏ๐ฟ๐ถ๐ป๐ด๐ถ๐ป๐ด ๐๐บ๐ฎ๐ฟ๐ ๐ฒ๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ฐ ๐๐ฐ๐ผ๐ผ๐๐ฒ๐ฟ๐ ๐๐ผ ๐ฟ๐ฒ๐ฝ๐น๐ฎ๐ฐ๐ฒ ๐ฐ๐ผ๐ป๐๐ฒ๐ป๐๐ถ๐ผ๐ป๐ฎ๐น ๐๐ ๐ฒ๐ป๐ด๐ถ๐ป๐ฒ ๐๐ฒ๐ต๐ถ๐ฐ๐น๐ฒ๐ ? Ather Energy was founded in 2013 by Tarun Mehta and Swapnil Jain (IIT Madras alumni), headquartered in Bengaluru, Karnataka. It started with the vision of building smart, connected electric scooters for urban commuting; the first prototype Ather S340 was unveiled in 2016. Key models include Ather 450X, 450X Pro, 450S, 450 Apex, and the family-oriented Rizta. Manufacturing facilities are located in Whitefield (Bengaluru) and Hosur (Tamil Nadu); a new plant is planned in Maharashtra to expand production. Ather has built Ather Grid, a fast-charging network with over 1,000 stations across 80+ cities. It operates a direct-to-consumer model through experience centers (Ather Space) and online sales, offering over-the-air (OTA) updates for continuous scooter improvements. FY24 revenue stood at โน1,753.8 crore, but the company has reported losses due to heavy investments in R&D and infrastructure. Ather's market share grew from 11% to 15% in the electric two-wheeler segment by Q4 FY25, boosted mainly by the success of the Rizta scooter. In April 2025, Ather launched its IPO to raise โน2,981 crore with a price band of โน304โโน321 per share, valuing it at approximately $1.4 billion (lower than earlier expectations). Major stakeholder Hero MotoCorp (40% ownership) did not sell shares during the IPO. The company plans to expand strongly in northern and western India, using IPO proceeds for scaling up. Follow vishakha Jangir for more such business insights.
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