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New Issue Monitor


(24 Apr 2025, 17:22)

Ather Energy

Pure EV player

Despite growth potential, reliance on south India, legal risks, and uncertainty around profitability may impede progress

CM RATING 40 / 100
Reckoner

Ather Energy, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, smart accessories, and supporting software systems.

The business model is built on four key pillars: (i) a vertically integrated approach to product design, (ii) a software-defined ecosystem that enhances user experience and performance, (iii) a premium market positioning, and (iv) a capital-efficient operational strategy across the value chain.

First product, the Ather 450, was launched in June 2018, which introduced connected features to the Indian E2W industry for the first time, including a 3G SIM-enabled touchscreen dashboard, an alum...



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