Ather Energy, founded in 2013 by IIT Madras graduates Tarun Mehta and Swapnil Jain, started as a technology-driven startup with the goal of transforming India’s electric vehicle (EV) landscape. Their first product, the Ather S340, launched in 2016, was India’s first high-tech electric scooter, equipped with features like a touchscreen dashboard and connected vehicle technology, aimed at addressing the challenges of range anxiety and long charging times.
Over time, Ather evolved its product lineup, with its flagship models, the Ather 450X and Ather 450S, offering better performance, longer range, and advanced features such as Google Maps integration, ride statistics, and over-the-air updates. The Ather 450X, for instance, offers a top speed of 80 km/h and can travel up to 116 km on a single charge, making it a strong contender in the premium EV market.
In addition to vehicles, Ather has developed its Ather Grid, a network of fast-charging stations designed to reduce range anxiety for electric vehicle owners. The fast chargers allow Ather scooters to charge up to 80% in just 60 minutes, making them more convenient for users.
Ather’s growth was initially supported by key investments from Hero MotoCorp and Flipkart’s co-founder Sachin Bansal, among others. This funding has enabled the company to scale its operations, expand its product range, and establish a strong presence in cities like Bangalore, Chennai, and Delhi.
In 2025, Ather Energy is taking a significant step by filing for an Initial Public Offering (IPO) to raise approximately ₹3,080 crore (around $350 million), which will help the company expand its footprint, increase production capacity, and continue innovating.
As Ather Energy moves beyond its startup roots, it remains committed to leading the EV revolution in India, offering sustainable transportation options through cutting-edge technology, robust infrastructure, and a focus on design and user experience. The upcoming IPO marks a key moment in its transition from a startup to a publicly listed company, further solidifying its place in the Indian electric vehicle industry.
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