Ather Energy was founded on 21st October 2013 and is headquartered in Bangalore,

Karnataka. As of Apr-Dec of fiscal 2025, Ather was the 4 th largest Electric 2-Wheeler

(“E2W”) manufacturer in India by sales volume, after Ola, TVS and Bajaj.

 Ather Energy is a pioneer in the E2W industry as they introduced the Ather 450 in

2018 with a top speed of 80 kmph, which was comparable to ICE scooters and the

highest among E2W in India in 2018. They also introduced connected features and

cloud integration through a 3G SIM card for the first time in the E2W industry in India.

In 2024 Ather Energy launched a new range of ‘Rizta’ scooters targeting the family

convenience segment. It features a large seat, WhatsApp notifications on the vehicle

dashboard, voice commands through Alexa Skills and up to 56L of storage space. They

have also introduced traction control which is a segment first feature in the E2W

market. Rizta was awarded with Autocar electric 2W of the year award in Autocar

Awards 2025.

 Ather Energy has brought about several firsts in the E2W industry by introducing

features like touchscreen dashboard with navigation, internet connectivity via 3G SIM,

aluminium chassis, fast charging and guide-me-home lights. They have also introduced

several industry first features such as traction control, fall safe, cloud integration, OTA

updates (Over-The-Air), ride statistics on app, through their software package -

AtherStack. Ather was also the first OEM to introduce an electric scooter with a high

speed of 80 kmph, first OEM to establish its own fast charging network (Ather Grid)

and the first OEM to develop a smart helmet (Halo).

 Ather Energy’s manufacturing facility is located at Hosur, Tamil Nadu. They are also

planning to set up another manufacturing plant in Maharashtra, which has a high E2W

penetration and has a strong automotive supplier base.

 In fiscal 2024, Ather Energy’s sales grew by 39.3% year-on-year to cross the 1 lakh unit

mark. Ather’s market share witnessed a growth of 25% year-on-year in Apr–Dec period

of fiscal 2025 with the 90,351 units sold compared to 71,973 units sold during the

same period in Apr - Dec fiscal 2024.

The company has built a strong dealer network with 265 Experience Centres (ECs)

across India as on December 31, 2024. They also have a dealer network present in

Nepal and Sri Lanka with 5 and 10 ECs respectively. Out of this 280 ECs globally, 3 ECs

are Company Owned Company Operated (COCO).

 The company has launched two ‘smart helmets’ under the brand ‘Halo’ with light

weight version called ‘Halo Bit’. The helmet provides seamless connectivity and

enhanced safety and is the first smart helmet designed and developed by an E2W OEM

in India. Ather sells its software and battery warranty via the Propack bundle. The

Ather Battery Protect is a comprehensive 5-year warranty plan that extends the

battery’s manufacturer warranty of 3 years by an additional 2 years.

 Ather Energy as part of its Ather Grid charging network, has a company owned

network of over 2,583 fast chargers in India, 22 in Nepal and 11 in Sri Lanka as of

December 31, 2024. Ather was the first 2-wheeler OEM to establish a two-wheeler fast

charging network in India in 2018 and has the widest footprint amongst two-wheeler

fast charging networks in India. Ather also has the provision of neighbourhood

charging which provides access to AC charging points in shared private spaces.