Ather Energy Limited
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Ather Energy Limited - overview
Established
2013
Location
Bangalore, Karnataka, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
Based in Bengaluru, India, and founded in 2013 by co-founders Tarun Mehta (CEO) and Swapnil Jain, Ather Energy Limited operates as a provider of electric two-wheeler vehicles, accessories, and merchandise. In August 2024, Ather Energy Private Limited raised USD 71 million in venture funding from new investor National Investment and Infrastructure Fund. The company provides a wide range of electric scooters, such as the Ather 450 Series, including models like the 450X and 450 Apex. Additionally, the firm also provides services such as smart helmets and accessories such as throttle grip covers, seat covers, floor mats, and frunk.
The company generates revenue primarily from the sale of its electric scooters, smart helmets, and charging solutions through its e-commerce platform. Prices for its products, such as the Ather 450 Series electric scooters, range from INR 1,15,599 for the 450S model to INR 1,94,999 for the 450 Apex model.
Current Investors
Hero MotoCorp Ltd, Tiger Global Management, InnoVen Capital
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.atherenergy.com/
Verticals
Cloud Computing, E-commerce, Electric & Hybrid Vehicles, Manufacturing
Company Stage
Series F
Total Amount Raised
Subscriber access only
Ather Energy Limited - timeline of key events
Ather Energy Limited - financials
| Fiscal Year Ended | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | 42,378,418 | 353,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | 733.0% | - | - | - |
| EBITDA (USD) | (4,297,234) | (45,440,551) | (147,555,811) | (317,826,937) | (915,900,351) | (1,743,000,000) | - | - | - |
| Operating Income (USD) | (4,649,494) | (51,369,043) | (170,353,182) | (366,785,729) | (1,016,562,006) | (1,990,000,000) | - | - | - |
| Operating Margin | - | - | - | - | (2398.8%) | (563.7%) | - | - | - |
| % EBITDA Margin | - | - | - | - | (2161.2%) | (493.8%) | - | - | - |
| NET Income (USD) | (3,135,706) | (44,751,123) | (161,480,527) | (366,540,910) | (1,074,724,385) | (2,199,000,000) | - | - | - |
| % Net Margin | - | - | - | - | (2536.0%) | (622.9%) | - | - | - |
Ather Energy Limited - employee data
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