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Ather Energy

Electric Two-WheelersBengaluru, India

Ather Energy designs and manufactures electric two-wheelers in India, including the 450 series and the Rizta family, alongside the AtherStack software platform and the Ather Grid public charging network. It listed on the NSE and BSE in May 2025.

1StartupFox story
2013Founded
Electric Two-WheelersSector
Aug 2026Latest coverage

Funding

Ather Energy has raised $775M across 10 disclosed rounds.

$775MRaised
$308MLatest round
10Events
RoundMay 2025reported
$308M
InvestorsPublic issue (NSE, BSE)
ValuationNot disclosed
Tap any bar to see that round
Not disclosed
May 2025Round$308MPublic issue (NSE, BSE) Not disclosed
Sep 2024Round$71MNIIF Not disclosed
May 2024Round$34MStride Ventures, founders Not disclosed
Sep 2023Round$108MHero MotoCorp, GIC Not disclosed
Jan 2022Round$128MNIIF Strategic Opportunities Fund, Hero MotoCorp Not disclosed
Nov 2020Round$35MSachin Bansal, Hero MotoCorp Not disclosed
May 2019Round$51MSachin Bansal, Hero MotoCorp, InnoVen Capital Not disclosed
Oct 2016Round$27MHero MotoCorp Not disclosed
2015Round$12MTiger Global Management Not disclosed
2014Round$1MSachin Bansal, Binny Bansal Not disclosed

Investor roster

Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.

New · Latest leadPublic issue (NSE1 round · 2025
Hero MotoCorp5 rounds · since 2016
Sachin Bansal3 rounds · since 2014
BSE)1 round · 2025
founders1 round · 2024
NIIF1 round · 2024
Stride Ventures1 round · 2024
GIC1 round · 2023
NIIF Strategic Opportunities Fund1 round · 2022
InnoVen Capital1 round · 2019
Tiger Global Management1 round · 2015
Binny Bansal1 round · 2014
Aggregated automatically from the disclosed rounds above.

Financials

Revenue and profit after tax as filed with the Registrar of Companies.

FY26Revenuefiled
₹3,672 Cr
PAT₹517 Cr loss
EBITDA
Growth+63% YoY
Basisstandalone
Tap any bar to see that year
₹ figures as filed, not restated

Leadership

TMTarun MehtaCo-founder · CEOSJSwapnil JainCo-founder · CTO
SPSohil ParekhChief Financial Officer

The Ather Energy journey

2013 · founded
Founded in Bengaluru by Tarun Mehta and Swapnil Jain to build electric two-wheelers. ↗
2014 · funding
Round — $1M at Not disclosed, led by Sachin Bansal.
2015 · funding
Round — $12M at Not disclosed, led by Tiger Global Management.
Oct 2016 · funding
Round — $27M at Not disclosed, led by Hero MotoCorp.
May 2019 · funding
Round — $51M at Not disclosed, led by Sachin Bansal.
Nov 2020 · funding
Round — $35M at Not disclosed, led by Sachin Bansal.
Jan 2022 · funding
Round — $128M at Not disclosed, led by NIIF Strategic Opportunities Fund.
Sep 2023 · funding
Round — $108M at Not disclosed, led by Hero MotoCorp.
May 2024 · funding
Round — $34M at Not disclosed, led by Stride Ventures.
Sep 2024 · funding
Round — $71M at Not disclosed, led by NIIF.
May 2025 · funding
Round — $308M at Not disclosed, led by Public issue (NSE.
6 May 2025 · ipo
Lists on the NSE and BSE at ₹328 per share. ↗
IPO Watchreported
StatusListed
Listed on the NSE and BSE on 6 May 2025 at an issue price of ₹328 per share. Source ↗

The rest of Ather Energy's profile is free

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Latest on Ather Energy

Markets & IPO
Ather Energy Reports ₹1,217 Crore Revenue in Q1 FY27 as Net Loss Narrows 71% to ₹51 Crore
3 AUG 2026 · 4 MIN READ

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Frequently Asked

What is Ather Energy?

Ather Energy designs and manufactures electric two-wheelers in India, including the 450 series and the Rizta family, alongside the AtherStack software platform and the Ather Grid public charging network. It listed on the NSE and BSE in May 2025.

Who founded Ather Energy?

Ather Energy is associated with Tarun Mehta, Swapnil Jain.

How much funding has Ather Energy raised?

Ather Energy has raised $775M across 10 disclosed rounds. The most recent was a $308M round in May 2025.

Who are Ather Energy's investors?

Disclosed investors in Ather Energy include Public issue (NSE, BSE), NIIF, Stride Ventures, founders, Hero MotoCorp, GIC, NIIF Strategic Opportunities Fund, Sachin Bansal, InnoVen Capital, Tiger Global Management, Binny Bansal.

What is Ather Energy's valuation?

Ather Energy was last reported at Not disclosed, at the time of its round in May 2025.

Is Ather Energy profitable?

Per its FY26 standalone filing, Ather Energy reported ₹3,672 Cr in revenue, with a ₹517 Cr loss.

What is the status of the Ather Energy IPO?

Listed. (As reported; not confirmed by the company.)

What is the latest news on Ather Energy?

The most recent StartupFox coverage is “Ather Energy Reports ₹1,217 Crore Revenue in Q1 FY27 as Net Loss Narrows 71% to ₹51 Crore” (3 August 2026). All stories are listed on this page.