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
$1.4BValuation · ₹12,000 crore at listing
10Events
RoundMay 2025confirmed
$308M
InvestorsPublic issue (NSE, BSE)
Valuation$1.4B (₹12,000 crore at listing)
Tap any bar to see that round
May 2025Round$308MPublic issue (NSE, BSE) $1.4B (₹12,000 crore at listing)business-standard.com ↗
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, led by Sachin Bansal.
May 2019 · milestone
Series C round reported to value the company at about $400 million, per a person familiar with the matter. The figure was not disclosed by the company. ↗
Nov 2020 · funding
Round — $35M at Not disclosed, led by Sachin Bansal.
Nov 2020 · milestone
Series D priced as a down round, a haircut of over 10% to the previous valuation, per regulatory filings. ↗
Jan 2022 · funding
Round — $128M at $739M (reported), 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 $1.3B (reported), led by NIIF.
Sep 2024 · milestone
Crosses $1 billion valuation on a $71 million round led by NIIF, reported at $1.3 billion. ↗
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 $1.4B (₹12,000 crore at listing), 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.
StartupFox
AgilitasSportswear / Athleisure
Ethereal MachinesAdvanced Manufacturing / DeeptechJJava SportsSports Equipment / Manufacturing
30 SundaysTravel Technology