Co-founder & CTO of Ather Energy, an electric two-wheelers company based in Bengaluru.
Swapnil Jain is Co-founder & CTO of Ather Energy, an electric two-wheelers company based in Bengaluru, founded in 2013. Ather Energy's most recent disclosed round was a funding round of $308.3M in 2025-05.
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.
Founded in Bengaluru by Tarun Mehta and Swapnil Jain to build electric two-wheelers.
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.
Series D priced as a down round, a haircut of over 10% to the previous valuation, per regulatory filings.
Crosses $1 billion valuation on a $71 million round led by NIIF, reported at $1.3 billion.
Lists at a valuation of roughly ₹12,000 crore following the IPO.
Lists on the NSE and BSE at ₹328 per share.
Market capitalisation reaches about ₹24,800 crore as Tiger Global exits its entire 5.09% holding for ₹1,204 crore.
