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 an IPO of $308.3M in May 2025.
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.
Swapnil Jain is a Co-founder & CTO of Ather Energy, an electric two-wheelers company based in Bengaluru, founded in 2013.
Ather Energy's founders and leadership on record at StartupFox are Tarun Mehta and Swapnil Jain.
Ather Energy has raised $775.3M across 10 disclosed rounds on record. The latest was an IPO of $308.3M in May 2025, with Public issue (NSE, BSE).
Ather Energy is headquartered in Bengaluru, India.
StartupFox has published 1 story naming Swapnil Jain; the most recent is “Ather Energy Reports ₹1,217 Crore Revenue in Q1 FY27 as Net Loss Narrows 71% to ₹51 Crore”.
This profile is compiled by the StartupFox desk from company announcements, regulatory filings and our own reporting. If this is you, you can verify it with LinkedIn and edit it.
