Ather Energy is an Indian electric two-wheeler manufacturer headquartered in Bangalore, Karnataka. Founded in 2013 by Tarun Mehta and Swapnil Jain, it specializes in designing and developing smart and connected electric scooters. Known for models like the Ather 450X and Ather 450 Plus, Ather has established itself as a leader in electric mobility solutions. As of August 2025, the company has raised approximately $502 million over multiple funding rounds with key investors including Hero MotoCorp and NIIF.
| Attribute | Information |
|---|---|
| Founding Date | 2013 |
| Headquarters | Bangalore, Karnataka, India |
| Founders | Tarun Mehta and Swapnil Jain |
| Revenue | INR 1,806.1 crore in FY 2023 |
| Profits | Net loss of INR 1,059 crore in FY 2024 |
| Key Investors | Hero MotoCorp, GIC, NIIF, Tiger Global Management |
| Industry | Electric Vehicles |
| Number of Employees | 1,703 employees (as of May 2025) |
Ather Energy was founded in 2013 by Tarun Mehta and Swapnil Jain, graduates from IIT Madras. Starting with a vision to transform India's mobility landscape, they embarked on developing intelligent electric scooters. The company gained early traction with an initial investment from IIT Madras and subsequent support from angel investors. In 2016, Ather unveiled its first electric scooter, the S340, at a technology conference in Bengaluru, marking a significant breakthrough in India’s electric vehicle industry. By securing substantial funding in successive rounds, Ather built in-house capabilities for manufacturing and designing crucial components, including battery packs and charging infrastructure.
Ather Energy has positioned itself as a premium electric two-wheeler manufacturer, focusing on innovation and sustainable urban transportation. The company’s key offerings, the Ather 450X and Ather 450 Plus, incorporate advanced features such as touchscreen dashboards and remote diagnostics.
As of 2025, Ather Energy remains a key player in India’s evolving electric vehicle market. With an expanding production base and ongoing R&D initiatives, Ather is poised to influence urban mobility significantly. Recent strategic initiatives include the development of a broad charging network, known as Ather Grid, and advancements in manufacturing efficiency.
Ather Energy is pivotal in India's shift towards sustainable and intelligent electric mobility. With strong roots in innovation and continuous expansion, Ather is well-positioned to leverage emerging market trends, further solidifying its status in the electric vehicle landscape. Future prospects include capitalization on EV demand growth and enhancing its technological prowess to compete on a global scale.