Ather Energy Ltd Share Price

(ATHERENERG)

Ather Energy Limited was originally incorporated as Ather Energy Private Limited dated October 21 2013 issued by the Registrar of Companies Tamil Nadu Chennai. Upon the conversion of Company into a Public Limited the name was changed to Ather Energy Limited and a fresh certificate of incorporation dated August 27 2024 was issued by the Registrar of Companies Central Processing Centre.Ather Energy has been a pioneer in the Indian electric twowheeler E2W market. The Company was founded by Tarun S Mehta and Swapnil B. Jain in 2013 focusing on product and technology development to build an E2W ecosystem. Ather Energy is a pure play EV company that designs all its products groundup in India. Ather launched its first product the Ather 450 in June 2018. With the Ather 450 it introduced connected features through a 3G SIM card touchscreen dashboard aluminium chassis and cloud integration as a pioneer in the E2W industry. It was the first E2W to offer a top speed of 80 kmph comparable to internal combustion engine ICE scooters in 2018. Their E2W portfolio currently consists of two product lines the Ather 450 and the Ather Rizta line comprising a total of seven variants. Launched in April 2024 the Ather Rizta features a large seat WhatsApp notifications displayed on vehicle dashboard voice commands through Alexa Skills up to 56 L of storage and introduced traction control to the Indian E2W market. Apart from these the Company assemble E2Ws and manufacture battery packs at manufacturing factory located near Hosur Tamil Nadu. At the Hosur Factory the Company had a total annual installed capacity of 420000 units for E2Ws and 379800 units for battery packs as at March 31 2024. E2Ws are complemented by their product ecosystem which comprises charging infrastructure accessories and the Atherstack.The Company is planning to raise funds from public through IPO aggregating upto 3100 Crore Equity Shares through Fresh Issue and by issuing upto 22000766 Equity Shares through Offer for Sale..

Listing date: 06 May, 2025
Chairperson Name: NEELAM DHAWAN