About Ather Energy
Ather Energy is a company based in Bengaluru (India) founded in 2013 by Tarun Mehta and Swapnil Jain.. Ather Energy has raised $502.15 million across 19 funding rounds from investors including Hero MotoCorp, Herald Investment Management and NIIF. The company has 1,620 employees as of March 31, 2024. Ather Energy operates in a competitive market with competitors including Ola Electric, Gogoro, Hero Electric, BGauss and River, among others.
- Headquarter Bengaluru, India
- Employees 1620 as on 31 Mar, 2024
- Founders Tarun Mehta, Swapnil Jain
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ather Energy Limited
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Annual Revenue
$263.43 M (USD)28.58as on Mar 31, 2024
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Net Profit
$-94.86 M (USD)23.35as on Mar 31, 2024
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EBITDA
$-67.41 M (USD)12.79as on Mar 31, 2024
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Total Equity Funding
$502.15 M (USD)
in 19 rounds
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Latest Funding Round
$71.47 M (USD), Series E
Aug 13, 2024
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Investors
Hero MotoCorp
& 27 more
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Employee Count
1620
as on Mar 31, 2024
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IPO & Listings of Ather Energy
Ather Energy is a publicly listed company on the NSE with ticker symbol ATHERENERG in India, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
66 people
Leadership Team
22 people
Sales and Marketing
17 people
Product Management Team
13 people
Human Resources and Administration
12 people
Senior Team
11 people
Finance and Accounting
10 people
Operations Team
9 people
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Funding Insights of Ather Energy
Ather Energy has successfully raised a total of $502.15M across 19 strategic funding rounds. The most recent funding activity was a Series E round of $71.47 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 19
- Last Round Series E — $71.5M
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First Round
First Round
(01 Feb 2014)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series E - Ather Energy | Valuation | NIIF |
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| Jul, 2024 | Amount | Debt – Conventional - Ather Energy | Valuation |
investors |
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| Jun, 2024 | Amount | Series E - Ather Energy | Valuation | Stride Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ather Energy
Ather Energy has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Hero MotoCorp, Herald Investment Management and NIIF. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity, infrastructure, and funds on funds focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture debt financing is extended to companies across multiple sectors.
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Founded Year | Domain | Location | |
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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ather Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ather Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ather Energy Comparisons
Competitors of Ather Energy
Ather Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ola Electric, Gogoro, Hero Electric, BGauss and River, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric scooters and motorcycles are manufactured with related accessories.
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| domain | founded_year | HQ Location |
Electric scooters are developed and battery swapping networks are operated.
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| domain | founded_year | HQ Location |
Manufacturer offering electric scooters and mobility solutions
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| domain | founded_year | HQ Location |
Retailer of electric scooters offering test rides, maintenance, and financing
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| domain | founded_year | HQ Location |
Electric scooters are designed and produced for urban mobility.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ather Energy
Frequently Asked Questions about Ather Energy
When was Ather Energy founded?
Ather Energy was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Ather Energy located?
Ather Energy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Ather Energy?
Tarun Mehta is the current CEO of Ather Energy. They have also founded this company.
Is Ather Energy a funded company?
Ather Energy is a funded company, having raised a total of $502.15M across 19 funding rounds to date.
How many employees does Ather Energy have?
As of Mar 31, 2024, the latest employee count at Ather Energy is 1,620.
What is the annual revenue of Ather Energy?
Annual revenue of Ather Energy is $263.43M as on Mar 31, 2024.
What does Ather Energy do?
Ather Energy was founded in 2013 in Bengaluru, India, and operates within the electric vehicle sector focused on two-wheeled urban transportation. Electric scooters are produced alongside charging stations to support vehicle adoption. Smart helmets with integrated features and various accessories are offered to enhance user experience. A network of charging infrastructure is maintained, complemented by roadside assistance and extended warranty services across India.
Who are the top competitors of Ather Energy?
Ather Energy's top competitors include Ola Electric, BGauss and Hero Electric.
Is Ather Energy publicly traded?
Yes, Ather Energy is publicly traded on NSE under the ticker symbol ATHERENERG.
Who are Ather Energy's investors?
Ather Energy has 28 investors. Key investors include Hero MotoCorp, Herald Investment Management, NIIF, InnoVen Capital, and Navam Capital.
What is Ather Energy's ticker symbol?
The ticker symbol of Ather Energy is ATHERENERG on NSE.
What is Ather Energy's valuation?
The valuation of Ather Energy is $979.59M as of Aug 2024.
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