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ATHER ENERGY LIMITED

Ather Energy

U40100KA2013PLC093769

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₹1,999.00 ₹3,998.00
Suggest Edit Last updated: Jan 17, 2025
Key Metrics
  • No. of Employees2685
  • Founded Year 2013
  • Company StagePublic Limited Company
  • Total Funding₹4,871.61 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About Ather Energy

Ather Energy was started in 2013 by Tarun Mehta and Swapnil Jain, two engineering graduates straight out of college with the audacity to dream and challenge the well-established Internal Combustion Engine (ICE) and replacing it with an electric drive.

Ather is one of the few start-ups in India, specifically within the automotive industry, to have products & services that are an amalgamation of clean design & engineering - Hardware & Software.

Their product offerings include the Ather 450X & Ather 450 Plus, public & private charging Infrastructure, and innovative ownership plans.They are also building a complete ecosystem for India’s electric vehicles - powered by indigenous design and all locally manufactured.

Business Model

Ather Energy is an electric scooter maker which manufactures Ather 450X models and retails them across major cities in the country. It emerged as the market leaders among Indian startups (in EV space) in terms of revenue growth in the past few years.

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Ather Energy Funding Details
Funding Highlights
Latest Funding RoundSeries G
Total Funding Raised₹4,871.61 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors4
Investors
  • Hero MotoCorp, Caladium Investment, Tiger Global, NIIF
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
Ather Energy Financial Details
Financial Highlights
FY 2023-24 Revenue₹1,789.1 Cr
FY 2023-24 Expenses₹2,674.2 Cr
FY 2023-24 Profit/Loss-₹1,059.7 Cr
Net Cash Flow From Operations-₹267.6 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
Ather Energy Key People
People Metrics
Current Core Team2
Board Members/Directors5

Core Team

TM
Tarun Mehta Co-Founder & CEO
SJ
Swapnil Jain Co-Founder

Board Members/Directors

TS
Tarun Sanjay Mehta Director
SB
Swapnil Babanlal Jain Director
NK
Niranjan Kumar Gupta Director
RK
Ram Kuppuswamy Director
PS
Pankaj Sood Nominee Director
Ather Energy Documents

AY - 2020-21

Profit and loss statement - Ather Energy - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Ather Energy for FY 2020-21
₹249.00 ₹498.00
Balance sheet - Ather Energy - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of Ather Energy for FY 2020-21
₹249.00 ₹498.00

AY - 2021-22

Profit and loss statement - Ather Energy - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Ather Energy for FY 2021-22
₹249.00 ₹498.00
Balance sheet - Ather Energy - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of Ather Energy for FY 2021-22
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - Ather Energy - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Ather Energy for FY 2022-23
₹249.00 ₹498.00
Balance sheet - Ather Energy - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of Ather Energy for FY 2022-23
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - Ather Energy - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Ather Energy for FY 2023-24
₹249.00 ₹498.00
Balance sheet - Ather Energy - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of Ather Energy for FY 2023-24
₹249.00 ₹498.00

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