Ather Energy, one of India’s leading electric scooter manufacturers, is set to launch its much-anticipated ₹3,000 crore Initial Public Offering (IPO) on April 28, 2025. The public issue marks a major milestone not only for the Bengaluru-based company but also for India’s fast-growing electric vehicle (EV) sector.
This IPO also ends a quiet phase in the Indian IPO market and could reignite investor interest in new-age mobility companies.
About Ather Energy
Founded in 2013, Ather Energy is known for its high-performance electric scooters like the Ather 450X. Backed by major investors such as Hero MotoCorp, the company has grown steadily in recent years, expanding its production capacity and retail presence across India.
Ather’s focus on technology, design, and a connected riding experience has helped it stand out in the competitive EV landscape. With this IPO, the company aims to raise funds to invest in R&D, expand charging infrastructure, and boost manufacturing capabilities.
Key Details of the IPO
- IPO Size: ₹3,000 crore
- Opening Date: April 28, 2025
- Use of Funds: Expansion of product line, charging network, tech upgrades, and general corporate purposes
Market analysts believe the offering will attract both retail and institutional investors, especially those bullish on India’s EV growth story.
A Boost for India’s EV Sector
This IPO is expected to shine a spotlight on the electric mobility space in India. With the government offering strong policy support and rising fuel costs nudging consumers toward greener options, the EV market is poised for rapid growth.
Ather’s IPO could pave the way for other startups in the sector to consider going public in the near future. It also sends a positive signal to global investors about the maturity and scalability of India’s clean-tech ecosystem.
What It Means for Investors
For investors, Ather’s public listing presents a chance to participate in India’s green mobility shift. However, as with any IPO, it’s important to evaluate risks such as market competition, regulatory changes, and the company’s path to profitability.
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