Electric two-wheeler maker Ather Energy on Saturday unveiled a new two-wheeler platform for a new generation of electric scooters across multiple segments. The company also announced a series of other significant product and technology developments, including showcasing a concept moto-scooter Redux, and AtherStack 7.0, which would alert riders to share live location, report on potholes and crashes, update them on tyre pressure, among others. Built for versatility, scalability, and cost optimisation, the new e-scooter platform is the first vehicle architecture since the launch of Ather 450, the company announced at an event here. "With the EL platform, we are laying the foundation for Ather's next phase of growth. Just as the 450 defined our first chapter, EL will define the next, enabling us to develop multiple types of scooters at scale far more efficiently," said Tarun Mehta, Co-founder & CEO, Ather Energy, at the event. This platform-first approach enables faster innovation and
Ather Energy surged 7 per cent to a record high of ₹458.60, while Ola Electric jumped 5 per cent to a five-month high of ₹57.50 on the BSE
Under the scheme, the government offers companies ₹5,000 per vehicle if they meet the PMP requirements for PM E-Drive
Ather Energy's Q1FY26 results show a significant 79% revenue surge, driven by a shift to premium products and expanded retail and charging networks, helping the company narrow losses
The company, founded in 2013, said its loss narrowed to ₹178 crore ($20.31 million) for the quarter ended June 30 from ₹183 crore a year ago
Equity shares worth around ₹32.46 trillion from nine recently listed mainboard companies will become eligible for trading in the next 2-3 months
Interarch Building shares jumped in trade today after the company announced that it has secured an order worth ₹80 crore from Ather Energy.
PLI should've been directed at startups - the real pushers of innovation, Tarun Mehta said
Rizta has surpassed 100,000 sales within a year of its unveiling in April 2024, accounting for 60% of Ather's FY2025 sales and establishing dominance in southern India
The counters of Ajax Engineering, Dr Agarwal's Health Care, Ather Energy, and Hexaware Technologies will be among the major companies in the main board space to see their lock-in periods expire
While secondary markets have wavered, primary markets have been largely dormant over the past three months, with only one initial public offering (IPO) from Ather Energy
The company reported a revenue of ₹676.1 crore in the fourth quarter, rises 29 per cent year on year(YoY) from last year's Q4 revenue of ₹523.4 crore
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The company has also received ARAI clearance to use LFP batteries which will be used in its two wheelers - which Mehta says will help in reducing costs further
Businesses not availing PLI scheme tend to be more "disciplined" in capital (allocation) besides more durable in pricing and margins, Ather Energy Co-founder and CEO Tarun Mehta said on Tuesday as the shares of his company started trading on stock exchanges after a Rs 2,981-crore public float. Mehta also sounded bullish on the domestic EV industry and said that Ather was set to play a major part in the domestic premium e-two-wheeler space with plans to expand both product offerings and distribution network. The Rs 2,981-crore initial share sale had a price band of Rs 304-321 apiece and shares listed with a premium of over 2 per cent against the issue price. The initial public offering (IPO) was a combination of a fresh issue of equity shares worth Rs 2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders. "I think not having PLI forces the business to be very disciplined with capital. PLI is not a 20-year scheme. It's another few years left.
Ather Energy shares listed at ₹326.05 per share on the BSE, and ₹328 per share on the NSE, against its issue price of ₹321 per share
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Ahead of listing, the company's shares were quoted trading at around ₹328 per share, reflecting a grey market premium (GMP) of ₹7 or 2.18 per cent over the issue price of ₹321
US markets held steady from September to February
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