Bengaluru-based Ather Energy is charging into the public market with an INR 29.81 billion initial public offering (IPO), marking a pivotal moment in the evolution of India’s electric mobility space. The IPO, which opens for public bidding on April 28 and closes on April 30, reflects growing confidence in India’s electric vehicle (EV) market, even as global trade dynamics remain uncertain.
Priced between INR 304 and INR 321 per equity share, Ather’s offering consists of a fresh issue worth INR 26.26 billion and an Offer for Sale (OFS) of approximately INR 3.55 billion. Early stakeholders offloading shares include co-founders Tarun Mehta and Swapnil Jain, as well as prominent institutional investors such as Caladium Investment, National Investment and Infrastructure Fund II and Hero MotoCorp-backed venture arms.

A Strategic Leap 
Founded in 2013, Ather Energy has built a reputation for innovation and quality in the Indian two-wheeler segment. Best known for its flagship 450X electric scooter and the recently launched family-oriented Rizta, Ather has maintained a premium positioning in a price-sensitive market, a feat achieved through a blend of robust design, cutting-edge tech and consistent consumer engagement.
Now, as the company seeks to raise capital for the next leg of its journey, the strategic intent behind the IPO is clear. Proceeds from the fresh issue will be used to ramp up manufacturing capacity, enhance the product portfolio, pare down debt and invest in corporate infrastructure. This expansion is crucial for Ather to retain its competitive edge against deep-pocketed rivals, including legacy automakers and well-funded start-ups.

Driving Growth
At a recent press conference, Chief Executive Officer Tarun Mehta struck an optimistic note on the state of India’s EV ecosystem. “While the entire tariff situation is open, in our opinion, the Indian consumer story, specifically the EV adoption story, remains unchallenged because it’s driven by very secular truths,” he said.
Mehta highlighted three primary factors underpinning the surge in electric two-wheeler adoption including a significantly lower total cost of ownership, greater ease of use and long-term structural shifts favouring clean mobility. These drivers provide insulation against short-term geopolitical disruptions and policy volatility.
That confidence appears to be resonating with both retail and institutional investors with many market watchers calling the IPO a barometer of the Indian EV market’s maturity.

IPO Mechanics and Market Positioning
The offering is being made under Regulation 6(2) of the SEBI ICDR Regulations via a 100 percent book-building process with shares set to list on both the BSE and the NSE. Anchor investor bidding opens on April 25, ahead of the general subscription window.
 

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Euler Motors and Jio-bp have signed a Memorandum of Understanding (MoU) to expand electric vehicle (EV) charging infrastructure across logistics hubs in India. The agreement aims to improve charging accessibility for commercial fleet operators and users.

The partnership was formalised on 6 February 2026 by Rubin Pather, Jio-bp Head of Electric Mobility and Ashish Tandon, Global Head of Customer Excellence at Euler Motors.

The collaboration focuses on supporting Euler Motors’ recently launched models, the Euler TURBO EV 1000 and Euler Storm EV. Jio-bp, which operates nearly 7,000 charge points across 1,000 locations, will work with Euler Motors to:

• Identify Business Hubs: Use data to locate fleet-heavy areas with high charging demand for infrastructure deployment.
• Facilitate Site Hosting: Euler Motors will introduce Jio-bp to fleet customers interested in hosting charging stations.
• Energy Transition: Jio-bp will utilise its Trans-Connect platform to introduce its fleet customer base to Euler Motors’ vehicle offerings.

Jio-bp currently operates 480 kW chargers equipped with liquid-cooled guns. The partnership is designed to align this charging network with cargo mobility solutions to improve vehicle uptime and asset utilisation for operators.

Sarthak Behuria, Chairman, Jio-bp, said, “India’s transition towards sustainable mobility requires strong collaboration between vehicle innovation and energy infrastructure. Our partnership with Euler Motors represents a shared commitment to accelerating the electrification of commercial logistics, a segment that will play a decisive role in reducing urban emissions and improving freight efficiency. By combining Jio-bp’s growing EV charging ecosystem with Euler Motors’ purpose-built electric cargo vehicles, we aim to support India’s evolving mobility needs while contributing meaningfully to the country’s low-carbon future.”

Akshay Wadhwa, CEO, Jio-bp, added, “At Jio-bp, we are focused on building a dependable, high-performance charging network that supports the operational realities of commercial EV fleets. Our collaboration with Euler Motors allows us to align Jio-bp pulse charging infrastructure with specialised electric cargo mobility solutions that are rapidly scaling across urban logistics. Together, we are enabling fleet operators to transition confidently to electric mobility by delivering reliable charging access, optimised uptime, and enhanced operating efficiency, further strengthening India’s EV ecosystem.”

Ashish Tandon, Global Head of Customer Excellence, Euler Motors, added, “This MoU brings together two committed partners focused on addressing key challenges of charging accessibility for commercial EVs. Through shared insights and coordinated efforts, we aim to deliver impactful business solution for our customers and contribute to strengthening EV ecosystem.”

Gaurav Kumar, Director - Board, Euler Motors, said, “Scaling electric mobility in the commercial vehicle segment requires charging infrastructure to grow in step with vehicle deployment. For fleet operators, access to fast, reliable charging at high-demand logistics hubs directly impacts uptime, asset utilisation and operating economics. Our partnership with Jio-bp reflects a shared focus on building this critical infrastructure backbone, enabling fleet operators to transition to electric mobility with greater confidence and efficiency across India.”

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Greaves Electric Mobility (GEML) has been recognised by the Asia Book of Records as the first electric two-wheeler brand to ascend Kolli Hills in Tamil Nadu. The route consists of 70 hairpin bends and is utilised as a testing ground for vehicle endurance and gradient performance.

The record attempt took place on 7 January 2026 with the Ampere Nexus e-scooter completing the ascent from Belukurichi to the summit in 22 minutes and 10 seconds. Asia Book of Records officials validated the achievement on the same day.

The ascent was used to validate the company's engineering for diverse riding conditions, including steep gradients and sustained load cycles.

• Battery Technology: Utilises LFP (Lithium Iron Phosphate) chemistry, designed to operate in temperatures ranging from –40deg C to 60deg C.
• Chassis: Constructed from high-tensile steel with a dual-frame design for balance during continuous cornering.
• Powertrain: Features a motor tuned for instant torque on climbs and regenerative braking for descents.
• Software: Includes traction control systems to manage slippery surfaces.

Greaves Electric Mobility currently operates in India and Nepal, with an emerging presence in Sri Lanka, the Philippines, and Africa. The company stated that the Kolli Hills milestone demonstrates the capability of electric two-wheelers to perform beyond urban environments.

Vikas Singh, Managing Director, Greaves Electric Mobility, said, “India’s riding conditions are among the most demanding in the world, and our approach has always been to engineer electric vehicles that are built for Bharat, not just for ideal test environments. The Kolli Hills ascent is a real-world validation of that philosophy. The Ampere Nexus combines safe and durable LFP battery technology with a robust dual-frame chassis that is designed to handle steep gradients, repeated cornering, and sustained load conditions. Achievements like this reaffirm our focus on building electric mobility solutions that can perform reliably across tough terrains.”

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Omega Seiki Mobility (OSM) has launched its first high-speed electric two-wheeler, the OSM Vextra, at INR 99,900. The e-scooter marks the company’s transition from commercial electric vehicles into the personal urban mobility sector.

The company stated that Vextra is designed for daily commuting and professional use, featuring a top speed of 70 kmph and a claimed real-world range of over 110 km. OSM will utilise its network of more than 200 dealerships to distribute the vehicle across Tier I, II and III cities in India.

The e-scooter is powered by a 3 kW BLDC hub motor and a 3.45 kWh IP67-rated LMFP battery. It offers a gradeability of 12 degrees, allowing for performance on inclines and flyovers. The company claims a zero to 80 percent charge in 4 hours and a full-charge in 5 hours. It features a 3.5-inch colour LCD instrument cluster that displays battery charge and distance to empty data.

The OSM Vextra is manufactured at the company’s facility in Faridabad, which has an annual production capacity of 25,000 units. In addition to domestic sales, OSM plans to export the model to African markets. The company has also indicated plans to develop an electric motorcycle specifically for the Middle East and Africa.

Dr Uday Narang, Founder & Chairman, Omega Seiki Mobility, said, “At Omega Seiki Mobility, our goal has always been to democratise clean mobility with products that are practical, reliable and future-ready. With the launch of OSM Vextra, we are entering the fast-speed two-wheeler segment with a vehicle that balances performance, range, and affordability. Vextra reflects our commitment to build technology-led electric vehicles for everyday India – not just for metros, but for Tier 2 and Tier 3 cities where efficient mobility can truly transform lives and livelihoods.”

Gaurav Kumar, Vice-President of Strategy and Operations (2 Wheeler Business), Omega Seiki Mobility, added, “OSM Vextra represents our vision for the future of everyday mobility in India. It has been designed around how people really live, work, and move in our cities. By blending intelligent technology, refined comfort, and sustainable efficiency into one platform, we want to create an electric riding experience that feels effortless, dependable, and inspiring for the next generation of urban commuters and professionals.”

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Swedish electric performance car brand Polestar is significantly enhancing the public charging experience for its European drivers through a series of integrated services. Central to this effort is the Polestar Charge app, which now provides streamlined access to an extensive network of more than one million charging points, positioning it as one of the continent's most comprehensive systems. A key feature simplifying this process is Plug & Charge technology, which automates authentication and payment when connecting to compatible stations, offering a seamless experience at nearly a thousand locations in the UK alone.

Further expanding convenience, Polestar has become an early adopter in fully incorporating Tesla Superchargers directly into its own app and vehicle systems. This integration allows drivers to locate, access and utilise over 20,000 Superchargers across Europe without needing separate applications. Real-time availability for these stations is displayed within the car’s native Google Maps navigation, aiding in efficient route and charging stop planning.

The network itself combines major cross-border operators like IONITY, Fastned and Total with regional providers, ensuring wide coverage. For users seeking added value, a subscription option offers reduced rates at more than 80,000 fast-charging points from dozens of operators. The service's popularity is reflected in its rapidly growing user base, which saw a 30 percent rise to over 45,000 users by 2025. Together, these developments create a cohesive and user-focused charging ecosystem for Polestar owners.

Olivier Loedel, Head – Product Software Management, Polestar, said, “With Polestar Charge, we give our customers access to one of the biggest charging networks in Europe. By expanding Plug & Charge and fully integrating Tesla Superchargers, we’re improving our premium seamless charging experience even further. Our strong charging offer, integrated with the in-car navigation in Google Maps, sets us apart from many competitors.”

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