Ather Energy's INR 29.81 Billion IPO Signals A Bold New Phase In India’s EV Revolution
- By Gaurav Nandi
- April 24, 2025
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.
Keeway Hypevolt-R E-Scooter With 180km Range Launched At INR 199,000
- By MT Bureau
- July 03, 2026
Keeway India has launched the Hypevolt-R, an electric scooter priced at INR 199,000 (ex-showroom) with bookings starting at INR 5,000.
The Hypevolt-R features a 5 kWh dual-battery architecture with a claimed range of 180 km and an in-vehicle charging system that reaches 80 percent charge in approximately 3 hours. It utilises a mid-mounted motor producing 12 kW of power, enabling acceleration from zero to 40 kmph in 2.3 seconds and a top speed of 115 kmph.
Vikas Jhabakh, Managing Director, Keeway India, said, “The Hypevolt-R represents a significant milestone in Keeway's journey in India. Today's electric mobility customer is no longer looking only for efficiency; they seek performance, technology, design and everyday practicality in one complete package. With the Hypevolt-R, we have created a premium electric scooter that delivers thrilling acceleration, intelligent rider technologies and exceptional usability without compromise. We believe it will redefine expectations from performance electric scooters in India.”
The Hypevolt-R comes with Traction Control, Dual-Channel ABS, Blind Spot Detection, a Rear Reverse Camera and Hill Hold and Hill Descent Control. It features 14-inch alloy wheels, 130 mm of ground clearance, a 770 mm seat height and 27 litres of under-seat storage.
The e-scooter is equipped with a 5-inch TFT display, Bluetooth connectivity and USB charging ports. The Hypevolt-R can be had in Crystal White and Platinum Grey colour options.
The company says the e-scooter is designed for urban commuting and weekend use, offering three riding modes: Eco, Normal and Sport.
Hyundai Motor India Introduces BaaS Model For Creta Electric At INR 1.09 Million
- By MT Bureau
- July 02, 2026
Hyundai Motor India (HMIL), one of the leading passenger vehicle manufacturers, has launched a Battery-as-a-Service (BaaS) ownership model for the Creta Electric. Under the BaaS model, the Creta Electric is available at a starting price of INR 1.09 million (ex-showroom), with battery repayments starting from INR 3.9 per kilometre.
Alongside the BaaS model, the company has updated the Creta Electric with an integrated side foot step. Additionally, Home Charger (HC) variants now include a 7.4 kW wall box charger to assist with home charging requirements.
The Creta Electric SUV is available with two battery options: 51.4 kWh and 42 kWh. It offers a range of up to 510 km (ARAI certified) and supports DC fast charging, allowing a 10–80 percent charge in 39 minutes. Other features include Vehicle-to-Load (V2L) technology, SmartSense Level 2 ADAS, i-Pedal for single-pedal driving, a digital key, and active air flaps. The battery is covered by a warranty of 8 years or 160,000 km.
Tarun Garg, MD & CEO, Hyundai Motor India, said, “At HMIL, we believe the future of mobility must be accessible, intelligent and customer centric. The introduction of Battery-as-a-Service for the Hyundai Creta Electric is a transformational step towards democratising electric mobility in India. By significantly reducing the initial acquisition cost and offering flexible battery rental plans, we are enabling more customers to confidently transition to EVs while enjoying Hyundai’s trusted technology, safety and innovation.”
Ather Energy Launches 450X Overtones Series And Upgrades
- By MT Bureau
- July 01, 2026
Bengaluru-headquartered electric vehicle company Ather Energy has introduced the 450X Overtones Series, featuring a tone-on-tone treatment across three colourways: Still White, Space Grey and Lunar Grey.
Over the years, the company’s e-scooter lineup has received multiple hardware and software updates, including features such as AutoHold, Magic Twist and Multi Mode Traction Control. Ather has also implemented Infinite Cruise, which facilitates speed management across varied terrains.
Ather Energy’s recent rollout of Atherstack 7 includes new safety features such as CrashAlert that detects accidents and notifies emergency contacts. ParkSafe for providing warnings regarding parking zones and LockSafe, which enables motor immobilisation via the app.
Additionally, the company is introducing a 900W charger, which decreases 450 charging times by 30 percent.
Bengaluru-based electric vehicle maker Ola Electric has announced that it registered 16,144 electric two-wheelers in June 2026, as compared to 20,697 units for the same period last year.
For Q1 FY2027, the retail sales came to 43,719 units, as compared to 22,252 units sold in Q4 FY2026.
“Q1 FY27 marks a significant milestone in our growth journey, with registrations doubling sequentially and June registering 16,144 vehicles - our strongest monthly performance in recent quarters. The sustained momentum reflects the success of our operational improvements, strong product portfolio and continued customer preference for Ola Electric. We remain focused on accelerating EV adoption through technology leadership, manufacturing scale and delivering a differentiated ownership experience," the company said in a statement.
Ola Electric attributes its performance to improvements in retail execution and product availability.
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