Ather Energy Ltd. IPO: Key Details

We are a pioneer in the Indian electric two-wheeler (“E2W”) market, according to the CRISIL Report. We designand develop E2Ws, battery packs, charging infrastructure, associated software and accessories, while wemanufacture our battery packs and assemble our E2Ws in-house. Our Company was founded by Tarun SanjayMehta and Swapnil Babanlal Jain in 2013, with a focus on product and technology development in India in orderto build an E2W ecosystem. We are a pure play EV company that designs all our products ground-up in India. Wesold 109,577 E2Ws in Fiscal Year 2024. According to the CRISIL Report, in Fiscal Year 2024, we were the thirdlargest player by volume of E2W sales.