In the rapidly evolving electric vehicle (EV) market in India, Ather Energy has emerged as one of the front-runners, captivating investors and consumers alike with its innovative approach and cutting-edge technology.

This guide delves into Ather Energy’s financial performance, history and how investors can get in on the EV action.

Ather Energy Company History

Founded in 2013 by IIT graduates Tarun Mehta and Swapnil Jain, Ather Energy stands out as one of India’s rare hardware startups. Pioneering the domain of electric scooters, the company has garnered support from prominent backers including Tiger Global and Hero Motocorp.

To provide the whole EV experience, Ather also provides personalized charging solutions for consumers at their residences, facilitating overnight charging. Augmenting this setup is AtherGrid, a robust public charging network launched in May. With 30 locations strategically positioned within a 4 km radius across Bengaluru, AtherGrid caters to the lifestyle of owners by situating charging stations at places they frequent such as tech parks, shopping malls, multiplexes, cafes, and restaurants, enabling them to charge up to 80% in just an hour.

Ather Energy Financials

Despite robust sales growth, Bengaluru-based electric vehicle (EV) manufacturer Ather Energy witnessed a significant surge in net loss, soaring over 150% to ₹864.5 crore in the fiscal year ending March 31, 2023. This compares to a loss of ₹344.1 crore in the previous fiscal year, FY22. Despite the substantial loss, the company experienced a remarkable increase in operating revenue, which grew multifold to reach ₹1,783.6 crore in FY23, up from ₹408.5 crore in FY22.

Fiscal Year Ending	Net Loss	Operating Revenue
March 31, 2022	344.1	408.5
March 31, 2023	864.5	1,783.6

How to Buy Ather Energy Shares

Currently, as a private entity, Ather Energy’s shares are not available on public stock exchanges. So you will not be able to buy Ather shares or check the Ather share price. However, interested investors can look forward to an Initial Public Offering (IPO) in the future which might happen quite soon. The company is reportedly looking at going public soon. Once that you will easily be able to buy Ather shares and check the Ather share price.

See Also: What Is Ola Share Price And How To Buy?

Factors Affecting Ather Energy’s Performance

Ather Energy’s journey in the electric vehicle (EV) market is influenced by a myriad of factors that can impact its performance, growth trajectory, and ultimately, its share price. Understanding these factors is crucial for investors and stakeholders to gauge Ather Energy’s potential and make informed decisions. Here, we explore the key elements that play a pivotal role in shaping Ather Energy’s market performance.

Government Policies and Incentives

Government initiatives and policies towards electric mobility significantly affect Ather Energy’s operations. Subsidies, tax exemptions, and support for EV infrastructure development under schemes like FAME India (Faster Adoption and Manufacture of Electric Vehicles) can enhance Ather’s market penetration. Conversely, changes in policy or reductions in incentives could pose challenges.

Technological Innovation and R&D

Ather Energy’s commitment to research and development (R&D) and technological innovation is a critical driver of its success. The company’s ability to innovate, improve battery technology, and enhance vehicle performance directly impacts its competitiveness and market share. Rapid advancements in EV technology and the ability to keep pace with these changes are essential for Ather’s sustained growth.

Market Competition

The EV market in India is becoming increasingly competitive, with numerous players entering the fray. Ather Energy competes with both established automobile manufacturers and new EV startups. The company’s ability to maintain a competitive edge through unique features, superior technology, and effective marketing strategies is crucial in attracting and retaining customers.

Supply Chain and Manufacturing Capabilities

Ather’s performance is closely tied to its supply chain efficiency and manufacturing capabilities. The availability of critical components, such as lithium-ion batteries and electronic parts, and the ability to scale production without compromising quality, are vital. Disruptions in the supply chain, whether due to geopolitical tensions, pandemics, or other factors, can adversely affect production timelines and costs.

Infrastructure Development

The development of EV charging infrastructure is a key factor that impacts Ather Energy’s performance. The availability of a widespread and reliable charging network can encourage EV adoption, benefiting Ather. The company’s initiatives in setting up Ather Grid, its charging network, are steps towards addressing this challenge.

Alternate Investment Ideas: Competitors

Ather Energy, in recent years, has significantly bolstered its presence in the electric vehicle (EV) sector, especially with its flagship models, the Ather 450X and Ather 450 Plus. This competitive arena is crowded with formidable players. Established automotive giants such as Hero MotoCorp, Bajaj Auto, and TVS Motor have started focusing towards the EV market, aiming to establish a strong foothold in this burgeoning sector. All these companies are publicly traded and have shown robust performance over the past several years. Its biggest competitor, Ola Electric also made headlines recently with its ambitious plans to go public soon.