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Ather Energy Electric Scooter Project

Sector: Electric Vehicles (EVs) • Location: Hosur, Tamil Nadu, India

Source: Moneycontrol.com

Project
Completed

Ather Energy, founded in 2013 by IIT Madras graduates Tarun Mehta and Swapnil Jain, developed India's first smart electric scooter with a seven-inch touchscreen and a full software ecosystem. The project focused on building a mainstream electric scooter competing with the entire two-wheeler market, achieving over 90% localization in components except battery cells. The company has grown significan

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The project “Ather Energy Electric Scooter Project” is an infrastructure initiative in the Electric Vehicles (EVs) sector, located in Hosur, Tamil Nadu, India. Taiyo aggregates data on it from Moneycontrol.com.

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Description

Description

Ather Energy, founded in 2013 by IIT Madras graduates Tarun Mehta and Swapnil Jain, developed India's first smart electric scooter with a seven-inch touchscreen and a full software ecosystem. The project focused on building a mainstream electric scooter competing with the entire two-wheeler market, achieving over 90% localization in components except battery cells. The company has grown significantly, reaching a market cap of around Rs 50,000 crore by 2026 and holding 18.6% market share in India's electric two-wheeler market in FY2026.

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