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Ather Energy to treble e-scooter capacity to 1.42 mn units per yr
The Morning Standard
|April 06, 2025
ATHER ENERGY, IPO-bound electric scooter maker with 11% market share in the EV space in FY25, is on an expansion spree. The company will more than treble its capacity to 1.42 million units per annum.
The first phase of the ₹1,123 crore expansion will see the company setting up a 0.5 million plant in Auric City, Aurangabad, by the first half of 2026. The Hosur-based company co-founded by IIT-Madras alumni Tarun Mehta (CFO) and Swapnil Jain (chief technology officer) in 2013 (as a technology firm for the electric mobility space) currently has an installed capacity of 0.42 million scooters per annum, along with a 0.38 million units battery packing facilit
This story is from the April 06, 2025 edition of The Morning Standard.
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