Ather Energy recently went public and the money raised from the IPO will be used to develop new products.
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Ather Energy recently went public and the money raised from the IPO will be used to develop new products.
Ather Energy, which recently went public, plans to utilise funds raised from its initial public offering to develop an entirely new product range. The Bengaluru-based electric vehicle manufacturer will focus on creating a new “low-cost platform” called the EL platform. “We hope to launch at least a few products… and all scooters,” is what Tarun Mehta, the Co-Founder and CEO of Ather Energy revealed to our Editor-in-Chief, Siddharth Vinayak Pattankar.
(Also Read: Ather Energy Goes Public)
Following the success of its family-oriented Ather Rizta model, the company aims to replicate this achievement at lower price points. “I am hoping for them to be priced even better,” added Mehat. This gives us an indication that the upcoming scooters will prioritise cost-effectiveness, marking a significant shift in the company's product strategy. So, unlike Ather's current performance-focused offerings, these new electric scooters might feature smaller battery packs and longer charging times. Top speeds will also be considerably lower, positioning them as commuter vehicles rather than performance scooters. Details regarding the same will be revealed once inch closer to its launch.
(Also Read: Tarun Mehta Reveals The Future of Ather Motorcycles & Scooters)
The new range might also scale back on technological features, likely incorporating basic LCD or TFT displays with limited connectivity capabilities. Furthermore, in a notable departure from its consumer-focused approach since inception, Ather also plans to explore the business-to-business (B2B) segment with some of these models on this new platform, a place where it has remained largely absent since inception.
While the exact launch timeline remains unconfirmed, we anticipate it should happen sometime in 2026. This move signals Ather's intention to capture a larger share of the rapidly growing electric two-wheeler market in India. To know more what Ather is planning for its future, check out the full interview below:
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