Ather Energy concludes 2023 on a high, celebrating the rollout of its 200,000th electric vehicle since inception. The Bengaluru-based startup, supported by Hero MotoCorp and Sachin Bansal, plans an IPO by 2024. Despite substantial losses, Ather s revenue tripled to Rs 1,784 crore in FY23.
Ather recently expanded its product portfolio with 2.9 kWh and 3.7 kWh battery options in the flagship 450X as well as an entry level product, the 450S, to address a bigger segment of the two-wheeler market.