Synopsis:
Ather Energy Limited, gained after unveiling its next-generation EL platform, advanced software upgrades, new charging solutions, and refreshed products at its Community Day 2025 event.
An electric vehicle stock came into focus after it unveiled a host of next-generation products and upgrades, led by its all-new EL platform. The launch, which introduces major scalability, safety, and cost-optimisation benefits, is expected to reshape the company’s growth trajectory in the Indian EV two-wheeler market.
Ather Energy Limited, with a market capitalization of Rs. 17,384.56 crore, opened at Rs. 459.05 against a previous close of Rs. 449.70. The stock touched an intraday high of Rs. 512.75, marking a 14.02 percent rise from the prior close.
What’s the News?
Ather Energy unveiled the EL platform, its next-generation scooter architecture, at the Ather Community Day 2025. Designed for versatility, scalability, and cost optimisation, the EL platform is the company’s first all-new vehicle architecture since the 450 series. The platform paves the way for multiple new scooter models while enabling faster innovation, serviceability, and improved rider experience.
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Highlights
The EL Platform is engineered on 26 lakh km of real-world data, introducing a new chassis, powertrain, and redesigned electronics. It reduces component count, enabling 15 percent faster assembly, 2X faster periodic services, and service intervals of up to 10,000 km. Key innovations include the Advanced Electronic Braking System (AEBS) for safer braking and the Ather Charge Drive Controller, which integrates onboard charging with motor control for improved convenience.
Redux, Ather’s concept moto-scooter, combines a lightweight aluminium frame with advanced features such as adaptive ride dynamics, posture-based transformations, and Morph-UI,a next-gen HMI that transforms based on riding context to truly adapt to the rider’s intent. It also introduces “Take Off” mode for ultra-fast acceleration, positioning it as a showcase of Ather’s future performance vision.
AtherStack 7.0 introduces natural voice interaction, live location sharing, tyre pressure updates, Crash and Pothole Alerts, and expanded theft protection with ParkSafe™ and LockSafe™. It supports remote functions like vehicle shutdown and charging control. The update is backward compatible with older models and is complemented by enhancements to the Ather HALO™ smart helmet.
Infinite Cruise delivers advanced cruise control tailored for Indian conditions. Its modes include CityCruise, Hill Control, and Crawl Control, all of which adapt to varied terrains and weather conditions, ensuring comfort and stability. Infinite Cruise will also roll out on the 2025 Ather 450 Apex in the coming months.
Rizta updates include a full touchscreen dashboard, new Eco Mode, refreshed interface, and a Terracotta Red variant, enhancing its appeal as a family scooter.
The next-generation fast charging system offers double the charging speed with a compact 6 kW charger. Supporting interoperability through the LECCS standard, it enables 30 km of range in 10 minutes and comes with built-in tyre inflators in select chargers.
AtherStack 7.0 will roll out as an over-the-air (OTA) update in the coming months, and will be backward compatible with the Rizta Z and the Ather 450X up to Gen 3 scooters.
Management Commentary
Tarun Mehta, Co-founder & CEO, Ather Energy, said, “With the EL platform, we are laying the foundation for Ather’s next phase of growth. Just as the 450 defined our first chapter, EL will define the next, enabling us to develop multiple types of scooters at scale far more efficiently.
This platform-first approach enables faster innovation and improved efficiency, serviceability, and rider experience. EL reflects years of learning, deep R&D, and engineering. Our new factory at Chhatrapati Sambhajinagar will scale with EL platform products to meet growing demand effectively.”
Financial Snapshot
On a quarter-on-quarter basis, sales declined from Rs. 676 crore in Q4FY25 to Rs. 645 crore in Q1FY26. Operating loss narrowed from Rs. 172 crore to Rs. 134 crore, while loss before tax and net loss both improved from Rs. 234 crore to Rs. 178 crore.
On a year-on-year basis, sales rose sharply from Rs. 360 crore in Q1FY25 to Rs. 645 crore in Q1FY26, reflecting a 79.2 percent growth. Operating loss widened slightly from Rs. 128 crore to Rs. 134 crore, while loss before tax and net loss both improved from Rs. 183 crore to Rs. 178 crore.
Guidance
Ather’s CEO and co-founder Tarun Mehta outlined the company’s aggressive expansion plans, stating that the retail network will grow from 200 outlets currently to 400 by the end of this year, with a further target of 700 stores by FY26. He emphasized that distribution expansion will be the central theme for FY26, calling it the single most important metric to track.
However, Mehta voiced concern over policy challenges, particularly Ather’s exclusion from the government’s Production-Linked Incentive (PLI) scheme despite what he described as some of the largest global investments in EV R&D. He argued that inclusion could have enabled the launch of more affordable products, but the framework was not designed to support startups.
Looking ahead, Mehta reiterated that FY26 will be defined by distribution growth, supported by a new platform, a wider product portfolio, and an expanding retail footprint, with the company targeting stronger margins and a 20 percent share of India’s EV scooter market.
About the Company
Ather Energy Limited is a pioneer in India’s electric two-wheeler market. Founded in 2013, the company designs and manufactures performance-oriented and family-focused scooters, including the Ather 450 series and the Ather Rizta.
Ather operates India’s largest dedicated EV two-wheeler fast-charging network, with 4,032 chargers globally as of June 30, 2025. The company holds over 570 registered and pending intellectual property assets worldwide, reflecting its strong innovation-led approach.
Written By Manan Gangwar
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