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How IPO-bound Ather Energy stacks up against Ola Electric, Bajaj Auto, Hero Moto, TVS Motor
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Ather Energy will soon become the second pure-electric two-wheeler player listed on Indian exchanges. But a look at the business metrics puts the Tiger Global-backed EV maker way behind its listed peers.
Going by Ather’s offerings, Ola Electric Mobility stands out as its closest listed competitor. Both companies ended the nine months to December 2024 with losses. Ather posted a loss of nearly Rs 578 crore, while Ola Electric had a loss of Rs 1,406 crore during the period, according to the former’s red herring prospectus.
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