Tiger Global has officially ended its investment journey in Ather Energy after selling its entire stake for around ₹1,204 crore. This marks a major moment in India’s electric vehicle market because Tiger Global was one of the early supporters of Ather when the company was still taking its first steps in the EV industry. The exit highlights how far Ather Energy has come, growing from a startup idea into a recognised manufacturer of smart electric scooters across India.
Tiger Global’s Exit and What It Means
Tiger Global had invested in Ather Energy many years ago when the company was still in the development phase. Over time, Ather worked its way through product design, market challenges, consumer awareness and building its network of charging stations and manufacturing facilities. Now that the company has become more stable and visible in the public market, Tiger Global decided it was the right time to exit and realise its returns.
The stake sale took place on the open market, and through this exit, Tiger Global made a significantly larger return compared to its initial investment. This shows that its early confidence in Ather’s business model, research focus and growth potential paid off. For investors in the startup world, such exits are normal as they often invest early, support the business through its development period, and eventually exit once the company matures.
Ather’s Growth Journey
Ather Energy has built a strong position in the electric two-wheeler segment in India. The company is known for its high-performance electric scooters that come with smart features like touchscreen dashboards, connected apps and efficient battery systems. Over time, it has expanded into several states and built a network of charging stations known as Ather Grids. Its brand messaging has focused on performance, technology and clean mobility, which helped it attract young and urban consumers.
The company has also reported rising revenue, showing demand is growing for electric scooters. While it still works on reducing losses and improving operating efficiency, the direction is positive. More people across India are now considering electric scooters as mainstream alternatives to petrol vehicles, and Ather has played a big role in driving this shift.
Impact on India’s EV Market
Tiger Global’s exit signals maturity in the Indian EV ecosystem. When early investors exit with strong returns, it sends a message to the market that the company has crossed initial risk stages and is ready for long-term scalability. It also encourages other investors to consider the EV market seriously. For India, this is an important milestone because the country is moving toward cleaner, smarter and more affordable mobility options.
What Comes Next for Ather
Now that an early investor has exited, Ather may continue welcoming long-term strategic investors and focusing on strengthening its financial position. The company is expected to keep working on new product models, better battery performance, wider service reach and affordable pricing. The EV market in India is growing, and Ather is well-positioned to play a major role in shaping its future.