Bengaluru-based Ather Energy has reported impressive growth in its fiscal year 2025 (FY25) performance, achieving a significant milestone by selling over 155,000 electric scooters. The company delivered 155,394 units, marking a 42% increase compared to the previous fiscal year, and its revenue surged by 29% to reach Rs 2,255 crore, up from Rs 1,753.8 crore in FY24.
The surge in sales can be attributed to the popularity of Ather’s flagship models, particularly the recently launched Rizta, which accounted for 57% of the volume in the latter half of the year. Meanwhile, Ather’s primary competitor, Ola Electric, reported a higher total of 344,005 units sold, holding a market share of 30% in FY25.
Financial Performance and Market Expansion
Ather Energy also showcased a substantial increase in total income, which reached Rs 2,305 crore. The company has been proactive in expanding its national footprint, adding 143 experience centres and concluding FY25 with a total of 351 stores. Additionally, Ather has enhanced its fast-charging infrastructure, which now boasts 3,611 points across India.
On the financial front, Ather’s net losses narrowed by 23% to Rs 812.3 crore, down from Rs 1,059.7 crore in FY24. The company improved its EBITDA margins significantly, increasing by 1,300 basis points to -23%, compared to -36% in the prior year. These advancements were attributed to operational efficiencies, in-house design capabilities, and cost-saving measures across the supply chain.
Continued Growth in Q4FY25
In the fourth quarter of FY25, Ather continued its growth trajectory, with revenue from operations rising 28% year-on-year to Rs 676.1 crore. The total income for the quarter reached Rs 687.8 crore, while scooter sales climbed to 47,411 units, reflecting a 35% increase over the same quarter last year.
The adoption of Ather’s software subscription product, Atherstack, was also notable, with 88% of customers opting for the Pro Pack. This contributed to an improved revenue mix, with non-vehicle revenue accounting for 12% of the overall income. CEO and Co-founder Tarun Mehta emphasized the year as one of “robust growth,” highlighting the successful product launches and distribution expansion that have positively impacted margins and overall performance.
