Highlights
Ather Energy
Ather Energy, the electric two-wheeler manufacturer, has seen a notable event as Tiger Global (Internet Fund III Pte Ltd) divested its entire stake, representing 5% of the company’s total paid-up capital, through market transactions on 6th November 2025. The firm sold 1 crore shares on the NSE at an average price of Rs 623.56 per share, while an additional 93 lakh shares were sold on the BSE at an average price of Rs 620.45 per share. This collective sale amounted to a total of Rs 1,204 crore.
As of 30th September, the Internet Fund held 1.93 crore shares of Ather Energy, making up 5% of the company’s total equity. Additionally, IRAGE Broking Services LLP engaged in bulk transactions, acquiring 22 lakh shares of Ather Energy valued at Rs 137 crore at an average price of Rs 622.26 per share, while offloading 2 lakh shares for Rs 14.5 crore to stabilise prices.
Sales Performance
In terms of electric vehicle (EV) sales, Ather Energy maintained its third position in October, bouncing back from stagnant growth in September to achieve an impressive 53% increase in registrations, totalling 28,061. This led to Ather capturing a robust market share of 19.53%. Notably, the company also eclipsed its competitor, Ola Electric, in terms of market capitalisation.
Financial Results and Outlook
The exit by Tiger Global precedes Ather Energy’s financial results for the second quarter of the current fiscal year (FY26), which are expected to be released on 10th November. In the first quarter, the company reported a revenue increase of 79%, rising to Rs 645 crore in Q1 FY26 from Rs 360 crore in Q1 FY25. Meanwhile, net losses decreased by 3%, with figures at Rs 178 crore in Q1 FY26 compared to Rs 183 crore in Q1 FY25.
Current Market Position
Ather Energy’s stock is trading at Rs 634 as of 10:50 AM, leading to a market capitalisation of Rs 24,168 crore (approximately $2.7 billion). It is also noteworthy that Tiger Global has similarly reduced its stake in Ola Electric, a direct competitor of Ather Energy, earlier this May.