Latest news with #SwapnilJain
NDTV
3 days ago
- Automotive
- NDTV
Ather Energy And Infineon Technologies Join Hands To Accelerate EV Innovation In India
In a significant step toward boosting India's electric vehicle ecosystem, Ather Energy, one of the country's leading electric two-wheeler manufacturers, has signed a Memorandum of Understanding (MoU) with Infineon Technologies Asia Pacific, a global leader in semi-conductor solutions. The agreement was formalised in Seoul, South Korea, and is aimed at advancing innovation in India's fast-growing EV sector. The partnership will focus on leveraging Infineon's cutting-edge semi-conductor technologies that include advanced micro-controllers and automotive-grade sensors, alongside Ather's proven expertise in designing high-performance Light Electric Vehicles (LEVs). The collaboration is expected to support the development of more efficient, reliable, and cost-effective EV solutions tailored for the Indian market. Swapnil Jain, Executive Director and CTO, Ather Energy, said, "At Ather, we've always believed that building great EVs starts with getting the fundamentals right - performance, efficiency, reliability. Our approach has always been grounded in first-principles thinking and deep engineering, questioning how every system can be made better, faster, and more efficient. That's where semi-conductor innovation becomes critical. Infineon's leadership in semi-conductors and system solutions brings deep expertise that aligns with our engineering-first approach. Our partnership with Infineon gives us access to advanced technologies that can help us improve key systems, from charging to safety and explore ways to reduce system complexity and cost. We're looking forward to seeing how this collaboration can help us push the boundaries, not just for our products, but for the larger EV ecosystem in India." As part of the agreement, both companies will jointly explore breakthroughs in sensing and safety features to enhance rider experience and vehicle performance. The effort will cover key areas such as energy efficiency, faster charging capabilities, and overall system reliability. These developments are expected to significantly improve the appeal and accessibility of electric two-wheelers for Indian consumers. Infineon, known globally for its semi-conductor innovations in the automotive sector, aims to bring its deep technical expertise to address India's unique mobility challenges. The joint initiative also aligns with India's broader goals of sustainable transportation and reduced carbon emissions.
Time of India
3 days ago
- Automotive
- Time of India
Ather Energy ties up with South Korean company Infineon Technologies
CHENNAI: Electric two-wheeler maker Ather Energy and South Korean semiconductor solutions major Infineon Technologies have signed a memorandum of understanding (MoU) in Seoul. The collaboration will focus on semiconductor technologies to support light electric vehicles (LEVs), charging infrastructure and safety, said the company in a statement. 'The partnership aims to leverage semiconductor solutions from Infineon based on various technologies, microcontrollers and automotive related sensors, alongside Ather's expertise in designing light EVs,' it added. Swapnil Jain, executive director and CTO, Ather Energy, said, 'Our partnership with Infineon gives us access to technologies that can help us improve key systems, from charging to safety and explore ways to reduce system complexity and cost.' Peter Schaefer, executive VP and chief sales officer-automotive at Infineon, 'India is one of the fastest-growing EV markets globally, and our SiC and GaN technologies will help drive energy-efficient and high-performance electric vehicles.' The collaboration will explore sensing and safety innovations to improve vehicle safety, charging speed, system reliability among other features. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 days ago
- Automotive
- Time of India
Ather Energy and Infineon Technologies partner to support India's EV transition
Ather Energy , an Indian electric two-wheeler manufacturer, has signed a Memorandum of Understanding (MoU) with Infineon Technologies Asia Pacific Pte Ltd to collaborate on the development of semiconductor technologies for India's electric vehicle (EV) sector. The agreement was signed in Seoul, South Korea. The partnership will focus on the integration of semiconductor solutions to improve the performance and reliability of light electric vehicles (LEVs) and related infrastructure, including charging systems . Infineon will supply technologies such as microcontrollers and automotive sensors, which Ather will incorporate into its vehicle designs. Supporting EV adoption goals Swapnil Jain, Executive Director and CTO, Ather Energy, said, "Infineon's leadership in semiconductors and system solutions brings deep expertise that aligns with our engineering-first approach. Our partnership with Infineon gives us access to advanced technologies that can help us improve key systems, from charging to safety and explore ways to reduce system complexity and cost. We're looking forward to seeing how this collaboration can help us push the boundaries, not just for our products, but for the larger EV ecosystem in India.' Peter Schaefer, Executive Vice President and Chief Sales Officer Automotive at Infineon, added, 'India is one of the fastest-growing EV markets globally, and electric two-wheelers are at the heart of this transformation. We are thrilled to partner with Ather Energy to enable the next generation of sustainable mobility solutions. Our advanced SiC and GaN technologies will help drive energy-efficient and high-performance electric vehicles. This partnership will foster innovation that contributes meaningfully to India's ambitious objective to reach a 30 percent sales share for EVs by 2030.' The collaboration will also explore sensing and safety systems aimed at improving user safety and overall system functionality. The technologies under development are intended to support the broader goals of accessibility and sustainability in India's EV sector.
Business Upturn
12-05-2025
- Business
- Business Upturn
Ather Energy Q4 Results: Net loss narrows to Rs 234 crore, revenue rises 29% YoY
Electric two-wheeler manufacturer Ather Energy posted its Q4 FY25 results, reporting a net loss of ₹234.4 crore, narrowing from ₹283.3 crore in the same period last year. The improvement comes on the back of stronger operational performance and higher revenue. The company's revenue from operations rose to ₹676.1 crore in the March quarter, up 29% YoY from ₹523.4 crore in Q4 FY24. Total income stood at ₹687.8 crore compared to ₹535.4 crore a year ago. However, total expenses for the quarter increased to ₹922.2 crore, compared to ₹818.7 crore last year. For the full year FY25, Ather's revenue from operations stood at ₹2,255 crore, a 28.6% rise from ₹1,753.8 crore in FY24. Net loss for the year narrowed to ₹812.3 crore from ₹885.1 crore in the previous year. As of 2:35 PM on Monday, Ather Energy shares were trading at ₹311.50 on the NSE, up 3.76%. Key Highlights (Q4 FY25 vs Q4 FY24): Revenue: ₹676.1 crore vs ₹523.4 crore (↑ 29%) Total income: ₹687.8 crore vs ₹535.4 crore Net loss: ₹234.4 crore vs ₹283.3 crore Total expenses: ₹922.2 crore vs ₹818.7 crore IPO and Business Expansion: Ather Energy made its market debut on May 6 with a listing price of ₹328 on the NSE, reflecting a premium of 2.18% over its issue price of ₹321. On the BSE, the stock opened at ₹326.05, up 1.57%. The electric two-wheeler maker's IPO had opened for subscription between April 28 and April 30 and received a positive response from investors across categories. Retail investors subscribed 1.78 times their allotted portion, while Qualified Institutional Buyers (QIBs) subscribed 1.70 times. The Non-Institutional Investors (NIIs) segment was subscribed 66%, and employee participation was notably high, with 5.43 times subscription. Ather Energy reported a compound annual growth rate (CAGR) of 107.1% in revenue from FY22 to FY24, reaching ₹1,753.8 crore. Despite a loss of ₹1,059.7 crore in FY24, the company is expected to improve profitability as it leverages EV technology and expands operations. Founded in 2013, Ather is a leading player in India's electric two-wheeler (E2W) segment. It offers an integrated ecosystem comprising electric scooters, proprietary software, charging infrastructure, and accessories — all developed in-house. The company is working on new platforms, including the EL scooter and Zenith motorcycle, while also planning to scale its domestic and international distribution network. Promoters include Tarun Mehta, Swapnil Jain, and Hero MotoCorp. India's two-wheeler market is projected to grow at a 7% CAGR till FY31, with electric scooters expected to contribute 70% of total two-wheeler sales by that time. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Please consult a financial advisor before making investment decisions.
Economic Times
06-05-2025
- Automotive
- Economic Times
Ather Energy IPO: From startup to stock market listing
Ather Energy gave up the modest gains it made on its market debut on Tuesday. Shares of the electric scooter manufacturer were trading at Rs 307.08 on the BSE—down 5.58% from the listing price of Rs Tiger Global- and GIC-backed company raised Rs 2,981 crore through its initial public offering (IPO), including a fresh issue of shares worth Rs 2,626 crore. This IPO size was smaller than the Rs 3,100 crore figure originally mentioned in its draft red herring prospectus for the book-built offer. About Ather Energy Founded in 2013 by Tarun Mehta and Swapnil Jain, Bengaluru-based Ather Energy designs and manufactures electric scooters and related charging infrastructure. It also offers software subscription plans with various service and maintenance benefits, as well as company caters to both B2C and B2B markets, operating at the intersection of energy tech and auto tech. Ather is concentrated mostly in South India, which accounted for 61% of its sales in the nine months to December 2025. Funding and investors According to Tracxn, Ather Energy has secured $502 million across 19 funding rounds since its first raise in February 2014. It became a unicorn in August 2024 following a Rs 600 crore ($71 million) investment from the National Investment and Infrastructure Fund (NIIF). Key institutional investors include Hero MotoCorp, Tiger Global, and GIC—the latter being the company's largest backer. In total, Ather counts 15 institutional and 21 angel investors. Ahead of its IPO in the dying days of April, Ather had raised Rs 1,340 crore from a group of anchor investors, including State Bank of India, Custody Bank of Japan, Aditya Birla Sun Life Insurance, ADIA, Invesco, ICICI Prudential, and Morgan Stanley. Key competitors The company faces stiff competition in the electric two-wheeler space, with Bhavish Aggarwal's Ola Electric being its primary rival. The market leader in the electric two-wheeler space, and the first listed pure-play EV company, Ola Electric had a market share of 34.08% at the end of December 2024, compared to Ather's 10.7%. Ola Electric sold 3.08 lakh units in the first nine months of fiscal year 2025, compared to 1.08 lakh units for Ather Energy. According to Tracxn, Ola Electric has raised a total of $1 billion in funding to notable players in the market include Mumbai-based BGauss, Taiwan's Gogoro, and Motovolt, a startup headquartered in Kolkata. Workforce As of March, Ather Energy employed 1,630 people—marking a 11.9% increase from its headcount in March 2024. Around 46% of its workforce was dedicated to research and development (R&D), as of December 2024, Ather said in the RHP for its IPO. Last month, ET reported that Ather Energy is set to unlock around Rs 530 crore in value for more than 1,300 employees through its employee stock option plan (Esop). The company rolled out the Esop in 2024 with a pool of almost 16.5 million shares. Board of directors Ather's board includes CEO and cofounder Mehta and cofounder Jain. Other key members are Pankaj Sood (head of direct investments, India & Africa at GIC), Niranjan Kumar Gupta (ex-CEO, Hero MotoCorp), and Ram Kuppuswamy (chief procurement and supply chain officer, Hero MotoCorp). Use of IPO funds Ather has outlined how it will use the IPO proceeds: Rs 927.2 crore will go towards establishing a new electric two-wheeler manufacturing facility in Aurangabad, Maharashtra. Rs 40 crore is earmarked for debt repayment. Rs 750 crore will support research and development efforts. Rs 300 crore will be used for marketing activities. These investments are planned for the 2026–2028 financial years.
