Results · Mobility & Logistics

Ampere narrows loss as revenue grows 8%

By Startup Enthusiast · 12 January 2026

What they do

Ampere makes electric scooters and three-wheelers under Greaves Electric Mobility

FY25 operating revenue rose 8% to Rs 659 Cr, while loss narrowed 65% to Rs 240 Cr

Parent Greaves Electric has received final SEBI approval for a Rs 1,000 Cr IPO

Ampere Vehicles reported FY25 results with operating revenue of Rs 659 Cr, up 8% from Rs 612 Cr in FY24.
Total income for FY25 was Rs 675 Cr, including other income of Rs 16 Cr, compared to Rs 641 Cr in FY24.
The company cut its loss by 65% to Rs 240 Cr from Rs 691.5 Cr in FY24.
Total expenses rose 7% to Rs 918 Cr, driven by higher material costs and advertising spends.
Cost of materials was Rs 589 Cr, up 12%, while employee expenses fell 22% to Rs 79 Cr.
Advertising and promotional spends increased 30% to Rs 43 Cr, and depreciation rose 41% to Rs 45 Cr.
Cash and bank balances stood at Rs 25 Cr as of March 2025, with current assets of Rs 263 Cr.

FY24 revenue had fallen 46% from the prior year, making the FY25 growth a recovery sign.
The company's ROCE was -85.27% and EBITDA margin was -30.50%, showing continued operational challenges.
Parent Greaves Electric Mobility filed a DRHP in December 2024 and received final SEBI nod for an IPO of up to Rs 1,000 Cr.

Ampere is an electric vehicle brand under Greaves Electric Mobility.
In December 2024, Greaves Electric sold 4,335 units of electric two-wheelers, capturing a 4.66% market share and ranking 6th.
Segment leader TVS sold 24,317 units in the same month, with a 26.14% share.

Parent Greaves Electric Mobility plans to launch an IPO of up to Rs 1,000 Cr (~$119M) with an offer-for-sale of up to 18.94 Cr equity shares.
The company has received final SEBI approval for the IPO.