Launch · Mobility & Logistics
Ather Energy launches Rizta scooter in Sri Lanka
By Startup Enthusiast ·
- Date
- Company
- Ather Energy
- What it does
- Electric scooter manufacturer
- Kind
- Launch
- Based in
- Bengaluru
- Sector
- Mobility & Logistics
What they do
Ather Energy makes electric scooters and operates charging networks
What happened
It launched the family scooter Rizta in Sri Lanka at the Colombo Motor Show 2025
Why it matters
The company entered Sri Lanka in December 2024 and has expanded to Nepal earlier
The details
- Ather Energy launched its family electric scooter Rizta in Sri Lanka.
- The launch took place at the Colombo Motor Show 2025.
- The company partnered with Evolution Auto Pvt. Ltd., its authorised distributor in Sri Lanka.
- Ather Energy first entered the Sri Lankan market in December 2024.
- Chief Business Officer Ravneet Singh Phokela represented the company at the launch.
- The Rizta has been well-received in India for over a year and recently launched in Nepal.
The bigger picture
- Sri Lanka is a growing international market for Ather Energy.
- The company's first international expansion was Nepal in November 2023.
- In Nepal, Ather Energy has nine experience centers and seven service centers.
- The launch supports Ather's strategy to broaden product offerings and enhance presence in key global markets.
About the business
- Ather Energy manufactures electric scooters, including the Rizta family scooter.
- It operates the Ather Grid fast-charging network with 4,322 chargers across India, Nepal, and Sri Lanka.
- The company has 524 experience centres across India, adding 78 in the latest quarter.
- For the quarter ended September, operating revenue was Rs 898.9 crore, up 54% year-on-year.
- Net loss narrowed to Rs 154.1 crore from Rs 197.2 crore a year ago.
- Total expenses were Rs 1,094.8 crore, up from Rs 796.1 crore.
- Material costs were Rs 736.4 crore, up from Rs 503 crore.
What happens next
- Ather Energy plans to broaden product offerings and enhance presence in key global markets.
Founders
- Tarun Mehta, Co-founder
- Swapnil Jain, Co-founder
Other articles talking about it
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