Partnership · Mobility & Logistics

Ather signs MoU with government for startup mentorship

By Startup Enthusiast · 29 July 2025

What they do

Ather Energy manufactures electric scooters and vehicles in India

The company signed a memorandum of understanding with the Commerce Ministry to support deep-tech startups through mentorship and infrastructure

The partnership includes joint innovation programs, skill development, and exposure visits under the Build in Bharat initiative

Ather Energy signed an MoU with the Commerce Ministry under the Build in Bharat initiative.
The agreement was led by the Startup Policy Forum and signed by Sanjiv Singh of DPIIT.
Tarun Mehta, co-founder and CEO of Ather Energy, participated in the signing event.
The partnership focuses on providing strategic mentorship for deep-tech startups.
Ather will offer infrastructure support for players in the EV value chain.
Activities include joint innovation programs like the Bharat Startup Grand Challenge.
Ather will also co-host skill development initiatives and participate in Startup Mahakumbh.
The company plans to conduct on-ground exposure visits for participating startups.

The government is shifting focus from manufacturing subsidies to pricing and technology incentives.
Commerce Minister Piyush Goyal stated existing EV incentives are sufficient as of January 2025.
Ather's market share stands at 14% in the Indian electric two-wheeler segment.
The company ranks as the fourth-largest EV two-wheeler maker in India.
Analysts forecast strong revenue growth and eventual profitability for Ather.

Ather Energy designs and sells electric scooters primarily in the Indian market.
Its flagship product is the Rizta family scooter, which drives strong demand.
The company reported Rs 676 crore in revenue for Q4 FY25.
Vehicle sales reached 40,700 units in Q4 FY25, up from the previous year.
Expenses rose to Rs 922.2 crore during the same quarter.
The net loss narrowed to Rs 234.4 crore from Rs 283.3 crore YoY.
EBITDA loss decreased to Rs 172.5 crore from Rs 238.5 crore.
HSBC forecasts a 47% revenue CAGR between FY25 and FY28.
Analysts expect EBITDA breakeven by Q4 FY27.

Ather Energy aims to achieve EBITDA breakeven by Q4 FY27 according to HSBC forecasts.
The company will continue supporting deep-tech startups through the new government partnership.
Analysts predict EV two-wheeler market penetration will rise to 19% by FY30.