Results · Mobility & Logistics

Ather Energy reports FY25 revenue growth amid shift to affordable Rizta

By Startup Enthusiast · 26 August 2025

What they do

FY25 revenue rose 29% to ₹2,255 crore despite revenue per scooter falling 12% to ₹128,295

The lower-priced Rizta model accounted for 57% of total unit sales of 155,394

Ather is expanding manufacturing capacity with a new factory in Maharashtra starting FY27

Ather Energy reported ₹2,255 crore total revenue for fiscal year 2025.
This represents a 29% year-on-year increase in overall earnings.
Revenue per scooter fell to ₹128,295 from ₹143,333 in the previous year.
The company sold 155,394 electric two-wheeler units during the fiscal period.
Sales of the affordable Rizta model accounted for 57% of total volume.
The Rizta model is priced approximately ₹16,500 cheaper than the 450 line.
Vehicle sales contributed 88% of total revenue while software made up the rest.
Ather remains the third-largest electric two-wheeler maker in India by market share.

Lower average selling prices indicate a strategy to capture broader market segments.
Strong performance in South India shows regional dominance with 22% market share.

Ather Energy designs and manufactures electric scooters for consumer use in India.
The primary product lines include the 450 series and the newer Rizta model.
Software services like AtherStack Propack contribute to non-vehicle revenue streams.
The company operates manufacturing facilities in Hosur with significant annual production capacity.
Future expansion includes developing new platforms such as EL and Zenith motorcycles.
Current operations focus on the Indian domestic market with strong Southern presence.
Revenue is heavily dependent on vehicle sales which make up the vast majority.
The business model combines hardware sales with recurring software service offerings.
Market position relies on brand strength and technological integration in electric vehicles.

Production phases at Factory 3.0 in Chhatrapati Sambhajinagar start in FY27.
Expansion targets include increasing presence in Gujarat, Maharashtra, and Delhi.
Development continues on new motorcycle platforms including EL and Zenith models.