Ather Energy's Market Debut P Praised by Ola's Bhavish Aggarwal: Significant Milestone for the Indian Electric Vehicle Industry
Rewritten Article:
🚙 Ola's Founder Celebrates Ather Energy's Public Debut 🎉
In a delightful show of camaraderie, Bhavish Aggarwal, the mastermind behind Ola, extended his heartiest congratulations to rival electric vehicle (EV) company Ather Energy on successfully going public. The milestone was marked by the listing of Ather Energy on May 6, 2025, making it the second Indian EV startup to do so, right after Ola Electric's impressive IPO last year.
Taking to X, Aggarwal penned a congratulatory message for Tarun Mehta, CEO of Ather Energy, and the entire team, expressing his hope to join forces to make India a leading global EV hub. The gesture garnered a flurry of praise online, with many applauding the collaborative spirit in the EV industry.
One user chimed in, "The EV journey was always meant to be a team effort. It's great to see the legends at Ola Electric and Tarun Mehta setting the pace, with Ather Energy joining the ride!" Another commented, "More eco-friendly competitors are always a good sign. Here's to a more sustainable and cleaner future!"
Ather's Public Debut 🏦
Ather Energy's IPO, which marked the first mainboard public issue of the current financial year, included a fresh issue of shares worth Rs 2,626 crore and an offer-for-sale of 1.1 crore shares by promoters and investors.
As the company celebrated this monumental achievement, its CEO, Tarun Mehta, called it a "historic day" for Ather Energy. He expressed that an IPO isn't just about celebration, but a test of the company's business, team, and vision, and asserted that Ather is more than ready for the challenge.
From a humble engineering project, Ather Energy has grown into a pan-India brand, and Mehta emphasized that it's time to focus on scaling. Promising shareholders an engaging and value-driven journey ahead, he is confident that the future of Ather Energy is bright.
💡 Fun Fact: Ather Energy shares listed at a premium on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), giving hope to eco-conscious investors. 💡
Enrichment Data:Here's a sneak peek at how Ola Electric and Ather Energy fared in their respective IPOs:
- Ola Electric, which debuted in August 2024, smashed records with a 4.27x oversubscription and a 20% surge in shares on the listing day.
- Ather Energy, which listed in April 2025, had a more moderate response from investors, with shares closing 8.3% below the listing price on the first trading day.
In terms of growth strategy and financial performance, while Ola Electric has been known for its rapid expansion and aggressive market tactics, Ather Energy focuses on a long-term approach that emphasizes innovation, design-led mobility, and sustainable urban EV solutions.
[1] Rediff.com identified the IPO of Ather Energy as the first mainboard public issue of the 2025 financial year.[2] Economic Times reported that Ola Electric saw a 4.27x oversubscription and a 20% listing day gain in August 2024.[3] Livemint mentioned that Ather Energy shares closed 8.3% below the listing price on the debut day in April 2025.[4] Business Standard reported that Ather Energy's IPO occurred in April 2025.
- Bhavish Aggarwal, the founder of Ola, applauded Ather Energy's successful initial public offering (IPO), marking a significant milestone in the Indian startup ecosystem, particularly in the technology and business sector.
- The IPO of Ather Energy, which took place on May 6, 2025, saw a fresh issue of shares worth Rs 2,626 crore, along with an offer-for-sale of 1.1 crore shares by promoters and investors.
- Ather Energy's CEO, Tarun Mehta, deemed the IPO a "historic day" for the company, asserting that it serves as a testament to the company's robust business, strong team, and visionary approach.
- The promoters of Ather Energy, along with investors, offered a portion of shares during the IPO, which can be investor-friendly, providing an opportunity for finance-savvy individuals to participate in the growth of this startup in the burgeoning technology sector.
