Bengaluru-based electric vehicle company Ather Energy delivered a strong performance in FY25 (Financial Year 2025). The company sold 1,55,394 electric scooters, marking a 42% growth compared to the 1,09,577 units sold in FY24. This sales performance contributed to a rise in operational revenue, which grew by 29% year-on-year, reaching Rs 2,255 crore—up from Rs 1,753.8 crore in the previous year.
Ather’s total income for FY25 reached Rs 2,305 crore. This was driven by high demand for its top models, especially the newly launched Rizta scooter. In fact, the Rizta alone contributed to 57% of the company’s total scooter volumes during the second half of the year.
Network Expansion Continues
The company expanded rapidly across the country. It added 143 new experience centers, closing the year with 351 stores across India. At the same time, it boosted its charging infrastructure, reaching 3,611 fast-charging points nationwide.
Ather showed notable improvement in its financial performance. Net losses reduced by 23%, going down to Rs 812.3 crore in FY25 from Rs 1,059.7 crore in FY24. EBITDA margins also improved sharply, going from -36% to -23%. These improvements were due to better operational planning, cost savings, and the use of in-house technology and engineering. The company’s adjusted gross margins increased from 9% in FY24 to 19% in FY25.
Ather Energy Q4 Performance Highlights
The fourth quarter of FY25 continued the positive trend. Ather sold 47,411 scooters during this period, a 35% rise compared to Q4 of the previous year. Revenue from operations in Q4 rose by 28% year-on-year to Rs 676.1 crore, while total income stood at Rs 687.8 crore. Adjusted gross margins for the quarter were strong at 18%, and EBITDA losses further reduced.
Ather’s software product, Atherstack, also performed well. About 88% of customers chose the Pro Pack, which helped improve per-scooter income. As a result, non-vehicle revenue grew to form 12% of the total revenue mix.
Strong Regional Hold
The company continued to dominate the southern markets of India, where it held a 22.4% market share in the fourth quarter of FY25. It also began to increase its presence in northern and western parts of India by opening more stores outside the southern region.
Ather CEO and Co-founder Tarun Mehta called FY25 a year of “robust growth.” He highlighted the success of new product launches, distribution expansion, better gross margins, and rising software revenue. He added that Ather’s nationwide presence and focus on improving per-unit economics are now paying off.
