Bhavish Aggarwal applauds Ather Energy's stock market debut, calls it a win for India's EV future
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In a refreshing display of mutual respect between industry rivals, Ola Electric CEO Bhavish Aggarwal extended his congratulations to Ather Energy and its CEO Tarun Mehta as the electric two-wheeler manufacturer made its debut on the Indian stock market.
The move was celebrated as a major step forward for the country’s electric vehicle (EV) sector.
“Congrats to Tarun Mehta and the whole Ather Energy team on this milestone for the Indian EV industry! Let’s together make India the global EV hub,” Aggarwal shared in a post on social media platform X (formerly Twitter).
The gesture was widely appreciated online, with many users praising the cooperative spirit in an otherwise competitive market. Comments ranged from "EV journey was always supposed to be a collaborative effort" to "Ola kicked things off, and it's awesome to see more players join the ride!"
With this market debut, Ather Energy became the second Indian electric vehicle startup to go public, following Ola Electric’s IPO worth ₹6,145 crore in 2023. Ather’s IPO is also the first mainboard public offering of the current financial year.
The IPO includes a fresh issue of shares valued at ₹2,626 crore, alongside an offer-for-sale of 1.1 crore shares by existing promoters and investors.
Ather Energy’s CEO Tarun Mehta took to X to mark the occasion, calling it a “big, big day” for the company. He emphasised that an IPO is more than just a celebration - it is a rigorous test of a company’s business fundamentals, team strength, and long-term vision.
Reflecting on the company’s journey from a small engineering project to a national brand, Mehta highlighted the strong foundation Ather has built across product development, service networks, manufacturing, and supply chains. “We’ve built the engine. Now it’s time to scale,” he said, assuring shareholders of a rewarding journey ahead.
