Electric two-wheeler (EV) startup Ather Energy is planning to go for an IPO within 24 months, taking forward its earlier plan to do it in four to five years.
Electric two-wheeler EV startup Ather Energy is planning to go for an IPO within 24 months, taking forward its earlier plan to do it in four to five years. The company is currently offering two electric scooters for the Indian two-wheeler EV market which are Ather 450 and Ather 450X. The company got a great response in India.
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The company is targeting an annual revenue run rate of $3 billion over two years and is also expected to be the first EV startup to break the mold globally for an IPO backed by Earnings Before Interest, Taxes, Depreciation, and Amortization ( EBIDTA) positive financials.
Top Electric Two-Wheeler Companies by Their Market Share
| Name | Market Share ( FY21) | No of Dealers in India | No. of Models |
| Hero Electric | 36% | 600+ | 10 |
| Okinawa | 17% | 550 | 7 |
| Ampere | 14% | 300 | 8 |
| Ather | 11% | 15 | 2 |
| Revolt | 4% | 11 | 2 |
| Bajaj | 4% | 2 | 1 |
| Benling | 3% | 52 | 4 |
| TVS | 2% | 2 | 1 |
Read More: EV Two-wheeler Startups by market Share
