Ather Energy Vs Ola Electric: Decoding The Numbers Behind The EV Giants

Ather Energy Vs Ola Electric: Decoding The Numbers Behind The EV Giants

SUMMARY

Despite having a first-mover advantage, Ather Energy has fallen behind Ola Electric due to the latter’s speed in expanding market reach and scaling up infrastructure and sales

Ather’s vehicle registrations in August 2024 stood at around 10,902 units and Ola Electric’s at 27,547 units

Ather has an opportunity to speed up product development and increase its sales using the proceeds from its upcoming IPO to reduce the difference with Ola Electric

Riding the IPO wave in the domestic equity market this year, Ather Energy is set to become the second electric mobility startup to go public. 

Amid growing appetite for new-age tech stocks among Indian stock market investors, 10 such companies have already listed on the bourses this year, including Ather’s biggest competitor Ola Electric.

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