Investment firm Tiger Global Management has exited Ather Energy on October 6, by selling its entire 5.09 percent stake in the electric two-wheeler maker for Rs 1,204 crore through open market transactions, according to bulk deal data shared by BSE and NSE.
Tiger Global, through its affiliate Internet Fund III Pte Ltd, sold a little over 1.93 crore equity shares at prices between Rs 620.45 and Rs 623.56 apiece. The exit comes months after Ather Energy’s initial public offering (IPO) in April which raised about Rs 2,900 crore at a valuation of nearly Rs 12,000 crore. The market capitalisation of Ather Energy is approximately Rs 24,800 crore as on November 7, 2025.
Ather - backed by founders Tarun Mehta and Swapnil Jain - counts Hero MotoCorp and Singapore’s sovereign wealth fund GIC among its key shareholders. Before Tiger Global, early investor Flipkart co-founder Sachin Bansal too had pared down his stake in the company.
Tiger Global’s sale, just days before Ather’s Q2FY26 results, comes at a time when the electric two-wheeler company is balancing aggressive expansion with profitability. During Q1FY26, Ather reported a revenue of around Rs 645 crore, higher by 79% on-year, but still incurred losses. The firm reported a net loss of Rs 178 crore for the April-June quarter of FY26.
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