Ather Energy Shares Surge to All-Time High on New EL Platform Launch

Ather Energy shares hit an all-time high of ₹475 per share, up 5.6%, after unveiling its new EL platform, a flexible electric scooter platform designed to meet varied needs of Indian buyers. The platform features a new chassis, motor system, and redesigned electronics, making assembly 15% faster and extending service intervals to 10,000 km. Nomura recommends "Buy" with a target of ₹458 per share, citing Ather's focus on enhancing the rider experience and success of next-gen fast-charging rollout.

Ather Energy's shares hit an all-time high of ₹475 per share, up 5.6%, following the unveiling of its new EL platform. The flexible electric scooter platform is designed to meet the diverse needs of Indian buyers, featuring a new chassis, motor system, and redesigned electronics. This new architecture allows for 15% faster assembly and extends service intervals to 10,000 km [1, 4].

The EL platform, unveiled at Ather Community Day 2025, is the company's first vehicle architecture since the launch of the 450. It incorporates a new chassis, powertrain, and redesigned electronics stack, developed using data from 26 lakh kilometres of field use [1, 4]. This design approach enables the company to develop multiple types of scooters at scale far more efficiently [4].

Ather Energy's co-founder and CEO, Tarun Mehta, stated that the EL platform would form the foundation for the company's next phase of growth, enabling faster innovation and improved efficiency [1, 4]. The new platform also introduces features such as an Advanced Electronic Braking System (AEBS) and an over-the-air (OTA) update for AtherStack 7.0, which includes voice-based interaction, safety features, and expanded security functions [1, 4].

Nomura has recommended "Buy" with a target of ₹458 per share, citing Ather's focus on enhancing the rider experience and the success of its next-gen fast-charging rollout [3]. The company also announced its next-generation fast charger, capable of adding up to 30 km of range in 10 minutes [1].

Ather Energy's market outlook is positive, with the company's network including 4,032 chargers worldwide, of which 3,997 are in India. As of June 2025, Ather holds 318 registered trademarks, 204 designs, and 48 patents [1]. The company's new factory in Chhatrapati Sambhajinagar is expected to scale with EL platform products to meet growing demand effectively [4].

References:
[1] https://auto.economictimes.indiatimes.com/news/two-wheelers/ather-energy-launches-revolutionary-el-platform-with-advanced-technology-enhancements/123598620
[2] https://trendlyne.com/equity/3080909/ATHERENERG/ather-energy-ltd/
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UO0AA:0-india-s-ather-energy-hits-record-high-on-ev-growth-optimism/
[4] https://www.business-standard.com/companies/news/ather-energy-unveils-new-2w-platform-for-next-generation-of-e-scooters-125083000444_1.html