Ather Energy Share Price Gains as Company Signs MoU to Boost EV Ecosystem

Market Performance

• Ather Energy share price traded mildly positive in a quiet session.
• The stock ended the day nearly 1% higher.
• Since its listing in May 2025, Ather shares have gained close to 14%.

Main News

Ather Energy, a leading electric vehicle manufacturer, signed a MOU with the Commerce Ministry on July 29 to strengthen India’s EV and advanced manufacturing sectors.

The agreement aligns with the Build in Bharat initiative under the Startup Policy Forum (SPF). It is expected to accelerate clean mobility adoption and enhance local EV manufacturing capabilities.

Company Details

Under the collaboration, Ather Energy will:

• Offer strategic mentorship to hardware and deep-tech startups.
• Provide infrastructure support for new entrants in the EV value chain.
• Partner with DPIIT to conduct innovation programs and co-host skill development workshops.
• Take part in Startup Mahakumbh to boost awareness and collaboration in the clean mobility sector.

CEO Tarun Mehta emphasized that policy backing and industry cooperation can help startups scale high-quality, India-made technologies.

The initiative is designed to advance sustainable transportation while empowering manufacturing-focused startups to overcome critical technological challenges.

Financial Snapshot

Net Losses

• Ather Energy reported a narrowed net loss of ₹234.4 crore in the March quarter of FY25.
• The performance was supported by strong demand for its 'Rizta' family scooters.

Industry Context

The EV sector in India is gradually transitioning to a subsidy-free environment. The central government is shifting its focus from manufacturing incentives to price competitiveness and technological innovation.

Earlier this year, Commerce Minister Piyush Goyal stated that no new subsidies were needed, citing the sector's readiness to grow independently.

Joint Secretary Sanjiv Singh of DPIIT noted that the collaboration with Ather Energy will help cultivate a self-reliant EV ecosystem that supports battery tech and clean energy solutions.

Summary of the Article

Ather Energy’s latest move to partner with the Commerce Ministry underlines its commitment to strengthening India’s electric mobility infrastructure. As part of the Build in Bharat initiative, the collaboration is set to empower startups, drive innovation, and align manufacturing goals with climate commitments.

The Ather Energy share price responded positively to the development, maintaining its upward momentum since its listing earlier this year.