Global investment firm Tiger Global has officially exited Ather Energy, selling its entire 5.09% stake for approximately ₹1,204 crore through open-market transactions on November 6, 2025. This marks one of the most prominent exits by a foreign investor in India’s clean mobility sector, highlighting both the maturity of Ather Energy and the evolving dynamics of India’s electric vehicle (EV) industry.
📉 The Exit in Numbers
Tiger Global, through its affiliate Internet Fund III, sold 1.93 crore shares of Ather Energy at prices ranging between ₹620.45 and ₹623.56 per share. The bulk deal generated total proceeds of about ₹1,204 crore.
Following the sale, Ather Energy’s stock initially slipped nearly 5% due to supply pressure from the large block deal, closing at ₹634 on the NSE. Interestingly, the very next day, the stock rebounded by over 3%, closing at ₹654.70, underscoring investor confidence in the company’s long-term prospects.
🚀 Tiger Global’s Role in Ather Energy
Tiger Global was among the early backers of Ather Energy, investing in the Bengaluru-based electric two-wheeler manufacturer during its formative years. Its support helped Ather scale production, expand its product lineup, and strengthen its presence in India’s EV market.
Over the years, Tiger Global’s investment yielded significant returns. Reports suggest the exit provided the firm with a 16x return on its initial investment, making it one of the most successful bets in India’s EV startup ecosystem.
⚙️ Ather Energy’s Growth Story
Founded in 2013, Ather Energy has become a pioneer in India’s electric two-wheeler segment. Known for models like the Ather 450X, the company has built a reputation for innovation, performance, and design.
Key milestones include:
- Expansion of charging infrastructure through Ather Grid.
- Strong sales growth, with its stock surging over 116% in 2025 alone.
- IPO success, which attracted significant investor interest and boosted its market capitalization.
Tiger Global’s exit comes shortly after Ather’s IPO lock-in period ended, signaling a natural progression for early investors to realize gains.
🌍 Implications for India’s EV Sector
Tiger Global’s exit is not a sign of weakness—it reflects the maturity of India’s EV ecosystem. Several implications stand out:
- Validation of EV startups: Ather’s ability to deliver strong returns reassures global investors about India’s EV potential.
- Liquidity for new investors: The exit opens up opportunities for other institutional investors to enter Ather’s shareholder base.
- Confidence in fundamentals: Despite the temporary dip, Ather’s quick rebound shows strong market faith in its growth trajectory.
This event also highlights how India’s EV industry is transitioning from startup-driven growth to mainstream adoption, with companies like Ather leading the charge.
📈 What’s Next for Ather Energy
With Tiger Global’s exit, Ather Energy now stands at a crossroads. The company is expected to:
- Expand product portfolio with new electric scooters and possibly motorcycles.
- Strengthen exports, targeting Southeast Asia and other emerging markets.
- Invest in R&D to improve battery technology and range.
- Scale charging infrastructure, making EV adoption more convenient for consumers.
For investors, Ather remains a multibagger stock, with strong fundamentals and growth prospects in a rapidly expanding EV market.
✨ Conclusion
Tiger Global’s exit from Ather Energy is a landmark moment in India’s EV investment story. By selling its stake for ₹1,204 crore, the global investment giant not only reaped impressive returns but also validated the strength of India’s clean mobility sector.
For Ather Energy, the exit is a stepping stone toward greater independence and growth. As the company continues to innovate and expand, it stands as a symbol of India’s potential to lead the global EV revolution.
The message is clear: India’s EV startups are no longer just promising—they are delivering.