Investment firm Tiger Global Management has fully exited Ather Energy on October 6, selling its entire 5.09% stake in the electric two-wheeler manufacturer for ₹1,204 crore through open market transactions, according to bulk deal data released by the BSE and NSE.
Through its affiliate Internet Fund III Pte Ltd, Tiger Global sold a little over 1.93 crore equity shares at prices ranging between ₹620.45 and ₹623.56 per share. This move follows Ather Energy’s initial public offering (IPO) in April 2025, which raised approximately ₹2,900 crore at a valuation of nearly ₹12,000 crore. As of November 7, 2025, Ather Energy’s market capitalisation stands at around ₹24,800 crore.
Founded by Tarun Mehta and Swapnil Jain, Ather Energy counts Hero MotoCorp and Singapore’s sovereign wealth fund GIC among its major investors. Before Tiger Global’s exit, Flipkart co-founder Sachin Bansal, an early investor, had also reduced his stake in the company.
Tiger Global’s exit, coming just days before Ather Energy’s Q2FY26 results, arrives at a crucial time when the EV maker is striving to balance aggressive expansion with profitability. In Q1FY26, Ather Energy reported revenues of around ₹645 crore, marking a 79% year-on-year growth, but continued to post net losses of ₹178 crore for the April–June quarter of FY26.