2025 Climate Tech Companies to Watch: Ather Energy and its premium e-scooters

A few EV makers in India went belly up after the government abruptly scaled back incentives and cracked down on the misuse of subsidies. Ather survived the storm and sales are increasing. More than 70% of the 200 million registered vehicles in India are two-wheelers. Ather Energy builds e-scooters for the rising middle class that could help commuters ditch highly-polluting, gas-guzzling models. While sales of Tesla or BYD cars drove electric vehicle adoption elsewhere in the world, two-wheelers have led the green energy transition in India. As one of the earliest "pure play" e-scooter makers, Ather Energy has helped drive micromobility EV penetration throughout India and boosted the shift away from carbon-emitting vehicles.