CosmicTaco

Who Will Win the Two-Wheeler EV Race?

CosmicTaco · 2024-09-11T16:26:47.693410+05:30

- Ather Energy has filed for an IPO, aiming to raise about ₹3,100 crores through fresh shares and offers for sale. - In FY24, Ather reported revenues of ₹1,700 crores but faced losses of ₹1,000 crores, partly due to reduced FAME subsidies. - Ola Electric, a major competitor, reported revenues of ₹5,200 crores with losses of ₹1,580 crores in FY24. - Ola holds 35% market share, TVS 19%, and Ather 12%, with Ola selling 3.3 lakh scooters compared to Ather's 1.1 lakh in FY24. - The Indian two-wheeler market is shifting towards electric, with sales growing by 100% between FY2019 and FY2024, while petrol two-wheeler sales declined by 4%. Source: [Zerodha- The Daily Brief](https://substack.com/@zerodhaonline/p-148738353)

Ather Energy has filed for an IPO, aiming to raise about ₹3,100 crores through fresh shares and offers for sale.
In FY24, Ather reported revenues of ₹1,700 crores but faced losses of ₹1,000 crores, partly due to reduced FAME subsidies.
Ola Electric, a major competitor, reported revenues of ₹5,200 crores with losses of ₹1,580 crores in FY24.
Ola holds 35% market share, TVS 19%, and Ather 12%, with Ola selling 3.3 lakh scooters compared to Ather's 1.1 lakh in FY24.
The Indian two-wheeler market is shifting towards electric, with sales growing by 100% between FY2019 and FY2024, while petrol two-wheeler sales declined by 4%.

Source: Zerodha- The Daily Brief

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Who Will Win the Two-Wheeler EV Race?

Talking product sense with Ridhi

Ather Energy’s Losses Widen to Rs 1,059 Crore in FY24

Grapevine News Bulletin 📰

Honda India to Launch First Electric Scooter by March 2025

Ather to file IPO next week; Q1 revenue at ₹339 cr

9 minute ⏱AI Interviews

9 minute ⏱
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