Tiger Global, the high-profile global investor, has completely exited its stake in Ather Energy, selling 5% of the electric two-wheeler maker for a staggering Rs 1,204 crore. The
Tiger Global, the high-profile global investor, has completely exited its stake in Ather Energy, selling 5% of the electric two-wheeler maker for a staggering Rs 1,204 crore. The exit, executed on November 6, 2025, came via open market transactions on both NSE and BSE, with shares averaging over Rs 620 each.
The sale included 1 crore shares on NSE at Rs 623.56 per share and 93 lakh shares on BSE at Rs 620.45, marking the end of Tiger Global’s 1.93 crore-share holding in the EV startup. Bulk deals also saw IRAGE BROKING SERVICES LLP acquiring 22 lakh shares worth Rs 137 crore, signaling active market interest in Ather Energy’s stock.
Despite the investor exit, Ather Energy continues to impress. In October, it posted a 53% surge in EV registrations, reclaiming its third position in the Indian EV market with 28,061 units sold and a 19.53% market share. The company also surpassed Ola Electric in market capitalization, highlighting its growing dominance in the sector.
Financially, Ather Energy has shown remarkable growth. Revenue in Q1 FY26 jumped 79% to Rs 645 crore from Rs 360 crore a year ago, while net losses slightly improved to Rs 178 crore, down from Rs 183 crore. Its current market capitalization stands at Rs 24,168 crore ($2.7 billion).
Tiger Global has a history of trimming stakes in Indian EV companies, including Ola Electric earlier this year. Analysts suggest the timing of the exit—just days before Ather’s Q2 FY26 results—could indicate a strategic move to secure profits amid strong market momentum.
While some might read this as a sign of caution from a major investor, Ather Energy’s operational growth and market leadership suggest the company remains a formidable player in the EV space.
Tiger Global’s exit may stir volatility in Ather Energy’s stock in the short term. However, the company’s robust EV sales, improving revenues, and reduced losses signal strong fundamentals for long-term growth. With the EV market in India heating up, investors will be watching closely to see if Ather Energy can maintain its momentum and fend off rising competition.
