The new subsidiary will act as a corporate agent in the insurance market, aiming to offer and facilitate various insurance policies. Previously, Ather Energy had disclosed a board decision made on December 19, 2025, to create this wholly owned subsidiary.
The subsidiary has been founded as a fully owned entity of Ather Energy Limited, with complete shareholding and control achieved through cash investments. The company has committed to the initial paid-up share capital, valuing each share at ₹10.
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While no specific government or regulatory consents were needed for incorporation, the company stated it will secure necessary endorsements from the Insurance Regulatory and Development Authority of India (IRDAI) prior to starting operations.
Fourth Quarter
Ather Energy’s net loss reduced in the fourth quarter. The electric vehicle manufacturer recorded a net loss of ₹100 crore during the January-March timeframe, a decrease from the ₹234.4 crore loss reported in the same quarter last year.
Quarterly revenue soared by 73.8% year-on-year, reaching ₹1,174.4 crore compared to ₹676 crore previously. The losses on the Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) front also decreased significantly to ₹70 crore, down from a loss of ₹173 crore in the prior year.
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In an exchange filing, the company revealed it achieved record quarterly volumes of 83,418 units, marking a 76% increase from the previous year. For the entire financial year, it sold 2.62 lakh units, a rise of 69% year-on-year.
Ather Energy attributed its growth during FY26 to geographic expansion, an increasingly robust retail presence, and the continued strong sales of its family scooter Rizta.
Ather Energy Ltd shares closed at ₹957.50, gaining ₹6.95, or 0.73%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
