Global investment firm Tiger Global (Internet Fund III Pte Ltd) has completely exited its position in Ather Energy, the Bengaluru-based electric two-wheeler manufacturer, through open-market transactions conducted on November 6, 2025.
According to exchange data, the fund sold its entire 5 percent stake, equivalent to 1.93 crore shares, fetching a total of ₹1,204 crore. Tiger Global offloaded 1 crore shares on the NSE at an average price of ₹623.56 and another 93 lakh shares on the BSE at ₹620.45 per share.
Bulk Deals and Market Activity
The transactions also witnessed activity from IRAGE Broking Services LLP, which bought 22 lakh shares worth ₹137 crore at an average of ₹622.26 per share while selling about 2 lakh shares worth ₹14.5 crore to stabilise prices.
Following the sale, Tiger Global’s shareholding in Ather Energy now stands at zero, marking a full exit after several years of backing India’s EV ecosystem. The move comes just ahead of Ather’s Q2 FY26 results, scheduled for November 10.
Ather Energy’s Growth Momentum
Ather Energy retained its third position in India’s EV two-wheeler market in October 2025, registering 28,061 units, a 53 percent month-on-month jump, and capturing 19.53 percent market share. The company also overtook Ola Electric in terms of market capitalization, which currently stands at ₹24,168 crore ($2.7 billion).
For Q1 FY26, Ather Energy’s revenue rose 79 percent year-on-year to ₹645 crore, while net losses narrowed to ₹178 crore, compared with ₹183 crore in Q1 FY25.
Notably, Tiger Global also reduced its stake in Ola Electric earlier this year, signalling a strategic re-balancing of its India mobility investments.
Keep building. Keep learning. Keep growing with StartupByDoc.