On Ather’s Listing Day, Ola’s Bhavish Aggarwal Hails a Major Moment for Indian EVs

On Tuesday, Ola founder Bhavish Aggarwal congratulated Ather Energy, a competing electric vehicle (EV) firm and sent message to its co-founder and CEO Tarun Mehta after it listed on the stock market. Ola Electric Mobility is the first electric two-wheeler company while the Ather Energy is listed as the second, issuing Rs 6,145-crore IPO last year, in August.

Social media users complimented the Ola chief's courtesy to his competitor.

"EV journey was always meant to be one where it is done in collaboration. It is comforting to know that Bhavish Aggarwal and Ola Electric both are acknowledging Ather Energy on their listing day," stated X user Jo Kar (@i_am_gustakh). "More players, more energy! Good to see Ola leading the way and Ather Energy following suit!" wrote Ayush (@ayushhhsethiya).

On X, Mehta posted, during the past 11 years, every milestone seemed like the most important moment ever because it was in that moment. But now we are realizing: we have a bigger journey ahead. An IPO is not a celebration. It is a test. Of your business, your team, your vision. It requires evidence of what's already created and faith in what's to be created. We're ready for that."

According to him, Ather Energy had begun as an engineering project, and now, it is an India-wide brand. "We've made the engine: including a product engine, a service engine, manufacturing engine, and supply chain delivering consistently. "As we go public, to the lakhs of shareholders who've invested in this dream, thank you. We assure a rewarding ride ahead, and one we hope is value accretive for everyone."