US-headquartered investment firm Tiger Global has entirely divested its shareholding in the Indian electric two-wheeler manufacturer, Ather Energy.

The firm sold its full 5% stake in the company through open market transactions. These sales, conducted on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), cumulatively generated approximately ₹1,204 crore for the investment giant.

The timing of the exit aligns with the expiration of the post-listing lock-in period that applied to the startup’s pre-IPO investors. Ather Energy successfully listed on the stock exchanges on May 6th.

Financial Performance and Market Context

The divestment by Tiger Global takes place as Ather Energy demonstrates robust operational momentum. In its first-quarter results for the financial year 2026, the Bengaluru-based firm reported:

• Operating Revenue surged by 79% year-on-year to reach ₹644.6 crore.
• Vehicle Sales nearly doubled compared to the same period last year, totaling 46,078 units.
• The Net Loss saw a marginal reduction, narrowing to ₹178 crore from ₹183 crore the year prior.

The electric scooter maker’s shares have shown significant growth since their listing price of ₹328, closing the recent trading week at ₹654.70 per share.

Notably, this transaction follows a similar move earlier in the year, where Tiger Global also reduced its stake in Ather’s direct competitor, Ola Electric.