The stock was trading at Rs 473, reflecting strong investor enthusiasm around the company’s innovation-led growth strategy. It has already risen nearly 35% over the past month, highlighting strong bullish momentum.
The EL platform is designed with a focus on versatility, scalability, and cost optimisation, and is expected to be a key driver of Ather’s next phase of expansion.
In its official release, Ather Energy announced that the all-new EL platform will serve as the foundation for the company’s next phase of growth, enabling greater scalability and efficiency in product development. The updated AtherStack™ 7.0 will introduce voice-based interaction as a new mode of communication with scooters, along with several advanced features. The company also unveiled its next-generation fast chargers, which offer double the charging speed.
Additionally, Ather launched Infinite Cruise™, an advanced cruise control system tailored specifically for Indian road conditions. Its popular family scooter, Rizta, will now feature a touchscreen dashboard, a new riding mode, and a fresh colour option to enhance the user experience.
Tarun Mehta, Co-founder and CEO of Ather Energy, stated that the launch of the EL platform marks the beginning of the company’s next growth chapter. He explained that while the 450 series defined Ather’s initial success, the EL platform will shape the future by enabling the development of a wider range of scooters at a much more scalable and efficient level.According to Mehta, this platform-first approach will drive faster innovation, improve efficiency and serviceability, and significantly enhance the overall rider experience. He added that the EL platform is the result of years of R&D, engineering, and learning, and the company’s new facility in Chhatrapati Sambhajinagar will be instrumental in scaling production to meet rising market demand.On the technical front, Ather Energy Ltd. is showing strong bullish momentum, as the stock is currently trading above all five key short- to medium-term Simple Moving Averages (SMAs) — specifically the 5-day, 10-day, 20-day, 30-day, and 50-day SMAs. This alignment typically indicates sustained upward momentum and strong buying interest in the stock.
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