Ather Energy sees five times jump in revenues for FY22

Electric vehicle maker Ather Energy’s revenue for the year ended March jumped over five times to Rs 408 crore from Rs 79 crore in FY21, but its losses increased 47% on year at Rs 344 crore.

Ather sold 23,408 units of electric scooters in FY22, a 4.2 times jump from 5,523 units sold in FY 21, according to the company’s financials sourced through business intelligence platform Tofler.