Electric vehicle manufacturer Ather Energy has signed a strategic Memorandum of Understanding (MoU) with the Commerce Ministry of India, aimed at accelerating growth in clean mobility and advanced manufacturing under the government-backed ‘Build in Bharat’ initiative, led by the Startup Policy Forum (SPF).

Announced on July 29, 2025, the collaboration is a key step towards bolstering India's position in electric vehicle (EV) manufacturing, promoting deep-tech innovation, and building a self-reliant clean mobility ecosystem. Under this MoU, Ather Energy will provide strategic mentorship to deep-tech startups, offer infrastructure support to players in the EV value chain, and co-host programs with DPIIT to develop skills and foster innovation.

Ather will also actively contribute to platforms like Startup Mahakumbh and run innovation programs to drive policy-backed industry growth in the EV sector.

Tarun Mehta, co-founder and CEO of Ather Energy, said, “We are happy to collaborate with DPIIT to strengthen support systems for hardware and deep-tech startups. With policy support and stronger industry participation, this initiative can help founders tackle core technology challenges and scale high-quality products from India.”

Sanjiv Singh, Joint Secretary at DPIIT, noted that India’s electric mobility sector is at a transformative juncture, and this partnership will help cultivate a robust environment for EV manufacturing, battery innovation, and clean energy solutions.

Shweta Rajpal Kohli, President and CEO of Startup Policy Forum, emphasized that the tie-up is critical to SPF’s ‘Build in Bharat’ vision, and unlocks collaborative potential to advance India’s manufacturing-driven clean-tech future.

Shares of Ather Energy were marginally higher, gaining close to 1% in a quiet session. Since its May 2025 listing, the stock has appreciated by nearly 14%. Financially, Ather narrowed its Q4FY25 losses to ₹234.4 crore, supported by strong demand for its best-selling Rizta family scooter.

This partnership underscores Ather Energy’s leadership role in shaping India’s sustainable transport transition and aligns with national goals for climate action and industrial self-reliance.