Ather Energy, the electric-scooter manufacturer, is making significant strides as it prepares for a Rs 2,981-crore Initial Public Offering (IPO), aiming to capitalize on a growing share of India's domestic e-scooter market. Despite a history of losses, Ather has shown steady progress in reducing its cash burn and expanding its sales footprint. With a 15% market share achieved in Q1 FY25 and strong growth in key markets, the company's restructured business model and new product offerings, such as the family-friendly Rizta scooter, position it well for the future.