Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the Investor Presentation on the Company''s performance for the quarter and half year ended September 30, 2026.

October 26, 2026 To To National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 5th Floor, C-1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Mumbai 400051 Dalal Street Mumbai – 400001 NSE Symbol: ATHERENERG Scrip Code: 544397 Sub: Investor Presentation for the quarter and half year ended September 30, 2026 Dear Sir/ Madam, Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the Investor Presentation on the Company’s performance for the quarter and half year ended September 30, 2026. Kindly take the above information on record. Thank you For Ather Energy Limited Puja Aggarwal Company Secretary & Compliance Officer Membership No: A49310 Earnings Call Q2 FY27 Forward Looking statement disclaimer This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. The Company assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise. Highest ever Industry registrations with broad based growth INDUSTRY REGISTRATIONS1 MIDDLE INDIA2 SOUTH INDIA3 REST OF INDIA4 +82%* 6.0L +85%* +82%* +79%* as on Q2 FY 27 +66%* +82%** +54%* as on Q1 FY 27 3.3L * * 3.1L Broad based growth in Q2 with converging growth rates South India continues to grow despite being biggest and Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 most penetrated E2W market in Q1 FY 27 25 25 25 25 26 26 26 26 27 27 Note: 1. Overall India; 2. Middle India comprises of Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Dadra and Nagar Haveli and Daman and Diu; 3. South India comprises of Andhra Pradesh, Goa, Karnataka, Kerala, Tamil Nadu, Telangana, Andaman & Nicobar islands, Lakshadweep, Puducherry; 4. Rest of India is defined as all states and Union territories excluding South India and Middle India. * Q2 FY 27 vs Q2 FY 26 YoY Growth comparison; ** Q1 FY 27 vs Q1 FY 26 YoY Growth comparison Source: Industry - Vahan 3 E2W penetration at its highest ever, up sharply across the country PAN INDIA E2W PENETRATION1 11.2% 11.2% MIDDLE INDIA2 SOUTH INDIA3 REST OF INDIA4 7.8% 7.3% 15.0% 14.7% 6.7% 4.7% 9.9% 10.8% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q2 Q2 Q2 Q2 Q2 25 25 25 25 26 26 26 26 27 27 26 27 26 27 26 27 Note: 1. Overall India; 2. Middle India comprises of Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Dadra and Nagar Haveli and Daman and Diu; 3. South India comprises of Andhra Pradesh, Goa, Karnataka, Kerala, Tamil Nadu, Telangana, Andaman & Nicobar islands, Lakshadweep, Puducherry; 4. Rest of India is defined as all states and Union territories excluding South India and Middle India. Source: Industry - Vahan 4 Ather Community Day 2026 Ather Community Day 2026 Ather TrueHealth™ What we announced Ather TrueHealth™— A comprehensive health report of your scooter Overall health report Component health Estimated resale value What we announced Ather Node™— Enables scalable EV charging in apartments Automatic queuing Smart load management Power from common load Customised billing Cost effective What we announced Ather Bedrock™— 5th generation batteries with enhanced safety and longer warranty Real-time BreachSense™ 5x cell balancing vs 10 yrs/ 1L warranty, micro-leak detection previous generation 70% SOH guarantee What we announced AutoLockTM MagicKey Metal Body Easy Serviceability AutoPop AirWalkTM Meet Solving for fundamentals Comfort and convenience 14” Front Wheel Long Travel Suspension Padded Grab Handle Combined Charging Adjustable Backrest Centre Stand Longevity Service once a year Metal body BedrockTM Battery with 10 year warranty The Magic of Ather Option 1 AirWalkTM for moving the scooter effortlessly AirWalk Gentle motor assist when you push the scooter, so it feels light at walking pace. Squeeze into tight parking Nudge it into the last gap between two scooters. Turn around in narrow lanes Swing it round without heaving the full weight. Move it in and out of home Gates, ramps and driveways without the struggle. MagicKey delivers an intuitive and seamless keyless experience Lost key detection Authenticator, works offline SmartWakeTM Jump charge the key AutoPop for a hands-free access to the under-seat storage AutoPop Opens the under-seat storage for you, so it’s easy to reach when your hands are full. Open it from a few metres away Tap the MagicKey and the seat is up before you arrive. Or press a button up close A button on the scooter does the same job. Seat stays fully upright It lifts to vertical and holds, so it won’t swing shut mid-reach. AeBSTM: New braking technology developed in-house Introducing AeBS™ <10 ms Shorter stopping Cuts braking distance, Motor responds in under 10 ms, even on slippery roads. vs ~50 ms for an ABS pulse. Advanced Electronic Braking System Motor braking and brakes working Smart front–rear split Skid watch as one. Built in India, for Indian roads. Shifts braking force forward the Spots a rear skid early and harder you brake. eases off. Comprehensive scooter portfolio 450 Rizta Konarc Demand Surge Option 1 Ather searches surge as consumer interest in EVs rises EV SEARCHES1 ATHER SEARCHES1 +34%* +94%* 94.1L 278.6L 208.6L 167.8L 48.5L 36.6L Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 25 25 25 25 26 26 26 26 27 27 25 25 25 25 26 26 26 26 27 27 1. Source: Google +AI Search Data; 2. Enquiries - Ather internal data; *Q2 FY 27 vs Q2 FY 26 YoY Growth comparison 22 Enquiries and pre-orders both more than double ATHER ENQUIRIES2 ATHER PRE-ORDERS2 +109% +108% 1.8L 0.9L 4.8L 3.2L 0.5L Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 25 25 25 25 26 26 26 26 27 27 25 25 25 25 26 26 26 26 27 27 Note: 1. Source: Industry - Vahan; 2. Enquiries & Pre Orders - Ather internal data; *Q2 FY 27 vs Q2 FY 26 YoY Growth comparison 23 Strong YoY wholesale volume growth 42% YoY Growth Ramping Supply1 Units in 1,000s Units 93,211 83,418 +42% 83,173 67,851 65,595 16k +81% 46,078 Q1 Q2 Q3 Q4 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Q2 FY 27 FY 26 FY 27 Note: 1. Numbers for the quarter is the average monthly supply calculated as average of 3 months for that respective quarter 24 Even stronger growth in YoY Registrations at 60% 60% YoY Growth1 Strong growth across Geographies Units 92,589 91,635 82,526 Rest of India2 +60% 70,734 +104% 57,745 Middle India3 44,900 South India4 Q1 Q2 Q3 Q4 Q2’26 Q2’27 FY 26 FY 27 Note: 1. Source: Vahan Portal + International dispatch data; 2. Rest of India is defined as all states and Union territories excluding South India and Middle India; 3. Middle India comprises of Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Dadra and Nagar Haveli and Daman and Diu; 4. South India comprises of Andhra Pradesh, Goa, Karnataka, Kerala, Tamil Nadu, Telangana, Andaman & Nicobar islands, Lakshadweep, Puducherry. 25 Rising demand necessitates fresh capacity Monthly average Enquiries1 334k Monthly average Pre-Orders1 Monthly average Retails + International Sales 2 Monthly average Production 3 +18-20k/month unrealized retail potential Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 Q2 27 Note: 1. Enquiries & Pre Orders - Ather Internal Data; 2. R [Showing first 8,000 characters — download PDF for full document]