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India's hottest EV startups, Ather Energy and Ola Electric, recently made their highly anticipated public debuts. But the market delivered a stunningly different verdict: as of September 2025, Ather soared nearly 65% since listing, while Ola Electric dipped a significant 22% from its debut price! Why the massive split between Ather, often called the "Apple" of e-scooters, and Ola, the "Tesla of two-wheelers," despite both driving India's electric revolution? We cut through the hype to analyze the fundamental differences in their strategies—Ather's technology-driven, premium approach versus Ola's aggressive, mass-market scale and vertical integration. We also dive into the high-stakes battle with legacy giants like TVS and Bajaj. The episode reveals the latest market dynamics, including recent market share reshuffles and why the market has assigned a higher valuation multiple to Ather's model (9.1x sales) compared to Ola's (6.9x sales). We analyze how product strategy, distribution network expansion, and execution risks impact the bottom line for both. So, who is truly winning India's electrified road-war, and which playbook—Ather's growth compounder or Ola's scale story—is poised to dominate the future? Watch our complete, in-depth video now to get all the insights! About Groww Groww is India’s Best Investment App and the Largest Stock Broker. Find us here: Android app: https://app.groww.in/v3cO/f9o4prne iOS app - https://app.groww.in/v3cO/tu0yrc3e Website - https://groww.in/ Investment in securities market are subject to market risks, read all the related documents carefully before investing. If you have any concerns with respect to Groww, please feel free to write to us at [email protected] or you can call us at +91 9108800000. Name of the Research Analyst - Cleyon Savio Dsouza Name of the Creator - Ashwin Raghunath RA link - https://groww.in/pages/sebi-research-...