Kathmandu- Vaidya Energy Pvt Ltd announced the introduction of the 2025 Ather 450X and the 2025 Ather 450S, known as the “Bike of Scooters”. The Ather 450X now comes with multi-mode traction control - a game changer in rider safety, in Nepal. This innovation prevents the scooter from slipping on low-friction surfaces, ensuring a superior stability and control. It provides the rider with a more confident riding experience in city traffic and beyond. The multi-mode traction control feature is designed to enhance rider safety by preventing the scooter from slipping on low-friction surfaces. The traction control system steps in under slippery conditions to

synchronize the rear wheel speed with the front, ensuring better stability. Riders can select from three distinct modes - Rain Mode, Road Mode and Rally Mode - to suit their control needs, each fine-tuned for specific riding scenarios.

● The Rain Mode prioritizes maximum safety, reducing slip for enhanced grip on wet & slipperysurfaces.

● The Road Mode strikes a balance between safety and performance, ideal for everyday riding.

● The Rally Mode is designed for off-road enthusiasts, offering controlled slip. This feature not only

enhances rider safety but also unlocks performance potential, providing the confidence and control to extract the best out of the scooter in any condition. Speaking on the occasion, Suryansh Vaidya, CEO, Vaidya Energy Pvt Ltd said “Over the last 1.5 years, Ather scooters have been well received in Nepal, with customers being particularly impressed with theperformance of the 450X and 450S. Now, we are excited to announce the introduction of the 2025 Ather 450, which further enhances not just the safety, but also the performance of the scooters. By introducing multi-mode traction control, we’re delivering features once reserved for premium motorcycles, all wrapped up in a sleek scooter design. This new update along with improved range will also make rides more convenient for our customers and we are looking forward to seeing a positive customer response to the same.”

To further improve the riding experience, Ather has also focused on maximizing range and has introduced multi-compound tyres developed with MRF on the 2025 Ather 450, reducing energy loss due to friction

while braking and also optimizing the energy consumption. The result:

● An improved True Range of up to 130 km on the Ather 450X 3.7kWh (IDC Range 161 kms).

● An improved True Range of up to 105 km on the 450X 2.9 kWh (IDC Range 126 kms) and the Ather

450S (IDC Range 122 kms) The 2025 Ather 450 will be powered by Ather Stack 6, the latest version of Ather’s software engine, which

has a host of features such as:

● Google Maps integration for seamless navigation.

● Alexa voice assistant support for hands-free operation.

● WhatsApp notifications on the dashboard, allowing riders to stay connected without using their smartphones.

● “Ping My Scooter” feature to easily locate the scooter in crowded parking spaces using sound and visual cues.

● Live Location Sharing, enabling riders to share their real-time location with a preset contact while on the move.

Ather Energy’ s first Experience Centre was opened in Nepal in 2023, in collaboration with Vaidya Energy

Pvt Ltd. Currently, there are 6 Ather Experience Centres, 1 test ride zone, 5 service centres and 21 Ather Grid fast chargers in Nepal. The 2025 Ather 450 is priced starting at

● NRs 324,999 for the 2025 Ather 450S model.

● NRs 364,999 and NRs 399,999, for the 2025 Ather 450X (2.9 kWh) and the 2025 Ather 450X (3.7 kWh), respectively. To further enhance customer confidence, Vaidya Energy is also introducing the Eight 70 Warranty, which includes a

● Battery warranty for 8 years or 80,000 km, whichever comes first

● 70% battery health assurance, ensuring long-term performance and reliability.

The AMC Package offers

● Ather Care

● Ather Care Plus

● Ather Care Max

Additionally, Vaidya Energy has also opened bookings for the highly anticipated Ather Rizta, further expanding its lineup to cater to a wider audience looking for innovation and efficiency in electric mobility. About Vaidya Energy Pvt Ltd (Ather Energy Nepal) Vaidya Energy Pvt Ltd (Ather Energy Nepal) is the sole distributor Ather Scooter in Nepal and subsidiary of Vaidya Group. It is one of the country’s leading EV scooter brands, leading the charge in electric mobility

with a focus on innovation, performance, and sustainability. With 6 Experience Centers, 1 Test Ride Zone, 5 Service Centre, and 21 Fast Charging Grid stations nationwide, Ather Energy Nepal continues

to revolutionize the EV landscape in Nepal.

About Ather Energy Limited

Ather Energy Limited is an electric vehicle manufacturer founded in 2013 by IIT Madras alumni Tarun Sanjay Mehta and Swapnil Babanlal Jain. In 2018, Ather launched its electric scooter, the Ather 450, which was followed by the Ather 450X in 2020. Further, in August 2023, Ather introduced the 450S and two variants of the 450X. This was followed by the launch of Ather’s first family scooter, Rizta, which focuses on customers with families, in April 2024. Moreover, Ather has also established a public charging network, called the Ather Grid, which is designed and built in India. Ather has installed over 2,500 fast chargers

across India as of December 31, 2024. As at December 31, globally, Ather Energy had 304 registered trademarks, 200 registered designs and 45 registered patents, in addition to pending applications for 11 designs, 103 trademarks and 281 patents.

Ather Energy Limited (“Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated September 9, 2024 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the websites of our Company, at www.atherenergy.com, SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, Nomura Financial Advisory and Securities (India) Private Limited at www.axiscapital.co.in, www.business.hsbc.co.in/en- gb/regulations/hsbc-securities-andcapital-market, www.jmfl.com and

www.nomuraholdings.com/company/group/asia/india/index, respectively, and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP filed with SEBI for any investment decision. The equity shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold,

and bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. The equity shares have not been and will not be registered under the US Securities Act of 1933 (“U.S. Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable United States state securities laws.