 "Ather Energy aims to raise Rs 4,500 crore for expansion amidst India’s booming EV market, despite widening losses and fierce competition.")
Ather Energy aims to raise Rs 4,500 crore for expansion amidst India’s booming EV market, despite widening losses and fierce competition.
Ather Energy, an Indian electric scooter manufacturer, has filed for a ₹4,500 crore (approximately $536 million) initial public offering (IPO) at a valuation of $2.5 billion. This move comes as the company aims to enhance its presence in the booming electric vehicle Market, following the recent IPO of competitor Ola Electric. From the total offering, ...
