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EV-maker Ather Energy eyes $2.4 billion valuation for upcoming IPO

Inshorts · 8m ago

EV-maker Ather Energy eyes $2.4 billion valuation for upcoming IPO

Electric vehicle (EV) maker Ather Energy is aiming for $2.4 billion valuation for its upcoming initial public offering (IPO) this year. The valuation would be over 80% jump from its last funding round in August, when it became a unicorn with $1.3 billion valuation. It had raised $71 million from existing investor National Investment and Infrastructure Fund (NIIF) in it.

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Related News

Ather Energy Eyes INR 4,500 Cr IPO, To File DRHP Next Week

Inc42 · 1y ago

Ather Energy Eyes INR 4,500 Cr IPO, To File DRHP Next Week

Ather Energy is planning to raise $2.5 billion through its IPO, combining a fresh issue and an offer for sale. This move follows the successful IPO of its competitor, Ola Electric. Ather recently entered the unicorn club after securing $71 million from its existing investor, the National Investment and Infrastructure Fund, valuing the company at $1.3 billion.

Electric scooter maker Ather Energy receives Sebi nod for IPO

Economic Times

Economic Times · 8m ago

Electric scooter maker Ather Energy receives Sebi nod for IPO

Ather Energy, a Bengaluru-based electric scooter maker, has received approval from India's SEBI to launch an IPO, making it the second Indian EV manufacturer to go public after Ola Electric. The IPO includes a fresh issue of shares worth Rs 3,100 crore and an offer for sale from existing shareholders. Despite financial challenges, including widened losses, Ather plans to use the proceeds for capital expenditure, R&D, debt repayment, marketing, and general corporate purposes.

SEBI approves IPOs of Ather Energy, Leela Hotels owner, 4 others

Inshorts · 8m ago

SEBI approves IPOs of Ather Energy, Leela Hotels owner, 4 others

SEBI has approved the IPOs of EV maker Ather Energy and Leela Hotels' parent firm Schloss Bangalore. Oswal Pumps, Quality Power Electrical Equipments, Ivalue Infosolutions and Fabtech Technologies also received the SEBI nod to launch their IPOs. Schloss' IPO will be worth ₹5,000 crore, while Ather's IPO will have a fresh issue worth ₹3,100 crore and an offer-for-sale component.

Ather Energy picks JPMorgan, Nomura, HSBC, Indian banks for its $2 billion IPO: Report

IndianStartupNews

IndianStartupNews · 1y ago

Ather Energy picks JPMorgan, Nomura, HSBC, Indian banks for its $2 billion IPO: Report

Indian electric scooter manufacturer Ather Energy has selected HSBC, Nomura, and JPMorgan to lead its upcoming IPO. The company has also brought on JM Financial and Axis Bank for its market debut, aiming for a valuation of around $2bn. The IPO is expected in the latter half of 2024, subject to market conditions. Ather Energy plans to raise $400m through the share sale, with details on the IPO's size and valuation still being finalised. The start-up, founded in 2013, is known for its premium electric scooters and has received backing from Hero MotoCorp and GIC, among others.

Zerodha co-founder Nikhil Kamath to invest in Ola Electric-rival Ather Energy: Report

IndianStartupNews

IndianStartupNews · 2y ago

Zerodha co-founder Nikhil Kamath to invest in Ola Electric-rival Ather Energy: Report

Zerodha's Co-founder, Nikhil Kamath, is set to invest in Ather Energy, an EV maker competing with Ola Electric. The investment will be a secondary share sale, with Nikhil acquiring existing investors' shares in the company. Ather Energy recently raised Rs 900 crore in funding and offers electric two-wheelers such as the 450S and 450X models. Notable investors in Ather Energy include Hero MotoCorp, GIC, and Sachin Bansal.

EV company Exponent eyes $25 million at $100-120 million valuation

Economic Times

Economic Times · 1y ago

EV company Exponent eyes $25 million at $100-120 million valuation

EV fast charging startup Exponent Energy is set to close its funding round, raising $25 million at a valuation of $100-120 million. The round will be led by Eight Roads, with participation from existing investors Lightspeed India and AdvantEdge VC. The funds will be used to expand the charging infrastructure into more cities and enhance the battery portfolio for additional use cases. Exponent Energy, founded by former Ather Energy executives, developed a technology to fully charge a vehicle in 15 minutes. The company plans to expand into Delhi, Mumbai, Chennai, Hyderabad, and Ahmedabad.

Ather Energy's $352-mn IPO crosses finish line on final day of bidding

VCCircle

VCCircle · 4m ago

Ather Energy's $352-mn IPO crosses finish line on final day of bidding

Electric scooter-maker Ather Energy's $352-million IPO was fully subscribed on the final bidding day, indicating positive investor interest despite market volatility. The company seeks a $1.4 billion valuation through this offering, marking India's third-largest this year. The IPO saw significant participation from qualified institutional buyers and retail investors. Analysts view Ather's IPO as pivotal for India's IPO market. Funds raised will support the construction of a third factory and continued research and development.

Ather Energy converts preference shares into equity; likely to launch IPO in April

Economic Times

Economic Times · 6m ago

Ather Energy converts preference shares into equity; likely to launch IPO in April

Ather Energy Ltd, an electric two-wheeler maker, is gearing up for its IPO by converting compulsory convertible preference shares into equity. This conversion complies with regulatory requirements and prepares the company for its expected IPO launch in April. Ather aims to raise funds for a new factory and debt reduction, offering a mix of fresh equity and shares from promoters. This move follows Ola Electric's IPO last year and expands Ather's research capabilities.

Ather enters unicorn lane with $71 million from govt’s NIIF

Economic Times

Economic Times · 1y ago

Ather enters unicorn lane with $71 million from govt’s NIIF

Indian electric scooter maker Ather Energy has become a unicorn following a $71 million funding round from existing investor National Investment and Infrastructure Fund (NIIF). With a valuation of $1.3 billion, Ather is the country's fourth unicorn this year and second in the mobility space. Ather's larger rival, Ola Electric, recently went public and has seen its stock rise in value. Ather plans to use the funding to expand its product offerings and manufacturing capabilities. The company holds about 9% market share in the electric scooter market in India.

30 Startups To Watch: Startups That Caught Our Eyes In May 2025

Inc42 · 3m ago

30 Startups To Watch: Startups That Caught Our Eyes In May 2025

In May 2025, the Indian startup ecosystem showed a strong recovery, raising $1.1 billion, more than double April's figure. Key developments such as Ather Energy's public debut and IPO filings by Groww and Shiprocket reinforced investor confidence. The month's "30 Startups To Watch" highlighted innovative ventures across sectors like spacetech, EV, climate tech, and healthtech. Notable startups include Adalat AI for courtroom digitization, Anahad Pharma for pharma logistics, and MedVital for wound care technology.

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