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

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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.