Hero MotoCorp Acquires 2.2% Stake in Ather Energy.
Hero MotoCorp will purchase the additional shareholding from an undisclosed existing investor.
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Mahendra Lochhab
Content creator âąÂ 4m
Electric vehicle maker Ather Energy is targeting a valuation of $2.4 billion for its IPO. This valuation will be up more than 80% from its last funding round in August.
Hero motocorp is the biggest investor in Ather.
What next for Ather? A Hero subsidiary status? đ đ
With the latest development, that has never been more likely.
Let's dive in!
..
Whenever Ather Energyâs in need of more money, Hero pounces in.
-> This was evident in the Sep rights issue where
Let's Decode Ather Energy đ€ŻđđČ
Today I saw various Ather Energy Scooters like 450 Plus and 450X and decided to make on Ather Energy đđ€Żđ.
Introduction:
âą Ather Energy, established in 2013 in Bangalore, India, specializes in electric scooters.
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Aryan patil
 âąÂ
Monkey Ads âąÂ 11m
"Ather energy is losing it's energy"
Hero moto corp acquired another 2% in AE now total combined 42% stack on AE.
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Piyu
....... âąÂ 1m
đš Ather IPO Alert đ”
âĄïžRaised âč1,340 Cr from anchor investors (SBI, ADIA, Franklin, Morgan Stanley)
âĄïžHero MotoCorp is the biggest shareholder (~38%)
âĄïžFY24: âč1,753 Cr revenue, âč1,062 Cr loss
âĄïžValued at ~$1.44B
EV wave is going public â are you w
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Swayam Chatterjee
Boring person âąÂ 12m
Why India's OG Electric Scooter Company is Failing?
Founded in 2013 by Tarun and Swapnil, Ather initially aimed to build a battery company. However, they shifted their focus to creating electric vehicles due to existing EVsâ poor performance and de
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gray man
I'm just a normal gu... âąÂ 12d
Electric commercial vehicle manufacturer Euler Motors has successfully raised INR 638 Cr (approximately $75 Mn) in its Series D funding round. The round was led by Hero MotoCorp, with existing investor British International Investment also participat
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Mridul Das
Introvert! âąÂ 1m
Wow Ola Electric sale rises to 170% from last month where total sale of electric scooter rises 72 % .
Feb: 8,653 units
March: 23,430 units
Now Ola has 20% market share
Bajaj remains at top with 30% market share.
Feb: 21,537 units
March: 34,8
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Harsh Dwivedi
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Medial âąÂ 11m
Top News Of the Day:
1. HSBC does not see any value in BYJU's stake due to ongoing legal cases and funding challenges, which once was worth $500 Mn
2. HSBC has revised its valuation estimate for several Indian startups, including B2B ecommerce plat
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Ashu Singh
Hey I am on Medial âąÂ 8m
Indian electric scooter manufacturer Ather Energy is aiming to raise approximately $530 million through its initial public offering (IPO), as outlined in its draft prospectus filed on Monday. The Bengaluru-based startup plans to capitalize on the inc