Hero MotoCorp Acquires 2.2% Stake in Ather Energy.
Hero MotoCorp will purchase the additional shareholding from an undisclosed existing investor.
0 replies2 likes
More like this
Recommendations from Medial
Mahendra Lochhab
Content creatorย โขย 3m
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? ๐ ๐
With the latest development, that has never been more likely.
Let's dive in!
..
Whenever Ather Energyโs in need of more money, Hero pounces in.
-> This was evident in the Sep rights issue where
Let's Decode Ather Energy ๐คฏ๐๐ฒ
Today I saw various Ather Energy Scooters like 450 Plus and 450X and decided to make on Ather Energy ๐๐คฏ๐.
Introduction:
โข Ather Energy, established in 2013 in Bangalore, India, specializes in electric scooters.
See More
41 replies21 likes
Aryan patil
ย โขย
Monkey Adsย โขย 11m
"Ather energy is losing it's energy"
Hero moto corp acquired another 2% in AE now total combined 42% stack on AE.
8 replies9 likes
Pika
.......ย โขย 13d
๐จ Ather IPO Alert ๐ต
โก๏ธRaised โน1,340 Cr from anchor investors (SBI, ADIA, Franklin, Morgan Stanley)
โก๏ธHero MotoCorp is the biggest shareholder (~38%)
โก๏ธFY24: โน1,753 Cr revenue, โน1,062 Cr loss
โก๏ธValued at ~$1.44B
EV wave is going public โ are you w
See More
0 replies7 likes
Swayam Chatterjee
Boring personย โขย 11m
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 EVsโ poor performance and de
See More
6 replies14 likes
Mridul Das
Introvert!ย โขย 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
See More
2 replies14 likes
Harsh Dwivedi
ย โขย
Medialย โขย 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
See More
4 replies28 likes
Ashu Singh
Hey I am on Medialย โขย 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
