Post on Medial

Sanskar

Stealth • 3m

Unicorn Alert! Ather Energy, an Indian electric scooter manufacturer, is now the 4th Unicorn of 2024. After raising $71 million in a funding round led by National Investment and Infrastructure Fund (NIIF) pushing their valuation to $1.3 billion Founded in 2013 by IIT Madras graduates Tarun Mehta and Swapnil Jain. Ather has grown to become one of the top EV scooter manufacturer in India selling over 1.73 Lakh scooter so far Rumours say that they can go public in the second half 2024 especially when Ather converted to a public limited company earlier this year which comprises often do before going public After Ola electric's recent IPO success Ather might be eager to take advantage of the already favourable market What do you think about Ather comment down your thoughts

1 replies4 likes
Replies (1)

More like this

Recommendations from Medial

Image Description
Image Description

Swayam Chatterjee

Stealth • 5m

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 EVs’ poor performance and de

See More
6 replies14 likes

Ashu Singh

Stealth • 2m

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

See More
0 replies1 like
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 2m

Top News of the Day: 1. After a crackdown on peer-to-peer (P2P) lending by the Reserve Bank of India (RBI), MobiKwik’s Xtra investors are facing troubles with withdrawals. 2. Porter reports Rs 2,734 Cr revenue in FY24; losses dip 45% 3. DirecTV fi

See More
4 replies30 likes
1
Image Description
Image Description

VCGuy

Stealth • 2m

I've always been a fan of Ather Energy. The quality of technology and engineering behind the product blows me away. Not many know - they were basically pioneers in developing EV battery technology and charging standards in India(especially early o

See More
4 replies14 likes
4
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 3m

Top News of the Week: 1. Funding: - 25 Indian startups raised around $432 million in funding. These deals count 6 growth-stage deals and 16 early-stage deals while 3 early-stage startups kept their transaction details undisclosed. - On a weekly b

See More
2 replies34 likes
5
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 3m

Top News of the Day: 1. Ola Electric shares extend listing-day gains; jump 20% 2. Indian drone technology company Garuda Aerospace is expanding into the Sri Lankan market 3. Amazon India has announced a strategic partnership with Gentari, an elec

See More
2 replies45 likes
2
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 7m

Top News Of the Day: 1. WeWork plans to sell 27% stake in Indian arm for Rs 1,200 Cr 2. Indian electric two-wheeler manufacturer, Ather Energy, is reportedly in the final stages of securing $75-$90 million in primary funding from its existing inves

See More
21 replies59 likes
3
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 3m

Top News of the Day: 1. Zomato collected Rs 83 cr in platform fee from customers till March 2. Zetwerk, a contract manufacturing unicorn, has partnered with Smile Electronics to set up three advanced IT hardware production factories in India. 3. I

See More
4 replies32 likes
6

Harsh Dwivedi

 • 

Medial • 9d

Top News of the Day: 1. Zetwerk, a startup, is planning to raise $1 billion through an initial public offering (IPO) after engaging in talks with JP Morgan 2. Apple Inc plans to increase its iPhone production volume to 32% and its production value

See More
0 replies48 likes
2
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 5m

Top News of the Week: 1. Funding: - Indian startups cumulatively raised $217.84 Mn via 31 deals, a 273% increase from last week's $58.36 Mn raised across 16 deals - With top fundraising like TechnoSport and Libas bagging $25 Mn and $18 Mn respecti

See More
3 replies14 likes
3

Download the medial app to read full posts, comements and news.