Why Ather Wants A Fresh Infusion Of Funds Just A Year After Its IPO

The Bengaluru-based startup is now eyeing the raise of ₹2,500 Cr via a qualified institutional placement (QIP)

The proposed fundraise, in one or more tranches, will be used to support research and development, expand marketing initiatives, repay or prepay certain borrowings, and meet other corporate requirements

For Ather, the next challenge is scaling nationally while preserving margins, which is why it is now entering a more investment-intensive phase of its growth.

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Over a year after raising ₹2,626 Cr via its IPO, Ather Energy is looking to raise more fresh capital. The Bengaluru-based startup is now eyeing the raise of ₹2,500 Cr via a qualified institutional placement (QIP).  

Since its listing, the E2W maker has managed to significantly boost its sales footprint, clocked record revenues, improved market share and significantly narrowed its losses. As per........

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