Secondary Issues
Electric scooter maker Ather Energy to raise fresh capital
Bengaluru-based electric two-wheeler manufacturer Ather Energy is to evaluate a fresh fundraise at its upcoming board meeting on June 12. The company is considering raising capital through various instruments, including equity shares, foreign currency convertible bonds (FCCBs), non-convertible debentures (NCDs) and warrants.The company intends to use the potential proceeds to support its expansion, which includes investments in product development, charging infrastructure, retail footprint, and technological advancements.
Between Mar 2015 and Aug 2024, Ather Energy had attracted about $ 647 M from Tiger Global, Hero Motocorp, InnoVen Capital, Sachin Bansal, GIC, NIIF, Navam Capital, Edelweiss Private Equity, Stride Ventures and others..For FY25, Ather Energy had reported about INR 2,255 Cr in Operating Income and about INR 812 Cr in Net Loss.
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