EV startup Ather seeks to raise $370 million in India IPO

Indian electric scooter manufacturer Ather Energy plans to raise about $370 million by issuing fresh shares in an initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market. The Bengaluru-based lossmaking startup, which competes with […] © 2024 TechCrunch. All rights reserved. For personal use only.

Sep 9, 2024 - 12:25

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EV startup Ather seeks to raise $370 million in India IPO

Indian electric scooter manufacturer Ather Energy plans to raise about $370 million by issuing fresh shares in an initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market. The Bengaluru-based lossmaking startup, which competes with […]