Ather Energy

- Ather Energy, an electric two-wheeler manufacturer, secured $71 Mn (INR 600 Cr) from National Investment and Infrastructure Fund (NIIF), valuing the company at $1.3 Bn post-money. - NIIF was an investor in Ather's Series E round, which raised $128 Mn alongside Hero MotoCorp and others. - Ather Energy is planning a public listing by the end of 2024, targeting a valuation of around $2 Bn. - The company reported a net loss increase of 22.5% to INR 1,059.7 Cr in FY24, while revenue from operations slightly rose to INR 1,789.10 Cr. - Ather joins India's unicorn club, following recent entries like Krutim AI, Perfios, and Rapido. Source: [Inc42](https://inc42.com/buzz/ather-energy-joins-unicorn-league-by-raising-71-mn-funding-from-niif/)

Any tea on company? Investable or not during IPO? Their product is obviously much better than others but not sure how their product portfolio will pan out. On top of that they are not even EBITA positive and still going public.