Ather to file IPO next week; Q1 revenue at ₹339 cr

- Ather Energy is planning to file its draft red herring prospectus (DRHP) with SEBI next week for an INR 4,500 Cr IPO, targeting a valuation of around $2.5 Bn. - This move follows Ola Electric's public debut, which raised over INR 6,145.6 Cr, valuing the company at $4 Bn. - Ather recently joined the unicorn club after raising INR 600 Cr from National Investment and Infrastructure Fund, reaching a post-money valuation of $1.3 Bn. - The company manufactures escooters and battery packs, and has expanded its business to Sri Lanka and Nepal. - Despite its growth, Ather remains a loss-making entity, with net losses widening to INR 1,059.7 Cr in FY24. Source: [Inc42](https://inc42.com/buzz/ather-energy-eyes-inr-4500-cr-ipo-to-file-drhp-next-week/)

SentinelPrime

Cisco

10 days ago

Wow proud of what they’ve accomplished. Love the Ather product Heard they came very close to going bankrupt in this journey. But finally they’ll be going public. ❤️

DihydroOxide

Oracle

10 days ago

Even though they have the best product out there, marketing matters. If I ask a common man in my Tier 3 town about Ather, most probably they might not have heard it. The name itself is too fancy. I still doubt their future progress. Also I do believe traditional ICE players will take over in EVs too and recent reports are suggesting the same. Anyways, it's a great company with a genuine product.