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The Latest Breaking News from Ather

Ather Energy raises Rs 1,300 crore via QIP, allots shares at Rs 1,202 apiece

Ather Energy successfully raised Rs 1,300 crore via a qualified institutional placement. The company also secured Rs 1,200 crore from existing investors, totaling Rs 2,500 crore. These funds will support manufacturing expansion and new product development initiatives. Ather plans to invest significantly in a new Maharashtra facility to boost production…

The Economic Times

Ather Energy gets board nod for Rs 1,200 crore fund raise, Hero MotoCorp to invest Rs 960 crore

Ather Energy gets board nod for Rs 1,200 crore fund raise, Hero MotoCorp to invest Rs 960 crore

Ather Energy secured Rs 1,200 crore from investors including Hero MotoCorp. Hero MotoCorp will increase its stake to 30.68 percent after this funding. India-Japan Fund also invested nearly Rs 200 crore in the company. Promoters Tarun Mehta and Swapnil Jain will also receive warrants for Rs 20 crore each.

The Economic Times

Ather Energy shares rally 6% after Hero MotoCorp approves Rs 1,000 crore additional investment

Ather Energy shares rally 6% after Hero MotoCorp approves Rs 1,000 crore additional investment

Ather Energy shares jumped on Wednesday after Hero MotoCorp approved an additional investment of up to Rs 1,000 crore in the EV maker through a preferential allotment, reaffirming its long-term commitment to the company.

The Economic Times

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Ather Energy board to consider fundraising proposal on July 15

The company said the capital could be raised through permissible modes, including a preferential issue or any other method allowed under applicable laws.

The Economic Times

Ather Energy shares rally 270% in one year, but Nomura sees 22% more upside. Here’s why

Nomura increased Ather Energy's target price, expecting electric two-wheeler trends to accelerate. The brokerage sees Ather as a top pick to benefit from this EV momentum. New affordable scooter launches and a new plant will address a key market segment. Revenue growth is projected at 54% and 57% for FY27…

The Economic Times

Zepto's market position; TCS' AI verdict at AGM

Zepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.

The Economic Times

Ather board to consider fresh fundraise on June 12

The fundraising could be undertaken through routes including a qualified institutional placement (QIP), a rights issue or other permissible instruments.

The Economic Times

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Ola Electric shares jump 9%, skyrocket 93% in 2 months. What's fuelling the rally?

Ola Electric shares jump 9%, skyrocket 93% in 2 months. What's fuelling the rally?

Ola Electric shares surged to a more than four-month high after the EV maker reported a narrower quarterly loss and showed signs of sequential improvement in volumes and market share. Brokerages remain cautious on the long-term recovery outlook, citing rising competition, execution challenges and the need for sustained operational improvements.

The Economic Times

Ather Energy shares can rally till Rs 1,450, says CLSA, citing twin engine

Ather Energy shares can rally till Rs 1,450, says CLSA, citing twin engine

CLSA sees nearly 60% upside in Ather Energy, initiating coverage with an “Outperform” rating and a Rs 1,450 target. The brokerage cites a “twin engine” of cost deflation and premiumisation, strong software-led revenues, and improving unit economics, expecting EBITDA breakeven by FY28 and significant margin expansion through FY31–32.

The Economic Times

Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results

Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results

Shares of Ola Electric fell sharply on Thursday on after a weak Q4 show, with brokerage Emkay Global maintaining a Sell rating and raising its target to Rs 25, implying over 35% downside. Revenue dropped 57% YoY and volumes slumped, while competition from rivals like Ather and TVS mounts, clouding…

The Economic Times

Electric two-wheeler makers brace for raw material price hikes, AI infra pressure

Electric two-wheeler makers brace for raw material price hikes, AI infra pressure

Electric two-wheeler manufacturers are facing significant margin pressure and potential price hikes due to soaring raw material costs and supply chain disruptions. Geopolitical tensions and increased demand for AI infrastructure are exacerbating these challenges, impacting critical components like lithium-ion cells and memory chips.

The Economic Times

This New Electric Scooter Is So Futuristic, It Can Shape-Shift

This New Electric Scooter Is So Futuristic, It Can Shape-Shift

The Redux is the latest electric scooter concept from Ather Energy. It features dynamically adjusting suspension and ergonomics giving you multiple riding positions.

Ather's EV Rizta Scooter Is Ready To Charge Up the Streets

Ather's EV Rizta Scooter Is Ready To Charge Up the Streets

Indian e-mobility specialist Ather Energy has unveiled its newest scooter, the Rizta. It’s marketed as a high-tech, family-friendly scooter.

Electric 2w sales grew by a third last fiscal despite policy bumps

Electric 2w sales grew by a third last fiscal despite policy bumps

While the industry was dealing with policy uncertainties, a rollback in government subsidy pay-out quantum and litigation, there was a churn in the market share pecking order. Read further on Dynamite News:

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Ather Energy’s New 450 Apex Electric Scooter Goes Big On Performance

India’s Ather Energy has just launched its newest electric scooter. The new 450 Apex is the most performance-oriented and feature-rich model in Ather’s lineup.

Ather Energy To Launch 3 New Scooters In India On August 11, 2023

Indian e-mobility startup Ather Energy has posted teasers on social media hinting at the launch of three new scooters on August 11, 2023.

Ather To Target Entry-Level Market With New 450S Electric Scooter

Ather Energy has announced that it plans to launch a more affordable electric scooter in the form of the 450S

Ather announces price range for 450S

Ather announces price range for 450S

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