In today’s briefing:
- Ather Energy Pre-IPO Tearsheet
Ather Energy Pre-IPO Tearsheet
- Ather Energy (1207922D IN) is looking to raise about US$536m in its upcoming India IPO. The deal will be run by HSBC, Nomura, JM Fin and Axis.
- Ather is a pure play electric vehicle company in India designing and developing E2Ws, battery packs, charging infrastructure, associated software and accessories, also manufacturing battery packs and assembling E2Ws in-house.
- According to CRISIL, Ather was the third largest player by volume of E2W sales in FY24.
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