Ather Energy Plans Capital Raise Ahead of Board Meeting
Ather Energy eyes fresh capital raise, board meeting set for June 12

Image: Moneycontrol
Ather Energy, an electric two-wheeler manufacturer based in Bengaluru, will hold a board meeting on June 12 to discuss a potential capital raise through various methods. This move follows its recent stock market debut and aims to bolster its position amid increasing competition in the electric vehicle sector.
- 01Ather Energy's board will meet on June 12 to consider a capital raise proposal.
- 02The company may raise funds through equity shares, FCCBs, NCDs, or warrants.
- 03The fundraising could be executed via public issue, rights issue, or private placement, pending approvals.
- 04Ather aims to strengthen its market position in India's competitive electric two-wheeler sector.
- 05Rival Ola Electric recently raised approximately ₹780 crore through a QIP.
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Ather Energy, a prominent electric two-wheeler manufacturer based in Bengaluru, is preparing for a significant capital raise just over a month after its stock market debut. The company's board of directors will convene on June 12 to discuss a proposal for raising funds through various methods, including equity shares, foreign currency convertible bonds (FCCBs), non-convertible debentures (NCDs), and warrants. The exact size of the proposed fundraising has not been disclosed. Ather Energy indicated that the capital raise could be conducted via public issues, rights issues, or private placements, subject to regulatory and shareholder approvals. This initiative comes at a critical time as competition in India's electric two-wheeler market intensifies, with many manufacturers investing heavily in product development and infrastructure. The funding, if approved, is expected to enhance Ather's growth plans and solidify its position in the rapidly evolving electric mobility sector. Notably, rival company Ola Electric recently completed a qualified institutional placement (QIP), raising around ₹780 crore to support its growth initiatives and corporate needs.
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The capital raise could enhance Ather Energy's ability to compete in the electric vehicle market, impacting local employment and investment in infrastructure.
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