Home / Business and Economy / Ather Energy Eyes ₹2,500 Cr Boost
Ather Energy Eyes ₹2,500 Cr Boost
13 Jun
Summary
- Ather Energy approved to raise up to ₹2,500 crore.
- Funding includes qualified institutional placements and other instruments.
- New manufacturing plant in Maharashtra to have one million unit capacity.
Ather Energy is set to raise substantial capital, with its board approving a fundraising target of up to ₹2,500 crore. This strategic move involves qualified institutional placements (QIPs) and other equity-linked instruments, following a significant IPO last year.
The company is actively preparing to launch the first phase of its "Factory 3.0" in Chhatrapati Sambhajinagar, Maharashtra. This facility is slated to become Ather's largest manufacturing plant, with a projected annual capacity of one million units upon full completion. The initial phase, expected by the end of 2026, will have a capacity of 500,000 units.
Ather Energy has experienced robust sales growth, selling 28,211 vehicles in May 2026, nearly doubling its sales from the previous year and securing a 17% market share. This performance, boosted by demand for its Rizta scooter, marks its second-best sales month and reflects increasing adoption of electric two-wheelers.
