Ather Energy board clears ₹2,500 crore fundraise to power Factory 3.0 and retail push
Ather's board approved raising up to ₹2,500 crore via QIP (₹1,500 crore) and FCCBs/convertibles (₹1,000 crore) as capacity nears 90% utilization. Proceeds back Factory 3.0 expansion and retail growth in India's crowded EV two-wheeler market.
Ather Energy's board approved raising up to ₹2,500 crore via QIP, FCCBs, and convertibles to fund growth as capacity nears full utilization, supporting its Factory 3.0 expansion and retail growth in India's competitive EV two-wheeler market.
Why this matters
The fundraise follows Ather's FY26 surge, with the stock up ~200% and e-scooter sales hitting 2.6 lakh units. Fresh capital supports its retail network, which doubled to 700 centres, amid CLSA's bullish 57% upside call.
Retail-company signals accelerating, up 564200% QoQ.