Ather Energy board clears Rs 2,500 Cr raise via QIP and allied routes
Bengaluru-based EV maker Ather will tap up to Rs 2,500 crore through QIP (Rs 1,500 Cr), preferential allotment, rights issue and FCCBs. The capital call follows Q4 FY26 revenue of Rs 1,175 crore, up 74% YoY, with net loss narrowing 57% to Rs 100 crore as it battles Ola Electric for share.
Ather Energy's board approved raising up to Rs 2,500 crore via QIP, preferential allotment, rights issue, and FCCBs. The mobility retail player posted 74% Q4 FY26 revenue growth to Rs 1,175 crore with narrowed losses.
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