Ather Energy plans $200M share sale to expand manufacturing and retail network
Ather Energy is reportedly readying a $200 million QIP as early as next week, managed by HSBC, Axis Capital and Nomura. Proceeds target manufacturing capacity, retail network scale-up and new product investment as EV two-wheeler competition intensifies with Ola Electric, TVS, Bajaj and Hero MotoCorp.
Ather Energy plans a $200 million QIP as early as next week, managed by HSBC, Axis Capital and Nomura, to expand manufacturing capacity, scale its retail network and invest in new products amid intensifying EV two-wheeler competition.