🚀 Business & Startups🇮🇳 India
Ather Energy Pulls In ₹1,300 Crore from Institutional Investors
Inc42 Media·Wednesday, 22 July 2026
Electric two-wheeler maker Ather Energy has raised about ₹1,300 crore through a qualified institutional placement (QIP), allotting 1.08 crore equity shares at ₹1,202 per share. A QIP is when a listed company sells new shares directly to big institutional investors like mutual funds and banks. This is a significant capital raise for the EV company.
Why It Matters
Ather is one of India's leading EV scooter brands. Fresh capital means it can ramp up production, expand its network, and fight harder against rivals like Ola Electric.
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