Ather Energy Ltd.

Ather Energy has received approval for the proposal to raise funds by way of issuance of securities of up to Rs 2,500 crore in aggregate. The Board of Directors of the company at its meeting held on June 12, 2026, have inter-alia, considered and approved the same. 

The fundraising proposal comprises a qualified institutions placement (QIP) of equity shares of up to Rs 1,500 crore, which will be undertaken in one or more tranches, subject to regulatory approvals and shareholder approval. 

In addition, the board approved raising up to Rs 1,000 crore through equity shares, foreign currency convertible bonds (FCCBs), or other eligible securities representing or convertible into equity shares. The issuance may be undertaken through permissible routes, including a preferential issue, rights issue or any other method allowed under applicable laws, in one or more tranches. 

Ather Energy is a pure-play EV company that designs all its products ground up in India. Since its inception in 2013, the company has focused on product and technology development in India in order to build an E2W ecosystem.