Ather Energy Files for IPO, Aims to Raise Rs 3,100 Crore

Ather Energy filed for an IPO, aiming to raise Rs 3,100 crore through fresh equity and an offer for sale. Backed by Hero MotoCorp, GIC, and others, Ather plans to use the funds for factory expansion, R&D, and debt repayment. The company posted Rs 339 crore revenue in Q1 FY25.