Board Approves Combined Equity and Debt Issuance for Capacity Boost
The board of electric two-wheeler manufacturer Ather Energy has approved a capital raise of up to ₹2,500 crore to fund capacity and EV development. The fundraising plan includes raising up to ₹1,500 crore through a Qualified Institutional Placement (QIP) of equity shares, with the remaining ₹1,000 crore raised through preferential allotment, rights issues, or foreign currency convertible bonds (FCCBs).
Expanding Manufacturing Capacity for Factory 3.0 Rollout
Ather will put the new capital toward scaling its manufacturing capacity, particularly for the upcoming Factory 3.0, expanding its research and development initiatives, and growing its service and fast-charging distribution network. The company is currently conducting a postal ballot for shareholder approval, which is scheduled to conclude on July 14, 2026.
