Ather Energy, an electric two-wheeler manufacturer, The company is also preparing to file its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO) aimed at raising ₹4,500 crore.
This strategic move follows the successful listing of its competitor, Ola Electric, and aims for a valuation around $2.5 billion, having doubled since its last funding round.