Ather Energy Joins India's Unicorn Club

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Ather Secures Major Funding

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Ather’s Market Presence

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Financial Growth and IPO Plans

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Revenue and Losses

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Strategic Investments

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Ather Energy Joins Unicorn League By Raising $71 Mn Funding From NIIF

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Ather Energy Joins India's Unicorn Club

Ather Secures Major Funding

Ather Energy raises INR 600 Cr ($71 Mn) from NIIF, boosting its valuation to $1.3 Bn and joining India's unicorn club.

Ather’s Market Presence

Founded in 2013, Ather is a major player in India's electric two-wheeler market, with its own charging and power services.

Financial Growth and IPO Plans

The funding follows Ather’s INR 60 Cr ($7.1 Mn) debt raise and supports its plan for a 2024 public listing.

Revenue and Losses

Ather’s revenue rose slightly by 0.3% in FY24, but net losses increased by 22.5%, reflecting growth challenges.

Strategic Investments

Ather's funding round aligns with investments in other Indian startups, as it prepares for its upcoming IPO.

Ather Energy Joins Unicorn League By Raising $71 Mn Funding From NIIF