Leading electric two-wheeler maker Ather Energy has formally joined the unicorn club after obtaining a sizeable fundraising round of INR 600 crore, or roughly $71 million, from its current backer, the National Investment and Infrastructure Fund (NIIF). Ather Energy has reached a post-money valuation of $1.3 billion thanks to this most recent round of funding, which represents a major turning point in the company’s growth trajectory.
Strengthening Ties with Existing Investors
With this most recent investment, NIIF, which first joined Ather Energy during its Series E round, has demonstrated its continued support for the business. Hero MotoCorp, another significant investor in Ather Energy, took part in the $128 million Series E transaction. The belief that established investors have in Ather’s vision and growth potential in the quickly developing electric vehicle (EV) market is demonstrated by their ongoing backing.
Preparing for a Public Listing
The goal of Ather Energy is to go public by the end of 2024 as it continues to grow. The strong market position Ather has established in the cutthroat EV industry is reflected in the estimated $2 billion valuation for this listing. The decision to go public is viewed as a calculated move to better take advantage of the expanding market for electric cars in India and throughout the world.
Ather’s Rise in the Electric Vehicle Market
In the market for electric two-wheelers, Ather Energy has been a pioneer, continuously pushing the envelope in terms of performance and innovation. The company’s flagship models are highly regarded for their innovative technology, elegant styling, and strong performance. With the most recent round of funding, Ather is well-positioned to carry out its expansion strategies, improve the range of products it offers, and establish itself as a front-runner in the electric vehicle market.
The Future of Ather Energy
Ather Energy’s long-term plan calls for growing its manufacturing capability, making R&D investments, and investigating new markets. It is anticipated that the company would make use of its higher valuation to draw in top personnel and establish tactical alliances that will bolster its position in the industry.
With the market for electric vehicles growing, Ather Energy is well-positioned to lead this revolutionary sector thanks to its most recent investment round and upcoming public offering. Ather Energy is well-positioned to drive the future of sustainable transportation with a strong foundation and financial support.
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