IPOs & Markets

E-scooter maker Ather Energy aims for $2.5b valuation in India IPO: report

Hero MotoCorp-backed Ather is India's fourth-largest e-scooter maker by market share.

Unicorns

E-scooter maker Ather Energy rides into unicorn club ahead of IPO

The Indian co raised $71m from NIIF at a valuation of $1.3b. 

Deals

Hero MotoCorp invests $14.9m more in Ather Energy and India deals worth $103m

This is the second time in six months that Hero MotoCorp has increased its stake in the electric scooter maker.

Policy & Regulations

India must retain e-scooter subsidies to boost adoption, says Ather CEO

India's e-scooter market accounted for 5% of total two-wheeler sales in fiscal 2023-2024.

Deals

India Deal Review: Fundraising by startups bounces back to touch $1.2b in Sept

On a year-on-year basis, the deal value in September was up 20%.

Deals

Indian e-scooter maker Ather to roll out new models, test exports after subsidy cuts

Ather is aiming for more than 50% of its sales to come from global markets by the end of the decade.

Venture Capital

EV maker Ather Energy raises $66m from existing backer Hero MotoCorp

Ather has raised $341 million over the years from investors including Tiger Global.

Analysis

Investors bullish on India’s EV space but subsidy cut pushes sector off fast lane

India's EV space has attracted clean energy-focused funds and increased venture funding.

Deals

Indian EV scooter startup Vegh raises $5m to expand production

The financing is part of its ongoing $50m funding round, the company said.

Venture Capital

EV ride hailing startup BluSmart raises $42m from founders, existing investors

The funding round included equity infusion of $37m and venture debt of $5m.