Funding · Mobility & Logistics

Ather Energy plans Rs 2,500 crore capital raise via QIP and preferential issue

Date: 6 July 2026
Company: Ather Energy
What it does: Electric scooter manufacturer
Kind: Funding
Amount: up to Rs 2,500 crore ($200 million)
Stage: QIP (Qualified Institutional Placement: a private placement of shares to select institutional investors)
Sector: Mobility & Logistics

What they do

Ather Energy manufactures electric scooters and charging infrastructure in India

The company is raising up to Rs 2,500 crore through a QIP and rights issue to expand capacity and R&D

This follows strong FY26 sales growth and comes as rival Ola Electric also raises funds for expansion

Ather Energy is planning to raise up to Rs 2,500 crore ($200 million) in new capital.
The fundraising will happen via a QIP (Qualified Institutional Placement) and a preferential/rights issue.
The offer is expected to launch within 10-12 days from July 7, 2026.
HSBC Securities, Axis Capital, and Nomura are leading the advisory process.
Twelve investment banks are advising on the deal, including Goldman Sachs and Kotak Mahindra Capital.
Funds will support working capital, R&D, and production capacity expansion.
Ather aims to grow its retail footprint and expand its vehicle range.
The company also plans to invest in its charging network infrastructure.
Shares surged over 250% from the May 2025 IPO price by July 2026.
The stock hit a record high of ₹1,177.25 on the BSE recently.

Ather's factory capacity is near limits due to rising demand for electric scooters.
Delhi's new EV policy offers ₹30,000 subsidies for electric two-wheelers.
The Iran war has increased demand for electric transport options in India.
Rival Ola Electric completed a Rs 780 crore QIP in June 2026.
Ather reported a narrowed net loss of Rs 517 crore in FY26.