Funding · Mobility & Logistics

Ather Energy raises ₹1,300 crore via QIP

By Startup Enthusiast · 21 July 2026

What they do

Ather Energy makes electric scooters and sells them across India

It raised ₹1,300 crore through a Qualified Institutional Placement at ₹1,202 per share

The issue saw participation from mutual funds and the Abu Dhabi Investment Authority

Ather Energy closed a Qualified Institutional Placement (QIP) on 20 July 2026.
The QIP raised ₹1,300 crore by issuing 1,08,15,307 equity shares at ₹1,202 per share.
The issue price was a 2.8% premium to the floor price of ₹1,169.70 per share.
It was a 7.3% discount to the closing price of ₹1,297.3 on 20 July 2026.
The QIP opened on 15 July 2026 and closed on 20 July 2026.
Trilegal acted as adviser to the lead managers on the QIP.
Ather Energy's paid-up equity capital increased from ₹38.33 crore to ₹39.41 crore.

Ather Energy's share price closed at ₹1,297.3 on 20 July 2026, up 1.2%.
The company's market capitalisation was near ₹50,000 crore as of that date.
Its shares have advanced 76% year-to-date as of 20 July 2026.
Earlier in 2026, Tiger Global and NIIF exited Ather Energy via a block deal.

Ather Energy designs and manufactures electric scooters.
It sells its scooters through a network of experience centres across India.
The company also operates a charging infrastructure called Ather Grid.
It generates revenue from scooter sales, charging services, and accessories.
Ather Energy is headquartered in Bengaluru, India.

HDFC Mutual Fund (participated) — Allocated 13.46% of the QIP.
Aditya Birla Sun Life Mutual Fund (participated) — Allocated 13.07% of the QIP.
Axis Mutual Fund (participated) — Allocated 10% of the QIP.
Edelweiss Mutual Fund (participated) — Allocated 7.69% of the QIP.
Tata Mutual Fund (participated) — Allocated 5.76% of the QIP.
Motilal Oswal Dynamic + Multicap Fund (participated) — Allocated 5.38% of the QIP.
Abu Dhabi Investment Authority (participated) — Allocated 5.22% of the QIP. It was an anchor investor in Ather Energy's IPO and bought stake in a block deal earlier in 2026.