Reported about 17 hours ago
Ather Energy Pvt., an Indian electric scooter manufacturer backed by Hero MotoCorp, is reportedly weighing an IPO in Mumbai, aiming for a valuation of around $1.2 billion. The company initially targeted $2 billion and hopes to raise approximately $400 million through the share sale. The process is ongoing, and details regarding valuation, timing, and size may still change. Ather, founded in 2013, faces increasing competition amidst declining demand for electric scooters in India.
Source: YAHOO