{"id":1279023,"date":"2024-02-15T12:47:06","date_gmt":"2024-02-15T07:17:06","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1279023"},"modified":"2024-02-15T12:47:27","modified_gmt":"2024-02-15T07:17:27","slug":"hero-backed-ather-planning-rs-3500-crore-ipo-at-rs-16000-crore-valuation","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/hero-backed-ather-planning-rs-3500-crore-ipo-at-rs-16000-crore-valuation\/","title":{"rendered":"Hero-Backed Ather Planning Rs 3500 Crore IPO At Rs 16,000 Crore Valuation"},"content":{"rendered":"\n<p>Bengaluru-based electric two-wheeler startup Ather Energy has recently met with several investment banks to discuss proposals for an initial public offering (IPO) in India. According to sources privy to the talks, the company is looking to raise around <a href=\"https:\/\/www.ndtvprofit.com\/business\/ather-energy-said-to-be-in-talks-with-banks-for-400-million-india-ipo\">$400 million<\/a> through the public listing, which could value Ather at about $2 billion.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/ify-17-1.png\" alt=\"Hero-Backed Ather Planning Rs 3500 Crore IPO At Rs 16,000 Crore Valuation\" class=\"wp-image-1279024\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/ify-17-1.png 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/ify-17-1-300x140.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/ify-17-1-768x357.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>The electric vehicle manufacturer, which currently offers models like the Ather 450X e-scooter, is said to be targeting an IPO as early as this year to fund its rapid expansion plans across the country. However, sources indicate the discussions are still in early stages and no final decisions on the potential listing have been made yet.<\/p>\n\n\n\n<p>Backed by Hero MotoCorp, Ather has seen surging growth and demand on increased EV adoption. An IPO to access public markets could provide fresh capital to invest in manufacturing facilities, new products, charging infrastructure and retail outlets to cement its position.<\/p>\n\n\n\n<p>IPO Launch Timeline, Valuation Could Change<br>While Ather is keen on launching its IPO as soon as this year to make the most of attractive market conditions, sources reveal the timelines and targeted size\/valuation numbers could change as the proposals are still fluid.<\/p>\n\n\n\n<p>Before firming up any concrete offering plans, the EV firm may assess factors like market sentiment, competitive landscape and its own financials during the course of the year.<\/p>\n\n\n\n<p>It may also explore other private funding options before deciding whether to go ahead with an 2023 IPO or delay it to a more opportune time later on. But the discussions indicate the promising startup does have public listing on its mind to turbocharge growth.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.livemint.com\/auto-news\/ather-energy-starts-its-second-manufacturing-facility-plans-4-lakh-units-annually-11638174255671.html\">Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru-based electric two-wheeler startup Ather Energy has recently met with several investment banks to discuss proposals for an initial public offering (IPO) in India. According to sources privy to the talks, the company is looking to raise around $400 million through the public listing, which could value Ather at about $2 billion. The electric vehicle [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1279024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[894,1081],"class_list":["post-1279023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ather","tag-ipo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hero-Backed Ather Planning Rs 3500 Crore IPO At Rs 16,000 Crore Valuation - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/hero-backed-ather-planning-rs-3500-crore-ipo-at-rs-16000-crore-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hero-Backed Ather Planning Rs 3500 Crore IPO At Rs 16,000 Crore Valuation - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Bengaluru-based electric two-wheeler startup Ather Energy has recently met with several investment banks to discuss proposals for an initial public offering (IPO) in India. According to sources privy to the talks, the company is looking to raise around $400 million through the public listing, which could value Ather at about $2 billion. The electric vehicle [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/hero-backed-ather-planning-rs-3500-crore-ipo-at-rs-16000-crore-valuation\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-15T07:17:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-15T07:17:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/ify-17-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/hero-backed-ather-planning-rs-3500-crore-ipo-at-rs-16000-crore-valuation\/\",\"url\":\"https:\/\/trak.in\/stories\/hero-backed-ather-planning-rs-3500-crore-ipo-at-rs-16000-crore-valuation\/\",\"name\":\"Hero-Backed Ather Planning Rs 3500 Crore IPO At Rs 16,000 Crore Valuation - Trak.in - Indian Business of Tech, Mobile &amp; 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