India’s EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation

Quick Summary:

Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3M), according to a new draft prospectus filed Tuesday.

The Bengaluru-based startup confirmed to TechCrunch it’s targeting a post-money valuation of $1.4 billion.

Existing Ather shareholders will sell 11.1 million shares, down from the 22 million shares mentioned in its last year’s draft prospectus.

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Article Details

Author / Journalist: Jagmeet Singh

Category: Technology

Markets: United StatesIndia

Topics: India IPO Ather Energy IPO EV Ather Transportation

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 15:33:05 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 28153464

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