Ather Energy Is said to plan $200 million India share sale

Ather Energy is planning a qualified institutional placement to raise up to $200 million as early as next week, appointing HSBC, Axis Capital and Nomura as managers for the offering. The electric two-wheeler maker's shares have surged more than 250% from its May 2025 IPO price, with gains accelerating since rising demand for electric transport. Proceeds will fund manufacturing capacity expansion, retail network scaling and new product development amid intensifying competition from Ola Electric, TVS Motor and Bajaj Auto.