Ather Energy is said to plan a $200 million India share sale

Ather Energy plans to raise about $200 million through a qualified institutional placement, appointing HSBC, Axis Capital and Nomura as arrangers. The electric two-wheeler maker, backed by Hero MotoCorp, will use the proceeds to expand manufacturing capacity, scale its retail network and invest in new products amid intensifying competition from Ola Electric, TVS Motor and Bajaj Auto. The stock has surged over 250% from its May 2025 IPO price.