Ather Energy Unveils Growth Blueprint Ahead Of Ipo Next Week

Pure electrical scooter shaper Ather Energy has outlined cardinal maturation strategies up of its first nationalist offering (IPO) connected April 28. This will beryllium nan first IPO of FY26.

During a pre-IPO property convention connected Wednesday, CEO of Ather Energy, Tarun Mehta, stated that nan institution will attraction connected expanding its merchandise portfolio, improving portion economics, and deepening nan distribution network.

Mehta said, "Our first privilege is to grow nan merchandise portfolio pinch nan caller motorboat of nan Rizta, followed by level products successful nan coming years, and yet bikes. We are besides improving our portion economics by introducing LFP artillery packs crossed our portfolio, which will further trim costs and fortify our proviso concatenation for lithium cells and batteries. Additionally, pinch nan E1 platform, our costs will amended moreover further." The company's E1 level will manufacture models astatine its installation successful Aurangabad, Maharashtra.

In position of description , Ather Energy is focusing connected nan north-western and eastbound markets, peculiarly successful nan Western and bluish regions, according to Mehta.

Another cardinal strategy of nan institution will beryllium to amended operational efficiencies and manufacturing capabilities. Mehta stated, "We should besides attraction connected expanding backward integration to thrust costs efficiencies, amended standard for nan business, unafraid income proviso chains done partnerships, found semipermanent proviso agreements pinch partners successful India, guarantee that strategical partnerships and imaginable acquisitions crossed nan merchandise portfolio are locally sourced, and proceed to put successful building nan Ather brand."

The electrical scooter shaper has importantly reduced nan size of its IPO. The institution now intends to raise Rs 2,626 crore done a caller sale, compared to nan antecedently announced Rs 3,100 crore. The institution attributes nan alteration successful nan IPO size to a simplification successful nan connection for sale. 

"Since nan filing of nan DRHP, nan business has performed exceptionally well. The superior logic for nan smaller rumor size is simply a important alteration successful nan connection for sale, now only accounting for 12% of nan full issue. This is because existing shareholders person recognized nan beardown maturation imaginable and decided to waste little than primitively planned," explained nan company.

Published on: Apr 23, 2025 8:33 PM IST