Electric two-wheeler maker Ather Energy has approved plans to raise up to ₹2,500 crore through a mix of equity and convertible securities. The fundraising includes a ₹1,500 crore Qualified Institutional Placement (QIP) and ₹1,000 crore via other instruments. Ather is currently the third-largest electric two-wheeler manufacturer by market share, behind TVS Motor and Bajaj Auto.