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IPO-bound Ather Energy raises ₹286cr from founders, others: Report
short by Mansi Agarwal / on Friday, 31 May, 2024
Electric scooter maker Ather Energy has raised ₹286 crore through a mix of debt and equity, reports said citing regulatory filings. Stride Ventures invested ₹200 crore via debentures, while co-founders Tarun Mehta and Swapnil Jain invested ₹43.28 crore each via Series F preference shares. The company is reportedly looking to launch an IPO by 2025.
read more at Moneycontrol