Ather Energy has raised ₹1,200 crore through a preferential allotment. The electric two-wheeler maker’s fundraise comes after its board approved a larger capital raise of up to ₹2,500 crore.
Preferential allotments place shares with selected investors under terms set by the company and applicable securities rules. The ₹1,200 crore tranche forms part of that broader fundraising envelope rather than a standalone ceiling.
Proceeds are typically used for capacity, product development or balance-sheet strength in the EV sector, though the cited brief did not itemize use of funds for this allotment.
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Sources:
https://www.indiaipo.in/daily-reporter/india-ipo-daily-market-ipo-updates-16th-july-2026