Ather Energy Slips Despite $200 Million Fundraise Buzz

Ather Energy touched a fresh day’s high on the NSE but slipped lower on Monday, even as it eyes a $200 million institutional share sale.

According to a Bloomberg report, Ather is looking to launch a share sale to institutional investors as early as next week.

The company has reportedly appointed HSBC, Axis Capital and Nomura to run the qualified institutional placement (QIP), though none of the parties have confirmed this officially yet. This isn’t coming out of nowhere.

Ather’s board had already cleared a plan on 12 June to raise up to Rs 2,500 crore through a mix of instruments, with as much as Rs 1,500 crore earmarked for a QIP and the remaining Rs 1,000 crore through equity shares, foreign currency convertible bonds or other eligible securities.

The company had also set up a dedicated fund raise committee to steer the process.

The money, once raised, is expected to go toward scaling up manufacturing, expanding Ather’s retail and charging network, and funding new products at a time when competition from Ola Electric, TVS Motor and Bajaj Auto is only getting sharper.

Ather has had a strong run since its IPO in May 2025, with shares up 242.42% over the past year, as per NSE data.

Some of that momentum has come from rising demand for electric two-wheelers after the Iran war pushed more buyers toward electric transport options.

At 13:53 pm, Ather Energy shares were trading at Rs 1,125.40 on the NSE, down 0.41% for the day, giving up the morning’s gains even as the fundraising talk kept the stock in focus.

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