Ather Energy, the Bengaluru-based electric two-wheeler maker, is seeking to raise ₹2,500 crore through a qualified institutional placement (QIP) just over a year after its ₹2,626 crore initial public offering (IPO), according to inc42.com. The company has reported strong fiscal performance in FY26, with a 69% year-on-year increase in sales volumes and a 66% rise in revenue to ₹3,823 crore.
Since its IPO, Ather Energy has expanded its sales network to 700 stores and improved its product and operations capabilities, CEO Tarun Mehta said. The company narrowed its EBITDA losses to 2.5% in the March quarter and nearly doubled its market share to 18.6%. The fresh capital raise aims to support continued growth and expansion, fueled by robust research and development efforts.
India’s electric two-wheeler market is expected to grow at an annual rate of nearly 40% between FY26 and FY30, according to brokerage CLSA. Ather’s rapid revenue growth and market share gains position it as one of the fastest-growing players in the segment. The QIP will enable the company to invest ahead of rising demand and strengthen its competitive position in the expanding electric vehicle market.
Ather Energy’s FY26 performance highlights include a 69% increase in annual sales volumes and a 66% revenue surge to ₹3,823 crore. The company’s market share rose to 18.6%, underscoring its growth trajectory as it pursues the ₹2,500 crore QIP to fund further expansion, inc42.com reported.