Ather Energy, India’s electric two-wheeler startup, has cut its IPO size by 18% to ₹26.26 billion ($308M) citing market conditions. Targeting a $1.4B valuation, Ather plans to invest proceeds in a new Maharashtra plant, R&D, marketing, and debt repayment. The company saw strong 2024 sales growth and aims to strengthen its position against rivals like Ola Electric.
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