Ather board clears ₹2,500 cr raise to fund third Maharashtra factory as utilisation tops 90%
Ather Energy will tap QIP (₹1,500 cr), rights, preferential issue and FCCBs (₹1,000 cr) to expand capacity. Bengaluru-based EV maker is racing TVS and Bajaj as its Chhatrapati Sambhajinagar plant nears launch, with FY26 volumes guided at 2.62 lakh units and stock up 227%.
The development
Ather Energy's board approved a ₹2,500 crore fundraise via QIP (₹1,500 cr), rights issue, preferential issue and FCCBs (₹1,000 cr) to fund capacity expansion as utilisation crosses 90% and its third Maharashtra factory nears launch.
The numbers
- ₹2,500 crore
- ₹1,500 crore QIP
- ₹1,000 crore
- ₹927 crore
- 2.62 lakh units FY26
- 69% YoY growth
- 227% stock gain
Why it matters to operators and investors
Ather's funding stack hints at appetite for FCCB-led flexibility, opening doors for component supplier tie-ups, charging-network JVs, or tuck-in acquisitions around the Chhatrapati Sambhajinagar build-out.