Ather plans ₹2,500 Cr QIP to fund Factory 3.0, dealer push and mass-market e-scooter line
A year after its ₹2,626 Cr IPO, Ather Energy is tapping markets again with a ₹2,500 Cr QIP. Proceeds back Aurangabad's 10 Lakh-unit Factory 3.0, R&D across 643 patents, and a sub-₹1.25L EL scooter range. FY26 revenue rose 66% to ₹3,823 Cr with market share at 18.6% across a 700-store network.
The development
Ather Energy plans ₹2,500 Cr QIP a year after IPO to fund Factory 3.0 in Aurangabad, R&D, dealer network expansion and upcoming mass-market EL e-scooter range (₹90K-1.25L), after FY26 revenue grew 66% and market share hit 18.6%.
The numbers
- ₹2,500 Cr QIP
- ₹2,626 Cr IPO
- 700 stores
- revenue ₹3,823 Cr (+66% YoY)
- market share 18.6%
- Factory 3.0 capacity 10 Lakh units
- 643 patents
- Rizta 3.10 Lakh units
Why it matters to operators and investors
Ather's 643-patent IP stack plus a funded mass-market EL line resets the competitive bar for Bajaj, TVS and Ola — partnership or component-supply windows may open around Factory 3.0 ramp.