Ather Energy IPO soon to launch
Ather Energy is a well-known and leading electric scooter manufacturer in India. This company is very much liked for the performance and attractive design of its electric scooters. The 450X and 450 Plus electric scooters of this company are currently counted among the most popular and technologically modern scooters of India. This electric scooter company is going to launch its IPO in India soon. With the help of this IPO, Ather Energy is going to raise Rs 3,100 crore from the Indian market.
- Ather Energy Company was started in 2013 by Tarun Mehta and Swapnil Jain.
- This company is currently counted as one of the most trusted electric scooter manufacturers in India.
- The success of the IPO that will be launched by Ather Energy in the coming time depends on the investors.
SEBI approval for IPO
Ather Energy has also received approval from SEBI for IPO. This company will spend the funds raised from the market to make its electric scooters more stylish and modern. At present, Ather Energy is facing tough competition in the Indian electric scooter market from both new entrants and existing ICE engine scooter manufacturers who are now moving towards electric scooters. To move ahead in this competition, Ather Energy has decided to launch this IPO.
About Ather Energy
Ather Energy company was started in 2013 by Tarun Mehta and Swapnil Jain. Since the beginning, this company is liked among Indian customers for its innovative and stylish electric scooters. This company’s 450X and 450 Plus electric scooters have especially attracted the attention of Indian customers. This company is currently counted among one of the most trusted electric scooter manufacturers in India.
Competition from the market
The Indian electric vehicle market is growing very rapidly at present. At present, the demand for EVs is increasing among the customers. Customers are now leaving ICE engine vehicles and moving towards electric vehicles. There are many reasons behind this change such as: subsidies given by the government, rising prices of fuel and increasing awareness towards the environment. Ather Energy is currently getting competition not only from new EV manufacturers but also from big existing brands Bajaj Auto and TVS Motors.
The success of Ather Energy’s IPO
The success of the IPO that will be launched by Ather Energy in the coming time depends on the investors. What investors think about Ather Energy’s progress and market sentiment will decide the future of this IPO. Apart from this, economic conditions and pricing strategy will also play an important role in deciding the future of this IPO.