Ather Energy plans to file for Rs 4,000-crore IPO at $2 bn valuation

Ather Energy, backed by Hero MotoCorp, is targeting a valuation of $2-2.25 billion as it prepares for an IPO. The Bengaluru-based electric scooter maker aims to raise ₹3,500-4,000 crore through the offering. Funds will be used for capacity expansion. Ather follows Ola Electric's successful listing and is the fourth-largest electric two-wheeler maker in India by volume.