Ather Energy manufactures electric two-wheelers and reported selling 88,465 units in Q2 2026. The company's equity structure is notable for strategic investors including Hero MotoCorp and the India-Japan Fund (via NIIF), and its co-founders Tarun Sanjay Mehta and Swapnil Babanlal Jain retain insider stakes. The recent approved preferential fundraise would inject up to ₹12 billion through a combination of equity and convertible warrants, with conversion rights exercisable within 18 months. If fully converted, the round would modestly increase Hero MotoCorp's ownership and slightly dilute the founders' percentages. The articles do not disclose the company's revenue figures or specific use of proceeds.

Total raised

$553M

Funding rounds

12

Latest round

Convertible Note

Latest activity

Jul 2026