Ather Energy Pvt., backed by Hero MotoCorp Ltd., is set to launch its initial public offering (IPO), aiming for a valuation of about $1.2 billion, according to a report on Bloomberg.

Ather’s decision to set up Factory 3.0 at AURIC aligns with its strategy to scale up production and meet growing demand. Ather Energy, one of India’s leading electric two-wheeler manufacturers ...

However, the Ather Energy received flak for the chapatti served as part of the meal. Ather Energy's customer base grew by 34 percent to 11,400 in FY24, a slowdown from the massive 270 percent ...

The IPO comes amid cooling demand for electric scooters in India. Ather Energy Pvt., an Indian electric-scooter maker backed by Hero MotoCorp Ltd., may pursue its planned initial public offering ...