Published on: 2025-08-20 05:33:05
Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3M), according to a new draft prospectus filed Tuesday. The Bengaluru-based startup confirmed to TechCrunch it’s targeting a post-money valuation of $1.4 billion. Last September, the startup sought a valuation of between $1.5 billion and $2 billion, TechCrunch reported at the time. Ather cited market conditions for trimming its IPO size
Keywords: ather billion indian million rupees
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