Ather Energy Raises ₹60 Crore through Series D1 Debentures

Monday, 29 July 2024, 07:59

Ather Energy, a prominent player in the electric vehicle (EV) market, has successfully raised ₹60 crore in debt financing from InnoVen Capital. This funding will be executed through the issuance of 6,000 Series D1 debentures, each with a face value of ₹1 lakh. The new capital is expected to enhance the company's growth trajectory and support its ongoing expansion efforts in the EV segment. In conclusion, this funding round reinforces investor confidence in Ather's potential in the expanding electric scooter market.
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Ather Energy Raises ₹60 Crore through Series D1 Debentures

Ather Energy's Latest Funding Round

Ather Energy, a leading company in the electric vehicle sector, has raised ₹60 crore in debt from InnoVen Capital.

Details of the Funding

  • The company will issue 6,000 Series D1 debentures.
  • Each debenture has a face value of ₹1 lakh.

Impact of the Funding

This new capital will support Ather Energy's growth and expansion plans in the electric scooter market.

In conclusion, Ather Energy's successful fundraising is a positive indication of investor confidence in the booming EV market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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