Ather Energy, a leading player in India’s electric two-wheeler market, has recently announced the launch of its Initial Public Offering (IPO) with the aim of raising Rs 2,981 crore. The IPO comprises of fresh equity shares as well as an Offer for Sale. The funds raised through this IPO will be utilized for various purposes including setting up a new factory, debt repayment, research and development activities, and marketing initiatives. Despite the reduction in government subsidies for electric vehicles, analysts remain optimistic about Ather Energy’s prospects due to its strong market position and innovative products. The company’s focus on technology and sustainability has helped it gain a significant foothold in the electric two-wheeler segment. Ather Energy’s IPO is expected to attract significant investor interest, given the increasing demand for electric vehicles in India and the company’s promising growth trajectory.