Ather Energy Aims at Fresh Fundraising, Board Meet Set for June 12

Ather Energy has said its board will consider a proposal to raise fresh capital at a meeting scheduled for 12 June, according to a regulatory filing released on Tuesday. The company indicated that it will assess a range of fundraising instruments, including the issuance of equity shares, foreign currency convertible bonds, non-convertible debentures, warrants and other convertible securities.

As outlined in the filing, the potential capital raise could be executed through different routes such as a qualified institutional placement, rights issue, preferential allotment or private placement, depending on market conditions and strategic requirements.

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The move comes at a time when electric vehicle (EV) manufacturers are dealing with higher input costs and ongoing supply chain constraints, which continue to influence operational and expansion strategies across the sector.