🔸According to media sources, Ather Energy is targeting a valuation between $2.2 billion and $2.4 billion for its upcoming initial public offering (IPO) as it prepares to enter the stock market in 2025. 

🔸The company recently received approval from the Securities and Exchange Board of India (SEBI) to launch its IPO, which includes a fresh issuance of shares worth ₹ 3,100 crore and an offer-for-sale of up to 2.2 crore shares by existing investors. 

🔸This valuation marks a significant increase from its previous valuation of $1.3 billion in August 2024, following a funding round led by the National Investment and Infrastructure Fund (NIIF). 

🔸According to fada, as of January the company has a market share of 16%, which increased from around 6% in last April.