Ather Energy’s IPO exposes staggering Rs 1,000 crore loss – is the electric scooter manufacturer in trouble?
Ather Energy, one of India’s leading electric scooter manufacturers, has filed for an Initial Public Offering (IPO) to raise Rs 3,100 crore. While this news has generated excitement among investors, the company’s financial health reveals a troubling picture. In the fiscal year 2023-24 (FY24), Ather Energy reported losses that surged to Rs 1,059.7 crore, up […]