Ather Energy was founded in 2013 by Swapnil Jain and Tarun Mehta. In January 2023, CEO Mehta told reporters that an IPO is "on the horizon but [I] can't give an exact time. It's not happening this year."
Ather Energy, based in Bangalore, India, is the manufacturer of electric scooters powered by lithium-ion batteries. The company maintains a wide network of charging stations and support facilities in cities across India. The company has raised more than $340 million in venture capital funding from investors including Herald Ventures, Caladium Investments, NIIF, and HeroMotoCorp. Following a $128 million funding round in 2022, Mehta declined to offer valuation figures, but told reporters that the company has not yet achieved a $1 billion valuation.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Ather Energy does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Ather Energy will be known as it becomes public. Here are similar public companies: Tesla (NAS: TSLA), Rivian (NAS: RIVN), Ford (NYS: F), Uber (NYS: UBER), Lyft (NAS: LYFT).
Ather Energy is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
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Ather Energy is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
