bearish

Ather Energy

Ather Energy Pre-IPO - The Negatives - Outpaced by Rivals

1.4k Views29 Jan 2025 10:10
Ather Energy is looking to raise about US$536m in its upcoming India IPO. In this note, we talk about the not-so-positive aspects of the deal.
What is covered in the Full Insight:
  • Introduction
  • Flattish FY24 with Slower Volume Growth
  • Losses and Profitability Challenges
  • Competitor Comparison: Ather vs. Ola
  • Investor Overhang and Conflicts of Interest
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