EV firm Ather Energy saw its losses grow 22 pc to Rs 1,060 crore in FY24

EV firm Ather Energy saw its losses grow 22 pc to Rs 1,060 crore in FY24

New Delhi: Electric vehicle (EV) company Ather Energy, aiming to raise more than Rs 3,100 crore via its initial public offering (IPO), saw its losses widen 22 per cent to Rs 1,060 crore in FY24, as its operating revenue declined 1.5 per cent to Rs 1,753.8 crore (year-on-year) in the last fiscal. The electric two-wheeler firm spent Rs 2,674.2 crore in FY24. As per its draft red herring prospectus (DRHP) filed with the markets regulator SEBI, the …

EV Firm Ather Energy Saw Its Losses Grow 22 Pc To INR 1,060 Crore In FY24 - Eastern Mirror

EV firm Ather Energy saw its losses grow 22 pc to INR 1,060 crore in FY24 NEW DELHI — Electric vehicle (EV) company Ather Energy, aiming to raise more than Rs 3,100 crore via its initial public offering (IPO), saw its losses widen 22 per cent to INR 1,060 crore in FY24, as its operating revenue declined 1.5 per cent to INR 1,753.8 crore (year-on-year) in the last fiscal. The electric two-wheeler firm spent INR 2,674.2 crore in FY24. As per its d…