 "Ather Energy")
Electric two-wheeler maker Ather Energy is aiming to make a net profit in the next 24 months, after which it might plan for an initial public offering (IPO).
The company is also in the process of a fresh round of fundraise which will help it set up a new factory at an expected cost of Rs 1,000 crore and reach a capacity of 1 million units per annum. Its current annual capacity is 450,000 units. The funds will also go towards strengthening research and development (R&D). It could also go for another follow up round later on.
Ather Energy has
