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Ather Energy to make net profit in 24 months, plans to raise more funds

The company is raising funds to help set up a new factory and strengthen R&D

Ather Energy
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Surajeet Das Gupta New Delhi

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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

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First Published: Aug 20 2023 | 5:27 PM IST

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