Ather Energy, the leading electric scooter manufacturer headquartered in Bengaluru, has announced plans to convert to a public limited company as part of its preparation for an IPO. The company's board approved the change at its annual general meeting last week, and it will now be known as Ather Energy Limited. In addition, Ather Energy has committed to a significant investment of ₹2,000 crore to establish a new electric scooter manufacturing facility in Maharashtra's Aurangabad Industrial City (AURIC) in Sambhajinagar. This facility, which will be the company's third manufacturing plant, is expected to create over 4,000 jobs. The announcement was confirmed by Ather Energy's co-founder, Swapnil Jain, and has been praised by Maharashtra's Deputy Chief Minister, Devendra Fadnavis.
Another Historic Milestone Achieved by MahaRashtra! India's 3rd largest electric two-wheeler manufacturer enters Maharashtra! Ather Energy, a prominent player in the automotive sector, has expanded its operations in Maharashtra. Shri Swapnil Jain, founder of Ather Energy,… https://t.co/ZoX8jvVubF
#TechWithMC | Bengaluru's Ather Energy plans ₹2,000 crore investment in Maharashtra for new facility! 🛵 Production set to surge with exciting new developments. 🔋 Interested? Know more👇 https://t.co/Dl3uOMufK3 #Ather #Investment #Maharashtra #facility
#AtherEnergy’s new plant to come up in Maharashtra, confirms cofounder Swapnil Jain on X https://t.co/IRLkHEwLT1
#Ather's Rs 2,000 crore electric scooter plant to come up in #Maharashtra's Sambhajinagar: #DevendraFadnavis https://t.co/K1omqIbeOG
First Tamil Nadu and now Maharashtra! Bengaluru-headquartered Ather Energy to invest Rs 2,000 crore in new facility in Maharashtra By @BhavyaDKumar https://t.co/t4QT3Bq6jX via @moneycontrolcom
🚨 Ather Energy, the leading electric scooter manufacturer, has chosen Maharashtra for its 3rd manufacturing facility in Aurangabad Industrial City (AURIC). Investment - ₹2000 crore Employment - 4000+ https://t.co/ieoBGdS5jq
🚲 @atherenergy converts to public limited company on road to #IPO The firm’s board approved the change at its annual general meeting (AGM) last week, and the firm will change its name to Ather Energy Limited, from Ather Energy Private Limited earlier. https://t.co/w86VwgKxC5