Skip to main content

Ather shortlists HSBC, JPMorgan, Nomura, Indian banks for listing: Report 

Ather has been shortlisting banks for an IPO that could value the company at roughly $2 billion.

Autocar Professional BureauBy Autocar Professional Bureau calendar 05 Mar 2024 Views icon4397 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Ather shortlists HSBC, JPMorgan, Nomura, Indian banks for listing: Report 

Electric scooter maker Ather Energy has shortlisted HSBC, Nomura and JPMorgan to assist with its listing, sources in the know told Bloomberg. 

The Bengaluru-based firm has also zeroed in on banks, JM Financial, Axis Bank, for its initial public offering, the newswire reported, citing people who spoke on condition of anonymity. 

A listing could take place no later than the second half of this year, in Mumbai, based on market conditions, sources told Bloomberg, adding that the list could include additional banks. 

Spokespersons for the five banks as well as the Bengaluru-based two-wheeler maker, refused to offer comments to the newswire. 

Ather has been shortlisting banks for an IPO that could value the company at roughly $2 billion, Bloomberg News had noted in February. The firm aims to rake in nearly $400 million in the share sale, but the contours of the transaction such as the size and value are subject to change, Bloomberg noted. 

Hero MotoCorp-backed Ather raised roughly $128 million in Series E last year, from current investors and the National Investment and Infrastructure Fund, Tiger Global and Binny and Sachin Bansal. 

RELATED ARTICLES

Zero-Emission Transport Transition Could Prevent 1.7 Million Premature Deaths in India by 2050: ICCT

auther Dev Vadchhedia calendar29 Jul 2026

ICCT study highlights severe health burden from vehicle tailpipe emissions, with heavy-duty vehicles accounting for 79% ...

Execution Challenges Slow AI Adoption Across Global Automotive Sector: KPMG Report

auther Dev Vadchhedia calendar29 Jul 2026

Survey of 258 tech executives reveals severe legacy IT disruptions and talent shortages across OEMs and suppliers despit...

Haryana Gives 100% Tax Waiver On EVs Up To ₹30 Lakh, 50% Above; CNG Unchanged

auther Autocar Professional Bureau calendar29 Jul 2026

The Haryana Cabinet has approved a full motor vehicle tax exemption for electric vehicles priced up to ₹30 lakh, while E...