Bengaluru’s Oben Electric Doubles Down with Rs 50 Crore Funding Boost
Electric motorcycles are speeding into India’s future, and Oben Electric is leading the charge. The Bengaluru-based startup just raised Rs 50 crore in an extended Series A round, doubling its previous haul to Rs 100 crore and bringing total capital raised to a whopping Rs 200 crore.
With big new investors like Helios…
Ather Energy, the electric two-wheeler manufacturer founded by Tarun Mehta and Swapnil Jain, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch an initial public offering (IPO) worth INR 3,100 crore. The company, known for its innovative electric scooters, aims to raise funds to accelerate its growth and expansion.
The IPO will consist of a fresh issue of equity shares worth INR…
Ather Energy, a leading electric two-wheeler manufacturer based in India, has announced its strategic expansion into the Sri Lankan market, marking a significant step in its international growth strategy. This move comes as the company seeks to replicate the success it has achieved in Nepal since its debut in November 2023.
Strategic Expansion
Ather Energy’s entry into Sri Lanka is a key…
Electric two-wheeler and three-wheeler manufacturers are bracing for a new wave of testing and recertification as they prepare for the anticipated launch of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-III) scheme. According to recent updates from the Automotive Research Association of India (ARAI) and other key certification bodies under the Ministry of Heavy…
