SynopsisThe company said the capital could be raised through permissible modes, including a preferential issue or any other method allowed under applicable laws. AgenciesElectric two-wheeler maker Ather Energy is set to consider a proposal to raise fresh capital at its board meeting scheduled for July 15, the company said in a stock exchange filing on Sunday.The board will evaluate raising funds through one or more routes. These include the issuance of equity shares, foreign currency convertible bonds (FCCBs), or other securities that are convertible into equity shares. The fundraising may be undertaken in one or more tranches, subject to the necessary regulatory and shareholder approvals.The company said the capital could be raised through permissible modes, including a preferential issue or any other method allowed under applicable laws. The board will decide the final structure, size and terms of the fundraising.Shares of Ather have surged more than 250% from their initial public offering price in May 2025, with gains accelerating since the war in Iran increased demand for electric transport options.The EV maker doubled its retail footprint from 351 stores to 700 stores during FY26, while service centres more than doubled. It sold around 83,000 vehicles in the March quarter alone, according to its quarterly results, as demand grew across both southern and northern markets.Fresh capital could help Ather strengthen its growth plans, expand its product portfolio and support future investments as competition intensifies across the electric scooter segment. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now