Ather Energy, an electric two-wheeler company, plans to raise over INR 3,100 crore through its IPO despite widening losses of INR 1,060 crore in FY24. Revenue fell 1.5% to INR 1,753.8 crore due to reduced Government subsidies. The company spent INR 2,674.2 crore last fiscal, with increased costs for materials & employee benefits.
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