Close Menu
The Oasis Report
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
What's Hot

Saudi Ministry of Industry Launches Women in Mining Non-Profit Association

May 20, 2025

Dollar Slips again on Caution over US Economy

May 20, 2025

Gold Holds Firm as Investors Await More Details on US Tariff Policy

May 20, 2025
Facebook X (Twitter) Instagram
Trending
  • Saudi Ministry of Industry Launches Women in Mining Non-Profit Association
  • Dollar Slips again on Caution over US Economy
  • Gold Holds Firm as Investors Await More Details on US Tariff Policy
  • Oil Steadies as Market Assesses US-Iran Talks, Demand Signals
  • Saudi Awwal Bank and HSBC secure strategic mandate to power Riyadh Air’s expansion across Middle East and Asia
  • Foreign Investment Creates over 39,000 Jobs Annually in Saudi Arabia
  • UAE has a mighty backer in AI, but America gets something too
  • Saudi PIF Gathers 1,000 Global Executives for Board Forum
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
The Oasis ReportThe Oasis Report
Tuesday, May 20
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
The Oasis Report
Home » Adia invests in IPO of India’s Ather Energy

Adia invests in IPO of India’s Ather Energy

adminBy adminApril 29, 2025 Market No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Electric scooter maker targets $360m

Company to build new factory

Adia expanding India activity

The Abu Dhabi Investment Authority (Adia) is among investors in the initial public offering of Indian electric scooter maker Ather Energy.

Ather, India’s fourth-largest electric two-wheeler manufacturer, is seeking to raise around $360 million to fund expansion.

The proceeds will be used to build a new manufacturing facility in the central western Indian state of Maharashtra and reduce debt, the company has said.

Adia, the world’s fourth largest sovereign wealth fund by value which the Sovereign Wealth Fund Institute estimates manages more than $1 trillion of assets, is expanding its investments in India.

“India is one of the world’s fastest growing economies and has been a key focus for Adia’s investment activities for a number of years,” Hamed bin Zayed Al Nahyan, Adia Managing Director, said in a statement in October.

“We have built an extensive portfolio that spans asset classes.”

Like sister Abu Dhabi SWFs, such as Mubadala Investment Company, Adia has been exploring investments in India’s electric vehicle and clean energy industry since at least 2023. That year, it was linked to reported talks to invest in the EV unit  of India’s TVS Motor Co. Mubadala invested $425 million in Tata Power’s renewables platform in 2022. 

Together with other investors, such as Custody Bank of Japan, and US asset managers Franklin Templeton and Morgan Stanley Investment Management, Ather has raised $161 million so far in its IPO, according to filings on the Bombay Stock Exchange. 

The remaining shares are being offered to the wider public this week and will list on May 6. Like the other so-called anchor investors, Adia was allocated Ather shares worth more than 1 billion Indian rupees ($12 million).

Last year Adia set up a unit in Gujarat’s GIFT City (Gujarat International Finance Tec-City) to hold its India assets. Adia will undertake a phased transfer of its Indian investments to its GIFT City unit, it said in October.  

Adia invests across “major asset classes in India, including significant holdings in public and private equity, and infrastructure,” it said at the time, without giving details.

Founded by Indian Institute of Technology graduates Tarun Mehta and Swapnil Jain in 2013, Ather is headquartered in the city of Bengaluru in southern India.

It has EV manufacturing facilities in Bengaluru’s IT park Whitefield, and in Hosur in the India state of Tamil Nadu.

It has also established an EV charging network across India called Ather Grid.

Hero MotoCorp Limited, an Indian multinational motorcycle and scooter manufacturer headquartered in Delhi, owns 37 percent of Ather.

Register now: It’s easy and free

AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East.

Why sign uP

Exclusive weekly email from our editor-in-chief

Personalised weekly emails for your preferred industry sectors

Read and download our insight packed white papers

Access to our mobile app

Prioritised access to live events

Already registered? Sign in

I’ll register later



Source link

admin
  • Website

Keep Reading

Mubadala’s US portfolio hit by GlobalFoundries slump

Kuwait to borrow up to $20bn over next year

Emirates NBD gets nod to set up Indian subsidiary

PIF set to double European investments with Paris office

Saudi IPOs bounce back after April 2 shock

Qatari state faces Swifthold legal action over $6bn debt

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Mubadala’s US portfolio hit by GlobalFoundries slump

May 20, 2025

Kuwait to borrow up to $20bn over next year

May 20, 2025

Emirates NBD gets nod to set up Indian subsidiary

May 20, 2025

PIF set to double European investments with Paris office

May 20, 2025
Latest Posts

The most common travel scams in 9 global cities

May 19, 2025

Saudi Arabia, Qatar UAE go all out

May 16, 2025

Nvidia recoups its losses for the year

May 15, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to The Oasis Report, your trusted source for the latest news and insights on startups, markets, business, economy, and finance in Saudi Arabia. We are dedicated to providing timely, accurate, and in-depth coverage of the ever-evolving financial and business landscape in the region.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

© 2025 theoasisreport. Designed by TeraSolutions.io

Type above and press Enter to search. Press Esc to cancel.