Ather Energy's stock experienced a 2% increase in pre-market trading on Tuesday, reflecting a strong investor interest driven by the company’s robust research and development capabilities. The shares, trading on the National Stock Exchange of India at 328 rupees compared to the offering price of 321 rupees, are part of a broader narrative that underscores the company's dedication to innovative solutions in the electric scooter industry.

Indian electric scooter manufacturer Ather Energy Pvt., backed by Hero MotoCorp Ltd., is set to conduct an initial public offering (IPO) in Mumbai, anticipated to be valued at approximately $1.2 billion. This move positions the company strategically in the rapidly growing electric vehicle market.