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#Electric #scooter maker #AtherEnergy clocked a revenue of Rs 1,789 crore in the fiscal year 2024, a flat figure as compared to a year ago. https://t.co/dDN08yxazj
🔻🔻The losses of Ather Energy increased 23% while revenue was flat in fiscal 2024 Losses widened to Rs 1,059 cr ($128 mn) in FY24 from Rs 864 cr ($104 mn) in the previous year. Revenue stood at Rs 1,789.10 cr ($215 mn) vs Rs 1,783.60 cr ($214 mn). https://t.co/MKdljKKafC
🔥NEWS: QuantumScape's (MCap $3.5B) losses widened to $244M (1H 2024) and the company's cash burn rate has increased to $84M/Quarter in 2Q (which is the company's 3Q). As of June 2024, QuantumScape accumulated losses of $3.1 billion since inception. https://t.co/0Dxxl5gvtp
Ather Energy, an electric scooter maker, reported a significant increase in losses for fiscal year 2024. The company's losses widened by 23% to Rs 1,059 crore ($128 million) from Rs 864 crore ($104 million) in the previous year. Despite the increased losses, Ather Energy's revenue remained flat at Rs 1,789.10 crore ($215 million), compared to Rs 1,783 crore ($214 million) in the previous fiscal year. Hero MotoCorp, the largest shareholder in Ather Energy, attributed a loss of Rs 390 crore to its investee company.
