New Delhi, July 6 -- Ather Energy Ltd. is planning a share sale to institutional investors as early as next week to raise as much as $200 million, according to people familiar with the matter.

The electric two-wheeler maker has appointed HSBC Holdings Plc, Axis Capital Ltd. and Nomura Holdings Inc. to manage the qualified institutional placement, the people said, asking not to be identified because the information is private.

Representatives for Ather and the banks didn't immediately respond to requests for comment.

Shares of Ather have surged more than 250% from their initial public offering price in May 2025, with the gains accelerating since the Iran war increased demand for electric transport options. The fundraising would provide ...