India, Dec. 30 -- All decks have been cleared for Ather Energy's public listing as the Securities and Exchange Board of India (SEBI) has greenlit the electric vehicle (EV) maker's plans for its initial public offering (IPO).

As per SEBI website, Ather received the observation letter from the markets regulator on December 23. In SEBI's parlance, issuance of an observation letter implies approval for the public offering.

With all the approvals in place, the Bengaluru-based startup is now tipped to become the second EV maker in the country to list on the bourses, after Ola Electric.

Ather kickstarted its IPO proceedings in June 2024 after it turned into a public limited company. In September, the electric two-wheeler maker filed its draft...