Deepak Jain steps down as Ather Energy’s chief financial officer; Sohil Parekh to succeed
Sohil Parekh, who is currently the vice president - senior financial controller, will succeed Deepak Jain from April 1.
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Deepak Jain, who led electric vehicle maker Ather Energy as chief financial officer, will be moving on from the company after a four-year stint. Sohil Parekh, who is currently the vice president - senior financial controller, will succeed Jain from April 1.
Jain started his career at EY and went on to work across Procter & Gamble, Apple and First Advantage. Parekh began his career at sai InfoSystem, Motif, Azure Knowledge Corporation and Claris Lifesciences.
In the next 12 months, Ather Energy is gearing up for its initial public offering (IPO). This is closer on the heels of its rival Ola Electric, which has recently filed its Draft Red Herring Prospectus (DRHP) with the market regulator.
This announcement also comes two months after Hero MotoCorp, automobile company, which is also a lead investor in Ather, announced that it would buy an additional stake up to Rs 140 crore.
In September 2023, as reported by Moneycontrol, the electric vehicle company raised Rs 900 crore from Hero MotoCorp and GIC, its existing investors, through a rights issue. Ather Energy will soon be rolling out Ather Rizta to drive up sales volumes ahead of IPO, reported Moneycontrol.
