Of all the EV startups, why is Ather Energy#39;s valuation down?

Of all the EV startups, why is Ather Energy#39;s valuation down? Fresh round of fund-raisings by startup automobile companies, backed by big brands, indicate a surge in their valuations though profitability remains a distant possibility. Here’s a look at such companies.

from Moneycontrol Business News https://ift.tt/36vT47V
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