News · Mobility & Logistics

Ather Energy grants ESOPs worth ₹70.9 crore

By Startup Enthusiast · 25 September 2025

What they do

Ather Energy makes electric scooters and sells them in India

It granted 12.74 lakh stock options to employees, valued at about ₹70.9 crore

The company listed on NSE in May 2025 and has a market cap over ₹21,000 crore

Ather Energy granted fresh ESOPs (employee stock options) under its 2025 plan.
The total ESOPs are 12,74,424 equity shares (12.74 lakh).
The Nomination and Remuneration Committee approved 9,79,433 stock options for eligible employees.
The Board of Directors approved 2,94,991 stock options for key managerial personnel and senior management.
The ESOPs are valued at about ₹70.9 crore based on the BSE closing price of ₹556.5 per share on 25 Sep 2025.
Each vested option entitles the holder to one equity share at an exercise price of Rs 1 per share.
Options vest under the ESOP 2025 plan and can be exercised within five years from the vesting date.

Ather Energy listed on the NSE in May 2025 at ₹328 per share.
Its market capitalisation is over ₹21,000 crore.
In August 2025, Ather sold 17,856 units, with a market share of about 17.8% in the electric two-wheeler segment.
Sales grew 10% month-on-month and over 60% year-on-year in August 2025.

Ather Energy designs and manufactures electric scooters.
It sells its scooters in India through a network of experience centres and service points.
The company also develops charging infrastructure called Ather Grid.
In Q1 FY26, Ather reported operating revenue of about ₹645 crore, up 79% year-on-year.
Its net loss in Q1 FY26 was about ₹178 crore, slightly lower than the ₹183 crore loss in Q1 FY25.
Ather showcased its EL e2w platform and Ather Stack 7.0 at a community day event in August 2025.