News · Mobility & Logistics

Ather Energy allots 4.33 lakh equity shares under ESOP plan

By Startup Enthusiast · 29 December 2025

What they do

Ather Energy is an electric two-wheeler manufacturer based in Bengaluru, India

The company allotted 433,842 equity shares to employees under its ESOP plan on 29 December 2025

The move increased Ather Energy's paid-up share capital to Rs 38.18 crore from Rs 38.14 crore

Ather Energy, an electric two-wheeler manufacturer based in Bengaluru, allotted 433,842 equity shares to employees under its ESOP plan on 29 December 2025.
The company's board approved the allotment through a circular resolution passed on the same day, under the Ather Energy Employee Stock Ownership Plan, 2025.
Following the issuance, Ather Energy's paid-up share capital increased to Rs 38.18 crore from Rs 38.14 crore.
The company did not disclose the exercise price of the options or the number of employees covered under the allotment.
At Monday’s closing price of Rs 717.7 on the BSE, the newly issued shares have a market value of about Rs 31.1 crore.

The allotment of shares under the ESOP plan is a common practice among startups and new-age companies to retain and incentivise senior management and employees.
The move results in marginal dilution for existing shareholders but is used to align employee interests with the company's growth.
Ather Energy is the third-largest electric two-wheeler manufacturer in India by market share.

Ather Energy is an electric two-wheeler manufacturer based in Bengaluru, India.
The company sells electric scooters such as the Rizta, 450, and 450 Apex, with prices ranging from ₹1.04 lakh to ₹1.89 lakh (ex-showroom).
In 2025, Ather Energy sold close to 200,000 scooters, capturing about 16.2% market share, behind TVS Motor and Bajaj Auto.
The company reported a 54% year-on-year increase in operating revenue to Rs 898.9 crore for the September quarter of 2025.
Ather Energy's net loss narrowed to Rs 154.1 crore in the September quarter of 2025, compared with Rs 197.2 crore in the year-ago period.

Tarun Mehta, Fundraiser, morale keeper, and day-to-day organisation manager
Milind, Leads product development and concept evolution
Swapnil, Handles hardware, software, electronic, mechanical, and more
Ravneet, Runs all functions of marketing, sales, after sales, and AtherGrid
Sohil, Steers Ather's financial strategies
Harendra, Strengthens Ather's overall procurement strategy and supplier management function
Sanjeev K., Leads manufacturing and drives transformation