Electric two-wheeler manufacturer Ather Energy has granted 12.74 lakh employee stock options (ESOPs) under its 2025 plan, reinforcing its commitment to long-term employee wealth creation and organizational growth.
The move, approved through two separate resolutions, reflects the company’s continued focus on retaining and rewarding talent as it scales operations and competes in India’s fast-growing EV market.
The ESOPs were sanctioned by Ather’s Nomination and Remuneration Committee (NRC) and Board of Directors on September 23, 2025.
Of the total, 9,79,433 options were allocated to eligible employees, while 2,94,991 options were granted to key managerial personnel and senior leadership.
Ather Energy ESOPs Valued at ₹70.7 Crore Based on Current Market Price
Each stock option entitles the holder to one equity share of Ather Energy with a face value of ₹1, exercisable at ₹1 per share.
Ather has estimated the total value of the newly granted ESOPs at ₹70.7 crore, based on its prevailing share price of ₹555.
The options will vest as per the terms outlined in the Ather Energy ESOP 2025 scheme. Once vested, they can be exercised within five years.
This allocation follows Ather’s public listing on the National Stock Exchange (NSE) in May 2025, where it debuted at ₹328 per share.
Since then, the company’s stock has appreciated significantly, with a current market capitalization exceeding ₹21,000 crore.
Performance-Driven Incentives Amid Strong Market Growth
The ESOP grant comes on the back of Ather’s strong operational performance.
In August 2025, the company climbed to the third position in India’s electric two-wheeler market, capturing a 17.12% market share.
It delivered 17,856 units that month—a 10% increase over July and more than 60% higher than August 2024.
In Q1 FY26, Ather reported revenues of ₹645 crore, marking a 79% year-on-year growth.
Net losses narrowed slightly to ₹178 crore from ₹183 crore in the same quarter last year, indicating improved cost management and operational efficiency.
Ather Energy Strengthening Talent Retention and Market Position
The ESOP allocation is part of Ather’s broader strategy to attract and retain skilled talent in a competitive EV landscape.
By offering equity-based incentives, the company aims to align employee interests with long-term business goals and shareholder value.
Ather competes with other leading EV manufacturers such as Ola Electric, TVS Motor, and Bajaj Auto.
Its recent rise in market share and consistent delivery growth signal a strengthening position in the segment.
Governance and Shareholder Approval
The ESOPs are part of the Ather Energy ESOP 2025 scheme, which received shareholder approval.
The company’s Nomination and Remuneration Committee (NRC) administers the scheme.
The ESOPs are part of the Ather Energy ESOP 2025 scheme, which received shareholder approval.
The company’s Nomination and Remuneration Committee (NRC) administers the scheme.
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