Electric two-wheeler maker Ather Energy has allotted 2.97 lakh equity shares to its employees under the Employee Stock Ownership Plan (ESOP) 2025 following the exercise of stock options, the company said in a regulatory filing.
Based on Ather Energy’s BSE closing price of ₹753 per share on Monday, the total value of the ESOP allotment is ₹22.4 crore. Indian stock markets remained closed on Tuesday due to public holiday.
“The shares have been allotted to eligible ESOP holders who have exercised their stock options under the Ather Energy ESOP 2025 Plan,” the company said in its filing.
Ather Energy strengthens employee ownership
The Bengaluru-based electric vehicle maker, which made its stock market debut in May last year, continues to expand employee ownership as part of its long-term growth strategy. The ESOP allocation reflects the company’s focus on retaining talent and aligning employee incentives with business performance.
This is not the first such step of the company. In September 2025, Ather Energy had granted 12.7 lakh ESOPs worth ₹70.9 crore to employees, senior management and key personnel.
Increasing competition in EV two-wheeler segment
Ather Energy operates in India’s fast-growing electric two-wheeler market, competing with new-age EV makers like Ola Electric as well as established players like TVS Motor Company and Bajaj Auto. As companies are expanding their product portfolio and producing on a larger scale, competition in this segment has intensified.
Strong revenue growth in Q3FY26
Company reports strong financial performance in Q3FY26 due to festive demand and increase in vehicle sales:
Operating Revenue: ₹953.6 Crore Year-on-Year Growth: 50.2% Highest quarterly revenue for the company
Despite strong revenue growth, Ather Energy reported a net loss of ₹84.6 crore for the quarter. However, losses narrowed substantially, falling by 57.2% year-on-year, indicating improvement in operating efficiency.
With growing EV adoption, expanding charging infrastructure and growing product demand, Ather Energy is strengthening its position in India’s electric two-wheeler market by incentivizing employees through equity participation.
