Electric two-wheeler manufacturer 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 stands at ₹22.4 crore. The Indian stock markets remained closed on Tuesday due to a public holiday.
“The shares have been allotted to eligible ESOP holders who have exercised their stock options under Ather Energy ESOP 2025 Plan,” the company stated 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 allotment reflects the company’s focus on retaining talent and aligning employee incentives with business performance.
This is not the first such move by the company. In September 2025, Ather Energy had granted 12.7 lakh ESOPs valued at ₹70.9 crore to employees, senior management, and key personnel.
Growing Competition in EV Two-Wheeler Segment
Ather Energy operates in India’s rapidly expanding electric two-wheeler market, competing with new-age EV manufacturers such as Ola Electric, along with established players like TVS Motor Company and Bajaj Auto. The competition in the segment has intensified as companies expand their product portfolios and scale production.
Strong Revenue Growth in Q3FY26
The company reported strong financial performance in Q3FY26, driven by festive demand and increased 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, the loss narrowed significantly, declining 57.2% year-on-year, indicating improving operational efficiency.
With rising EV adoption, expanding charging infrastructure, and growing product demand, Ather Energy continues to strengthen its position in India’s electric two-wheeler market while incentivising employees through equity participation.
