Ola Electric rival Ather Energy grants 12.74 lakh ESOPs worth Rs 70.7 crore under 2025 plan

Electric scooter maker Ather Energy has expanded its employee stock option pool with the approval of fresh grants under its 2025 plan.

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The company’s Nomination and Remuneration Committee (NRC) sanctioned 9,79,433 stock options for eligible employees on September 23, 2025, while the Board of Directors cleared an additional 2,94,991 stock options for key managerial personnel and senior management. Together, the two tranches cover 12.74 lakh equity shares.

The ESOPs fall under the Ather Energy ESOP 2025 scheme, approved by shareholders and administered by the NRC. Each option entitles the holder to one equity share of the company with a face value of Re 1, at an exercise price of Rs 1 per share. Options vest in line with the plan and can be exercised within five years from the date of vesting.

At Ather’s prevailing share price of Rs 555, the new grants are valued at Rs 70.7 crore. The move underscores the company’s continued push to align long-term wealth creation for employees with its growth trajectory following its May 2025 stock market debut. Ather had listed on the NSE at Rs 328 a share and now commands a market capitalisation of over Rs 21,000 crore.

Operationally, Ather climbed to the third spot in India’s electric two-wheeler market in August with a 17.12% share, delivering 17,856 units, a 10% rise from July and more than 60% higher than the same month last year. The company reported revenues of Rs 645 crore in Q1 FY26, up 79% year-on-year, while net losses narrowed slightly to Rs 178 crore from Rs 183 crore.