Ather Energy rolls out Esops worth Rs 22.4 crore

Electric two-wheeler maker Ather Energy has allotted 2.97 lakh equity shares to employees under its Employee Stock Ownership Plan (Esop) 2025 plan, following the exercise of stock options, according to a regulatory filing.

Based on Ather’s BSE closing price of Rs 753 per share on Monday, the Esops are valued at Rs 22.4 crore. The Indian stock markets are shut today (Tuesday) for 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 said in the filing.


Bengaluru-based Ather, which debuted on the stock exchanges last May, competes with new-age electric vehicle makers such as Ola Electric as well as legacy two-wheeler manufacturers, including TVS Motor and Bajaj Auto.

In September 2025, Ather had granted 12.7 lakh Esops worth Rs 70.9 crore to employees, senior management, and key personnel.

In the third quarter (Q3FY26) the company reported a 50.2% year-on-year (YoY) rise in operating revenue to Rs 953.6 crore, its highest-ever, aided by strong festive demand and higher vehicle sales volumes.

The company also posted a net loss of Rs 84.6 crore for the quarter, down 57.2% from a year earlier.