Electric scooter maker Ather Energy has announced new employee stock options (ESOPs) totaling 12.74 lakh equity shares under its 2025 plan, as per two separate stock exchange filings.
The company’s Nomination and Remuneration Committee approved 9.79 lakh stock options for eligible employees, while the Board of Directors sanctioned an additional 2.95 lakh options for key managerial personnel (KMPs) and senior management—bringing the total to 12.74 lakh shares. Based on Ather’s current share price of ₹555, these new ESOPs carry an estimated value of about ₹70.6 crore.
The ESOPs are part of the Ather Energy ESOP 2025 scheme, which has been approved by shareholders and is overseen by the Nomination and Remuneration Committee (NRC). Each option grants the right to one equity share of the company with a face value of Re 1, at an exercise price of ₹1 per share. The options will vest as per the scheme’s terms and can be exercised within five years from the vesting date. Ather Energy, which listed on the NSE at ₹328 per share, now boasts a market capitalization exceeding ₹21,000 crore.
Founded in 2013, Ather Energy has emerged as a trailblazer in India’s electric scooter market, recognized for its tech-focused innovation and premium products. Yet it continues to face strong competition from established rivals such as Ola Electric, TVS Motor, and Bajaj Auto.
