So, like, Ather Energy, the electric vehicle startup, is offering its employees ₹530 crore in ESOP. That’s a lot of cash for 1,300 employees, ya know? They gotta wait for a year before they can cash out, though. The stock is gonna hit the market on May 6, so mark your calendars, people!
Apparently, Ather Energy started this whole ESOP thing back in 2024 with 16.5 million shares up for grabs. They’re planning to raise ₹2,626 crore from this IPO. And get this, they wanna use ₹927.2 crore to set up a new electric two-wheeler manufacturing facility in Maharashtra. Talk about big plans, right?
Oh, and they’re also gonna put ₹750 crore into research and development. Like, do we really need more electric scooters? I’m not really sure why this matters, but they’re also planning to spend ₹300 crore on marketing. Guess they really wanna get the word out.
Ather Energy is doing pretty well in the market, holding 11.5 per cent share as of FY24. Their revenue is up by 28.32 per cent in the first three quarters of FY25, thanks to a 45 per cent increase in EV sales. Looks like people are really into electric scooters these days.
According to Tarun Mehta, the Co-founder of Ather Energy, scooters are taking over the two-wheeler market. He thinks they’ll make up 38 per cent of the market by the end of FY25. And within five years, he believes they’ll have a 45 per cent share. EVs are also picking up speed, especially in tier-3 cities. So, get ready to see more electric scooters zipping around town!
