Ather Energy Ltd Share Price – NSE /  BSE

Automobile, Small Cap

Ather Energy today confirmed its plans to enter the auto insurance services space by incorporating a wholly owned subsidiary that will operate as a Corporate Agent. In an effort to make the ownership experience more seamless, the new entity will focus on offering auto insurance policies, in partnership with multiple insurers, for its customers across the country.

The move will enable Ather to streamline its insurance offerings, enhance customer experience, and generate a recurring revenue stream by leveraging its existing user base. Through this platform, Ather intends to work with multiple insurance partners. By taking distribution in-house, Ather will also be able to innovate around EV-specific insurance products, simplify renewals, and potentially improve attach rates over time.

Speaking on the announcement, Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, ?We have always believed that a good ownership experience goes beyond the vehicle itself. Insurance is a critical part of that journey today, and it's an area where the experience can be made significantly simpler and more predictable for customers. By bringing insurance distribution closer to the Ather ecosystem, we can make it simpler, more transparent, and better aligned with how our customers actually use their vehicles. Over time, this also gives us the ability to work with partners to design auto insurance products that reflect real EV usage, rather than adapting legacy frameworks. This is a measured but deliberate step, focused on strengthening the ownership experience while building a capability that complements our core offering and scales with the business.?

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The company said it will set up a wholly owned subsidiary that will operate as a Corporate Agent and offer auto insurance policies in partnership with multiple insurers across India. The move is aimed at simplifying the ownership experience for Ather customers while creating a steady, recurring revenue stream.

Ather said bringing insurance distribution in house will help streamline renewals, improve attach rates and enable the development of EV specific insurance products. The platform will primarily serve Ather's existing customer base, limiting acquisition costs and requiring only modest investment.

Ravneet Singh Phokela, chief business officer at Ather Energy, said insurance is a critical part of the ownership journey and an area where the experience can be made simpler and more predictable. He added that the initiative will allow Ather to design products aligned with real world EV usage over time.

The foray into insurance is part of Ather?s broader strategy to build an integrated ecosystem around its electric scooters, spanning vehicles, charging, servicing, software, accessories and ecosystem products such as 'Eight70' Warranty, software, and now, insurance.

Ather Energy designs and manufactures high-performance electric scooters. Its current E2W portfolio consists of two distinct product lines: the Ather 450 series, focused on performance-oriented customers, and the Ather Rizta, a convenience-first family scooter line launched in 2024. Together, these product lines offer a total of 9 variants. Ather operates the widest 2W fast charging network in the country. As of 30 September 2025, Ather has installed 4,322 Fast chargers and Neighbourhood chargers globally, including 4,282 across India and 40 across Nepal and Sri Lanka.

On a standalone basis, the company's revenue from operations rose 54% year-on-year and 39.45% quarter-on-quarter to Rs 898.9 crore in Q2 FY26. The company's loss after tax reduced to Rs -154.1 crore in Q2 FY26 from Rs -197.2 crore in Q2 FY25 and Rs -178.2 crore in Q1 FY26.

On the market front, Ather's share in India's EV two-wheeler market rose to 17.4%, up from 12.1% in Q2 FY25 and 14.3% in Q1 FY26.

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Ather Energy has approved the grant of 24,231 Employee Stock Options (ESOPs) under Ather Energy ESOP 2025 (ESOP Plan) to the eligible employees of the Company on 28 November 2025.

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Ather Energy has allotted 7,69,375 equity shares under ESOP on 25 November 2025. Consequent to above, the paid-up share capital of the Company has increased from Rs. 38,06,37,934/- consisting of 38,06,37,934 equity shares of Rs. 1/- each to Rs. 38,14,07,309/- consisting of 38,14,07,309 equity shares of Rs. 1/- each.

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