Ather Energy founders to earn ₹3 crore each annually

Ather Energy's founders Tarun Mehta (CEO) and Swapnil Jain (CTO) will receive an annual pay of ₹3 crore each, Moneycontrol reported, citing the company's Red Herring Prospectus. Their pay could also increase to up to ₹5 crore each in years when Ather reports inadequate or no profits. The electric scooter maker will launch its IPO next week.