SoftBank sells 2.15% stake in Ola Electric
The SoftBank vehicle had originally acquired 81 crore shares at an average cost of Rs 50.94 per share in the electric scooter and motorcycle maker, which is now trading in the Rs 39–40 range.
SoftBank Group has trimmed its holding in Ola Electric Mobility Ltd., selling a small portion of its stake in the Indian electric vehicle maker at a loss through open-market transactions.
According to regulatory disclosures filed with stock exchanges, SoftBank’s investment arm, SVF II Ostrich (DE), sold about 9.5 crore equity shares of Ola Electric between September 3, 2025, and January 5, 2026. The cumulative sale amounted to roughly 2.15% of Ola Electric’s equity.
The SoftBank vehicle had originally acquired 81 crore shares at an average cost of Rs 50.94 per share in the electric scooter and motorcycle maker, which is now trading in the Rs 39–40 range.
Before the transactions, SVF II Ostrich held 69.16 crore shares, representing a 15.68% stake in the company. Following the divestment, its holding has fallen to 59.7 crore shares, or 13.53% of Ola Electric’s total equity share capital.
The filings do not specify the reasons for the sale. SoftBank remains one of Ola Electric’s largest shareholders even after the reduction. The Japanese investment conglomerate had disposed of 9.5 crore equity shares of Ola Electric in September 2025.
Last month, Z47, formerly known as Matrix Partners India, fully exited its investment in electric vehicle manufacturer. The venture capital firm was among the early backers of the company, having co-led a funding round into Ola in 2019 alongside Tiger Global.
Filings showed that the VC firm had been steadily reducing its stake since the three months ended December 31, 2024. As of the first quarter of fiscal year 2026, the firm held a 1.93% stake in Ola, down from 2.79% following the company’s listing on stock exchanges in August last year.
Shortly after Z47's stake sale, Ola Electric founder Bhavish Aggarwal sold 2.6 crore shares of the electric vehicle maker through a bulk deal on Tuesday, raising about Rs 91 crore.
The company said the sale was undertaken to repay a promoter-level loan. The shares, representing roughly 0.6% of Ola Electric’s equity, were sold at an average price of Rs 34.99 each.
As of September, Aggarwal held a 30.02% stake in the company. Ola Electric said the repayment of the Rs 260 crore loan would lead to the release of shares earlier pledged by the promoter.
Soon after the stake sale announcement, Ola's share price plunged to an all time low of Rs 31.26 per share. Ola’s share price has been falling since about a week after its listing. The stock started 2025 at Rs 86.40 per share and continued to decline as the company faced regulatory pressure and a shrinking market share.
However, in January, the price has recovered to Rs 39.66 per share as it regained marketshare.