SoftBank, which is the second-largest shareholder in Ola Electric after founder Bhavish Aggarwal, offloaded approximately 94.6 million shares through open market transactions conducted between September 3, 2025, and January 5, 2026.
This comes after a similar round of stake sales last year, when the group sold 94.9 million shares between July 15 and September 2, reducing its holding from 17.83% to 15.68%.
The continued divestment adds to a broader trend of stake reduction by long-term investors in Ola Electric. On December 5, 2025, Z47 (formerly Matrix Partners India) completely exited its investment in the company.
Meanwhile, other global investors, including Tiger Global Management and Alpha Wave Ventures, have also scaled down their stakes. As of June 2025, Tiger Global and Alpha Wave held 3.24% and 2.83% respectively, but their shareholding dropped below 1% each by the end of the September quarter.
Strategic investors Hyundai Motor Company and Kia Corporation also pared their holdings in June 2025, selling 108.8 million and 27 million shares respectively, for total proceeds of Rs 552 crore and Rs 137 crore.
Bhavish Aggarwal himself recently sold 9.6 crore shares valued at Rs 324 crore. The sale was intended to repay a promoter-level loan used to fund his AI venture, Krutrim, and was secured against Ola Electric shares.Operationally, Ola Electric has faced headwinds in the form of increased competition and regulatory scrutiny. According to Vahan data, the company’s market share declined to 16.1% in 2025, from 36.7% in the previous year, as rivals such as TVS Motor Company, Bajaj Auto, Ather Energy, and Hero MotoCorp expanded their footprint in the electric two-wheeler segment.
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