SoftBank Offloads 2.15% Stake In Ola Electric

Ola Electric Crashes Another 5%, Down 58% Year To Date

SUMMARY

SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares, amounting to 2.15% of the company’s total share capital, via a series of open market transactions

According to a regulatory filing, SoftBank, via SVF II Ostrich (DE) LLC, sold the shares between July 15 and September 2

Post the disposal, its stake in the Bhavish Aggarwal-led company has declined to 15.68%, or 69.16 Cr shares

Japanese investor SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares, amounting to 2.15% of the company’s total share capital, via a series of open market transactions.

According to a regulatory filing, SoftBank, via SVF II Ostrich (DE) LLC, sold the shares between July 15 and September 2.

Before the stake sale, SoftBank held 78.65 Cr equity shares of Ola Electric, translating to a 17.83% stake in the EV maker. Post the disposal, its stake in the Bhavish Aggarwal-led company has declined to 15.68%, or 69.16 Cr shares.

Shares of Ola Electric ended today’s trading session 6.3% lower at INR 64.59 on the BSE.

Notably, SoftBank is one of Ola Electric’s earlier backers. At the time of the IPO, it held more than 81 Cr shares and sold 2.38 Cr shares through OFS, booking about 1.5X returns on that tranche. Compared to Matrix Partners’ 9.2X gains and Tiger Global’s 6.5X gains, SoftBank’s returns were modest.

The post-listing journey has been turbulent for Ola Electric. The stock made its debut at INR 76 per share and initially ran up to around INR 146, giving early investors strong paper gains. But the stock quickly lost steam amid widening losses, execution challenges, and customer complaints.

Its shares fell below the INR 40 mark last month. However, the stock has been on an upswing over the past couple of weeks on the back of the company’s Gen3 lineup receiving PLI certification.

Ola Electric was also the second biggest gainer under Inc42’s stock radar last week, with its shares zooming 14.5%.

Last month, the company unveiled its new S1 Pro Sport model, priced at nearly INR 1.5 Lakh, and announced integration of its in-house in-house manufactured 4680 battery cell into two of its key models – S1 Pro Plus electric scooter and Roadster X Plus motorcycle.

On the financial front, Ola Electric’s consolidated net loss widened 23% to INR 428 Cr in Q1 FY26 from INR 347 Cr a year ago. Operating revenue tanked nearly 50% to INR 828 Cr in the quarter under review from INR 1,644 Cr in Q1 FY25.

However, its loss nearly halved (50.8%) sequentially and revenue rose 35.5% QoQ