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Ola Electric’s early investor SoftBank trimmed its stake in the EV company by more than 2% through open market transactions between July 15, 2025 to September 2, 2025.
SoftBank, through its investment arm SVF II OSTRICH (DE) LLC, sold 94.9 million shares, trimming its stake by 2.15% and breaching the 2% threshold under SBI takeover regulations, as per its filing with the BSE and NSE.
Prior to the transaction, SoftBank held 786.5 million shares, representing a 17.83% stake in the company. Following the sale, its shareholding has reduced to 15.68%.
In August, Ola Electric’s other investors, Z47 (formerly Matrix Partners) and Tiger Global, also took partial exits by reducing their stakes by 0.79% and 0.21%, respectively.
Ola Electric’s share price has surged over 50% in the past seven trading sessions. On Thursday, the stock closed at Rs 64.45 apiece, down 6.5% due to profit booking, valuing the company at Rs 28,445.44 crore ($3.2 billion).
In two-wheeler EV sales, Ola Electric moved to the second position by overtaking Bajaj with an 18.19% market share.
In Q1 FY26, Ola Electric’s revenue fell 49.6% year-on-year to Rs 824 crore from Rs 1,644 crore in Q1 FY25. Meanwhile, its losses widened 23.3% to Rs 428 crore during the same period.