Masayoshi Son-led SoftBank Group has pared its stake in electric two-wheeler maker Ola Electric to 13.53% from 15.68% after offloading 2.15 percentage points over the past four months, according to a stock exchange filing on Friday.
SoftBank, the second-largest shareholder in the Bengaluru-based company after founder Bhavish Aggarwal, sold 94.6 million shares through a series of open market transactions between September 3, 2025, and January 5, 2026.
The latest round of stake sales follows a similar divestment last year, when SoftBank sold about 94.9 million shares between July 15 and September 2, reducing its holding to 15.68% from 17.83%.
The continued sell down comes amid broader stake trimming by long time investors, even as Ola Electric grapples with regulatory scrutiny, intensifying competition in the electric two-wheeler market and disruptions across its service network. On December 5, ET reported that Z47, formerly Matrix Partners India, had fully exited its investment in the company.
Other global investors have also cut exposure. Tiger Global Management and Alpha Wave Ventures, which held 3.24% and 2.83%, respectively, as of June, now has residual stakes of under 1% each, according to September quarter shareholding disclosures.
Strategic investors Hyundai Motor Company and Kia Corporation also pared their holdings in June 2025, selling around 10.88 crore and 2.7 crore shares and earning Rs 552 crore and Rs 137 crore, respectively.
More recently, Aggarwal sold 9.6 crore shares worth Rs 324 crore to repay a promoter-level loan taken to fund his artificial intelligence venture Krutrim, which had been secured against Ola Electric shares.
Also Read: ET Explainer: Why Bhavish Aggarwal is selling Ola Electric shares to release pledged stock
Operationally, Ola Electric has ceded ground to rivals over the past year. According to Vahan data, its market share fell from 36.7% in 2024 to 16.1% in 2025, as competitors such as TVS Motor Company, Bajaj Auto, Ather Energy and Hero MotoCorp gained traction.
The company’s shares hit an all-time low of Rs 30.79 on December 18, 2025. Ola Electric is currently valued at about Rs 17,493 crore, significantly lower than its IPO valuation of over Rs 33,000 crore last year.
SoftBank, the second-largest shareholder in the Bengaluru-based company after founder Bhavish Aggarwal, sold 94.6 million shares through a series of open market transactions between September 3, 2025, and January 5, 2026.
The latest round of stake sales follows a similar divestment last year, when SoftBank sold about 94.9 million shares between July 15 and September 2, reducing its holding to 15.68% from 17.83%.
The continued sell down comes amid broader stake trimming by long time investors, even as Ola Electric grapples with regulatory scrutiny, intensifying competition in the electric two-wheeler market and disruptions across its service network. On December 5, ET reported that Z47, formerly Matrix Partners India, had fully exited its investment in the company.
Other global investors have also cut exposure. Tiger Global Management and Alpha Wave Ventures, which held 3.24% and 2.83%, respectively, as of June, now has residual stakes of under 1% each, according to September quarter shareholding disclosures.
Strategic investors Hyundai Motor Company and Kia Corporation also pared their holdings in June 2025, selling around 10.88 crore and 2.7 crore shares and earning Rs 552 crore and Rs 137 crore, respectively.
More recently, Aggarwal sold 9.6 crore shares worth Rs 324 crore to repay a promoter-level loan taken to fund his artificial intelligence venture Krutrim, which had been secured against Ola Electric shares.
Also Read: ET Explainer: Why Bhavish Aggarwal is selling Ola Electric shares to release pledged stock
Operationally, Ola Electric has ceded ground to rivals over the past year. According to Vahan data, its market share fell from 36.7% in 2024 to 16.1% in 2025, as competitors such as TVS Motor Company, Bajaj Auto, Ather Energy and Hero MotoCorp gained traction.
The company’s shares hit an all-time low of Rs 30.79 on December 18, 2025. Ola Electric is currently valued at about Rs 17,493 crore, significantly lower than its IPO valuation of over Rs 33,000 crore last year.