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SoftBank trims Ola Electric stake, joins early investor exit wave
SoftBank just cut its stake in Ola Electric, selling nearly 95 million shares between July and early September.
Their ownership dropped from 17.83% to 15.68%, and Ola's share price closed 6.3% lower at ₹64.59 on Thursday.
This move is part of a bigger trend—early investors are quietly pulling back.
Stake reductions by other investors amid Ola's challenges
Other big names like Tiger Global and Alpha Wave Ventures have also reduced their stakes lately, as Ola Electric faces tougher times.
In Q1 2025, revenue fell to ₹828 crore while net losses grew to ₹428 crore.
Deliveries dropped sharply too—down to around 68,000 units from over 125,000 last year.
To help steady things, Ola got approval to use IPO funds more flexibly as it navigates competition and slower demand.