Japanese investment giant SoftBank has sold a 2.15% stake in Ola Electric, reducing its overall shareholding in the electric two-wheeler company to 15.68%.
The stake sale took place through open market transactions. Before this deal, SoftBank held around 17.83% in Ola Electric.
Ola Electric, led by founder Bhavish Aggarwal, is one of India’s fastest-growing electric vehicle startups. The company recently went public in August 2024 with a successful IPO, raising strong investor interest despite ongoing industry challenges.
SoftBank has been a major backer of Ola Electric since its early stages, but this gradual stake trimming shows the investor’s focus on booking profits and reducing exposure.
Industry experts say the move will not impact Ola Electric’s operations or growth plans, as the company continues to focus on expanding its production capacity and EV adoption in India.
Summary Table
| Detail | Information |
|---|---|
| Company | Ola Electric |
| Investor | SoftBank |
| Stake Sold | 2.15% |
| Previous Holding | 17.83% |
| Current Holding | 15.68% |
| Transaction Type | Open Market Sale |
| Event Context | Post-IPO reshuffling |
| Impact | No major effect on Ola Electric’s growth plans |
