Early Investors Z47 and Tiger Global Trims Stake in Ola Electric

2 of Ola Electric’s early investors, Z47 and Tiger Global Management, reduced their stakes in the company during Q1 FY26. According to news reports, Z47 diluted 0.81% of its holding, while Tiger Global offloaded 0.21%.

As per news reports, Z47 is estimated to have made over ₹144 crore from the sale. Tiger Global’s exit is expected to have fetched more than ₹36.60 crore.

In June 2025, Hyundai Motor Company sold its entire 2.47% stake in Ola Electric, equivalent to 10.8 crore shares. Around the same time, Kia Corporation diluted 0.62% or 2.7 crore shares in a bulk deal.

Ola Electric Q1 FY26 Earnings Results

Ola Electric reported a consolidated net loss of ₹428 crore in Q1 FY26, up 23.3% from ₹347 crore in the same quarter last year. However, the loss was down 50.8% sequentially compared to Q4 FY25.

Total expenses fell 42.4% YoY to ₹1,065 crore. The company stated that its auto business turned EBITDA positive in June.

Decline in Sales Volume

Ola Electric delivered 68,192 EVs during Q1 FY26 under review, compared to 1,25,198 units in Q1 FY25. The company attributed the YoY decline in net profit to weaker sales volume.

As per Vahan data, Ola registered 16,510 EV units in July, down 18% from June’s 20,234 units and down nearly 60% from 41,802 units in July 2024.

Debt Raise and Founder Action

As per news reports, in May, the board approved raising up to ₹1,700 crore in debt through NCDs, term loans, and other financial instruments. In June, founder Bhavish Aggarwal reportedly added ₹20 crore in cash to top up collateral against shares.

Read More: Ola Electric Q1 FY26 Earnings Results: ₹428 Crore Loss, Revenue Down 50%!

Conclusion

Ola Electric continues to see investor exits and a decline in EV registrations. While cost-cutting and debt reduction plans are underway, weak sales and ongoing losses remain key concerns.

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