Ola Electric Share Price Drops 4%; SoftBank Cuts Stake in Ola Electric to 15.68%

Japan’s SoftBank Group has reduced its stake in Ola Electric Mobility Ltd through its investment arm, SVF II Ostrich (DE) LLC.

Between July 15, 2025, and September 2, 2025, it sold 94.9 million shares (2.15% stake) via multiple transactions. Following the sale, SoftBank’s holding declined to 15.68% from 17.83%. The sale price was not disclosed in the filing.

First Stake Sale Since IPO

According to Trendlyne, this is SoftBank’s first divestment since Ola Electric’s IPO in August 2024. Despite the reduction, SoftBank remains the second-largest shareholder, after founder and chairman Bhavish Aggarwal, who held a 30.02% stake as of June 2025.

Ola Electric Share Price Performance

Interestingly, SoftBank’s stake sale coincided with Ola Electric’s rally since listing and its drop on September 4. The stock surged 61% in less than four weeks and ended August with a 37% monthly gain, the best in a year. The rally was fueled by optimism surrounding Aggarwal’s growth roadmap, unveiled at the Sankalp event, which targets a 25–30% share of India’s two-wheeler EV market through vertical integration and new product launches.

On September 5, 2025, Ola Electric share price (NSE: OLAELEC) opened at ₹64.10, slightly down from its previous close of ₹64.50. At 9:37 AM, the share price of Ola Electric was trading at ₹61.45, down by 4.78% on the NSE.

Global And Sectoral Boost

Ola Electric’s momentum also gained from China’s decision to lift export restrictions on rare earth magnets, critical inputs for EV motors and semiconductors. This move alleviated supply chain concerns for electric two-wheeler makers in India.

Financial Performance

On the earnings front, Ola Electric posted a consolidated net loss of ₹428 crore in Q1 FY26, narrower than the ₹870 crore loss in Q4 FY25. However, revenue declined 49.6% YoY to ₹828 crore from ₹1,644 crore, reflecting near-term demand challenges.

Also Read: Ola Electric Share Price Slides 6% After 77% Surge in Three Weeks!

Conclusion

SoftBank’s partial exit comes at a time when Ola Electric is gaining investor confidence with strategic growth plans, sectoral tailwinds, and narrowing losses. Despite revenue pressure, the company’s long-term EV roadmap continues to support market optimism.

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