Bhavish Aggarwal Increases Share Pledge in Ola Electric

Ola Electric founder Bhavish Aggarwal has expanded the proportion of his pledged shareholding as the company’s stock continues to drift lower.

As per news reports, recent filings indicate further commitments made against his equity, reflecting ongoing funding and operational pressures surrounding both Ola Electric and his separate technology ventures. 

The shift comes at a time when the company faces weaker volumes, reduced forecasts and shifts in investor sentiment.

Aggarwal Raises His Share Pledge

According to exchange disclosures, Bhavish Aggarwal pledged an additional portion of his shares this month, including a 3.04% stake recorded on 5 December. 

This takes his total pledged holding to 13.3%, while he continues to own 30.02% of Ola Electric overall. 

The pledged shares, placed with Aditya Birla Finance and Axis Trustee Services, are valued at an estimated ₹600 crore based on the company’s current market capitalisation of about ₹15,054 crore.

Share pledging is commonly used to secure loans, with lenders holding the right to sell the pledged stock should repayment conditions not be met. 

Aggarwal has previously used this route to support his artificial intelligence initiative, Krutrim AI. Last year, he pledged 1.1% of his Ola Electric stake to help finance the venture. Earlier this year, he pledged another 5.88 crore shares to fund expansion at Krutrim.

Market Environment and Company Performance

The increase in pledged shares coincides with a continued slide in Ola Electric’s stock price, which reached a low of ₹33.1 on 9 December.

The company has shifted from a leading position in India’s electric two-wheeler market to fifth place, recording a 7.4% share in November compared with more than 25% a year earlier.

The decline follows regulatory challenges, heightened competition and service network constraints.

Ola Electric has also revised its consolidated revenue guidance to ₹3,000–₹3,200 crore from the earlier ₹4,200–₹4,700 crore.

Operating revenue fell 43% year-on-year to ₹690 crore in the second quarter of FY26, reflecting weaker unit sales.

Investor Exits and Shareholding Changes

A number of early investors are reducing or exiting their stakes. Venture capital firm Z47, an early backer, has fully exited the company.

Major shareholders such as Tiger Global and Alpha Wave Ventures have also trimmed their holdings, now owning less than 1% each compared with their higher levels earlier in the year.

Read More: Ola App Suspends Food Delivery Service as Company Halts Foods Business.

Conclusion

Bhavish Aggarwal’s increased share pledge signals efforts to manage funding requirements for both Ola Electric and his parallel ventures during a period of operational and market strain.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.