Japan's SoftBank trims stake in Ola Electric to 15.68% after selling 94.9 million shares

SoftBank announced on Thursday that it has sold 9.5 crore shares of ola Electric through its investment arm, SVF II OSTRICH (DE) LLC.

The stake sale took place through several open-market transactions between July 15 and September 2, as per stock exchange filings. The September 2 sale crossed the 2% threshold set by SEBI rules.

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According to stock exchange filings, the stake sale happened through multiple open-market deals between July 15 and September 2. The sale on September 2 crossed SEBI’s 2% disclosure threshold.

SoftBank, one of Ola Electric’s earliest investors, held over 81 crore shares at the time of the IPO and sold 2.38 crore shares via OFS, earning about 1.5X returns—lower than Matrix Partners’ 9.2X and Tiger Global’s 6.5X.

Ola Electric’s market journey has been volatile. The stock debuted at ₹76, surged to ~₹146, but later dropped below ₹40 due to rising losses, execution issues, and customer complaints. 

The company also launched its new S1 Pro Sport (₹1.5 Lakh) and announced plans to use its in-house 4680 battery cells in the S1 Pro Plus scooter and Roadster X Plus bike.

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Financially, Ola Electric’s net loss widened 23% YoY to ₹428 Cr in Q1 FY26, while revenue fell nearly 50% to ₹828 Cr from ₹1,644 Cr a year earlier.

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