Stake sale · Mobility & Logistics

SoftBank sells 2.15% stake in Ola Electric

By Startup Enthusiast · 9 January 2026

What they do

Ola Electric makes electric scooters, motorcycles, three-wheelers, and home energy products

SoftBank Group sold 9.46 crore shares (2.15% stake) between September 2025 and January 2026

The sale follows exits by Z47, Tiger Global, and Alpha Wave, while Ola Electric's market share fell to 16.1% in 2025

SoftBank Group sold 9.46 crore shares (a 2.15% stake) in Ola Electric through open market transactions.
The sales occurred from 3 September 2025 to 5 January 2026.
SoftBank's stake in Ola Electric fell from 15.68% to 13.53% after this sale.
A disclosure was triggered on 5 January 2026 when the final sale of 84 lakh shares crossed the 2% regulatory threshold under SEBI takeover rules.
SoftBank had previously sold another 2.15% stake (9.4 crore shares) between July and September 2025.
SoftBank is the second-largest shareholder in Ola Electric after founder Bhavish Aggarwal.
Other investors have also exited: Z47 (formerly Matrix Partners India) fully exited in December 2025; Tiger Global and Alpha Wave Ventures sold their stakes over the past year.

Ola Electric faces regulatory scrutiny, intensifying competition, shoddy after-sales service, revenue contraction, heavy losses, product delays, strategic zigzags, and IP disputes.
Ola Electric's net loss narrowed over 15% to ₹418 crore in Q2 FY26 from ₹495 crore a year ago.
Revenue declined 43% year-on-year to ₹690 crore in Q2 FY26.
Ola Electric's E2W market share fell to 16.1% in 2025 from 36.7% the previous year.
In December 2025, Ola Electric sold 8,402 units (market share 9.03%, fifth place), while Ather Energy sold 16,391 units (market share 17.62%).

Ola Electric manufactures electric scooters (S1 Pro Sport, S1 Pro+, S1 X+, S1 Z, S1 Air, S1 Z, S1 Gig).
It also makes motorcycles (Roadster X, Roadster X+, Roadster, Roadster Pro) and three-wheelers (Ola Shakti, Shakti Rack, Mahashakti).
The company offers home energy products including 4.6 kWh and 9.2 kWh battery systems and an MPPT solar charge controller.
Ola Electric has 590 service centres and plans to make 1 lakh third-party mechanics EV-ready.
It provides AI-powered proactive maintenance alerts and remote diagnostics.
The company claims a community of over 1 million members.
Ola Electric offers an EMI calculator with tenure up to 60 months, lowest interest rate 6.99%, downpayment starting at ₹0, and zero processing fee.

Ola Electric launched its first Hyperservice Centre in Bengaluru in late 2025 and plans pan-India expansion.
The company is banking on the mass rollout of vehicles powered by its in-house 4680 Bharat Cell battery pack to improve margins and scale.

SoftBank Group (seller) — Japanese conglomerate and second-largest shareholder in Ola Electric.
Z47 (formerly Matrix Partners India) (seller) — Venture capital firm that fully exited Ola Electric in December 2025.
Tiger Global (seller) — Investment firm that sold its stake in Ola Electric over the past year.
Alpha Wave Ventures (seller) — Investment firm that sold its stake in Ola Electric over the past year.
Hyundai Motor Company (seller) — Automaker that partially sold its stake in June 2025 for ₹552 crore.
Kia Corporation (seller) — Automaker that partially sold its stake in June 2025 for ₹137 crore.