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SoftBank has offloaded a 2% stake in Ola Electric Mobility through open market transactions. The stock skid close to 7% in Thursday’s trading session, this also comes after the stock rallied around 77% in less than a month.
What’s happening: SoftBank has sold part of its stake in Ola Electric. Between July 15 and September 2, 2025, its investment arm SVF II Ostrich (DE) LLC offloaded nearly 95 million shares of the EV maker. After this, SoftBank’s ownership in Ola Electric has come to 15.68%.
Before the sale, SoftBank held about 786.6 million shares. Post the transaction, this has reduced to 691.6 million shares. The sale comes just nine months after Ola Electric’s IPO in December 2024, which was one of India’s most closely watched listings from a new-age company.
Worth noting: SoftBank has been an early investor in Ola Electric, backing the startup through multiple funding rounds before it went public. Even after the dilution, the Japanese investor remains one of the company’s largest shareholders.
What’s next: Ola Electric is working on expanding its scooter lineup, entering the electric motorcycle space, and fast-tracking its Gigafactory project in Tamil Nadu. These moves come as the company deals with slowing demand, rising competition, and recent controversies.
