Liquidity Events
SoftBank cuts Ola Electric stake by 2.5% to 13.5%
SoftBank Group has reduced its stake in Bengaluru-based EV player and unicorn Ola Electric to 13.53% from 15.68%. The firm sold 94.6 million shares through open market transactions between September 3, 2025, and January 5, 2026. This follows a previous sale of 94.9 million shares between July 15 and September 2, which had lowered its holding from 17.83% to 15.68%.Other investors, including Z47 (formerly Matrix Partners India), have fully exited Ola Electric, while Tiger Global and Alpha Wave Ventures now hold residual stakes under 1%. Strategic investors Hyundai Motor and Kia Corporation also reduced their holdings in June 2025, selling 10.88 crore and 2.7 crore shares and realizing INR 552 crore and INR 137 crore, respectively.Founded in 2017 by Bhavish Aggarwal, Anand Shah, Ankit Jain, Ola Electric designs, manufactures, and sells electric two-wheelers and core EV components.
SoftBank Corp first invested in Ola Electric as a part of the Series B round in Jul-19 & had invested until the Series C round in Sep-21. Other investors in Ola Electric include Arun Sarin Family, Ratan Tata, Tiger Global, Z47, Munjal Family Office, Alpha Wave Global, 360 ONE, Edelweiss Private Equity, Temasek, Alpine Capital, Archerman Capital, Edelweiss Private Equity, Tekne Capital Management, EvolutionX Debt Capital, Alteria Capital and others.For FY25, Ola Electric had reported about INR 4,514 Cr in Operating Income and about INR 2,276 Cr in Net Loss.
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