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Z47 stake in Ola Electric falls below 2% after recent partial exit

EntrackrEntrackr · 5m ago
Z47 stake in Ola Electric falls below 2% after recent partial exit
Medial

Z47 stake in Ola Electric falls below 2% after recent partial exit Ola Electric’s early backers, Z47 (formerly Matrix Partners India) and Tiger Global Management, have trimmed their stakes in the Bengaluru-based company during the April–June 2025 quarter, as per stock exchange disclosures filed for the period. Z47 reduced its holding from 2.72% to 1.93%, a cut of approximately 0.81 percentage points. Based on an average share price of Rs 41, the VC firm is estimated to have earned around Rs 147–150 crore from the sale. Tiger Global also marginally reduced its stake from 3.45% to 3.24%, with an estimated Rs 39–45 crore. Its remaining stake, held via Internet Fund III, is currently valued at Rs 587 crore. The reduction in its stake in Ola Electric comes as Z47 actively explores secondary stake sales in other portfolio companies, including OfBusiness, Razorpay, and Dailyhunt’s parent VerSe. Despite the partial exits, both Z47 and Tiger Global remain on Ola Electric’s cap table with meaningful minority stakes. SoftBank, AlphaWave, Temasek, and Citigroup are some notable investors in the EV firm. Ola Electric’s revenue continues its downward spiral with yet another sharp drop in the latest quarter. Its revenue from operations decreased by 49.6% to Rs 824 crore in Q1 FY26, compared to Rs 1,644 crore in Q1 FY25. Its grew 23.3% year-on-year to Rs 428 crore during the same period. The company is currently trading at Rs 40.7 per share (as on 02 PM) with a total market capitalization of Rs 17,925 crore ($2.1 billion). Ola Electric also slipped to the third spot in July with 17,848 registrations, down 57% YoY, as its market share fell to 17.35%. Meanwhile, Ather Energy narrowed the gap with 16,231 units and a 15.78% share. The dip adds to Ola Electric’s mounting challenges as rivals like TVS and Bajaj consolidate their positions at the top.

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SoftBank sells 2.15% stake in Ola Electric via open market

EntrackrEntrackr · 11d ago
SoftBank sells 2.15% stake in Ola Electric via open market
Medial

SoftBank, through its investment vehicle SVF II Ostrich (DE) LLC, has offloaded a 2.15% stake in Ola Electric Mobility Ltd through a series of open-market transactions, according to regulatory filings with stock exchanges. As per the disclosure, SVF II Ostrich sold nearly 9.5 crore equity shares of Ola Electric between September 3, 2025, and January 5, 2026. The transaction triggered mandatory disclosure after the cumulative sale breached the 2% threshold prescribed under takeover norms. Prior to the sale, SVF II Ostrich held 69.16 crore shares, a 15.68% stake in Ola Electric’s total equity share capital. Following the divestment, its shareholding has declined to 59.7 crore shares, a reduced stake of 13.53% in the electric vehicle maker. Last year, SoftBank carried out a similar share sale between July and September 2025, offloading around 9.5 crore shares, which reduced its stake from 17.83% to 15.68%. Ola Electric is facing a tough phase as its stock continues to trade near record lows amid weak market sentiment. The pressure has been compounded by stake sales from investors and a partial share sale by founder and CEO Bhavish Aggarwal, both of which have added to concerns around confidence and near-term prospects for the EV maker. In terms of EV sales for December, Ola’s sales remained largely flat at 8,402 units. Its market share rose by 2% to 9.03%, placing the company fifth in standing. While its rival, Ather Energy, sold 16,391 units with a market share of 17.62% last month.

Ola Electric's two-wheeler market share falls to 27% in September

EntrackrEntrackr · 1y ago
Ola Electric's two-wheeler market share falls to 27% in September
Medial

Ola Electric, an electric two-wheeler manufacturer, has seen a decline in its market share over the past three months. The Bengaluru-based company’s market share dropped to 27% in September, down from 32% in August and 39% in the previous month. Ola Electric achieved its highest market share during Q1 FY25 (June quarter), reaching a milestone of 49%. As per Vahan data, Ola Electric sold 23,965 units in September compared to 26,928 units in August and 40, 814 units in July. The Bhavish Aggarwal-led firm also hit an 11-month low of 23,965 units. Baja Auto, TVS Motors, Ather Energy and Hero MotoCorp were the next on the list with 21.27%, 20.26%, 14% and 5% market shares, respectively. This drop in market share follows a report from Goldman Sachs, which projected that Ola Electric is expected to reach EBITDA breakeven by the fiscal year ending March 2027. The decline in sales can be attributed to several factors, including customer complaints, malfunctioning hardware, and software glitches, among others. According to a recent report, Ola Electric received approximately 80,000 customer complaints per month. For the June quarter (Q1FY25), Ola Electric’s revenue from operations grew only 2.8% to Rs 1,644 crore in Q1 FY25 from Rs 1,598 crore in Q4 FY24. The company, however, managed to control its losses by 16.6% to Rs 347 crore in Q1 FY25. During the last fiscal year (FY24), it reported Rs 5,010 crore revenue and Rs 1,584 core loss. Ola Electric, which was listed on the stock exchange in early August, saw its share price drop below Rs 100 on Monday for the first time since its listing. Currently, its shares are trading at around Rs 102 each. The initial public offering (IPO) was priced at Rs 76 per share.

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