SoftBank sells 2% stake in Bhavish Aggarwal-led Ola Electric

The sale crossed the 2 percent threshold mandated for disclosure under SEBI’s takeover regulations.

SoftBank has offloaded a 2 percent stake in Ola Electric Mobility Ltd through open market transactions, reducing its shareholding in the EV maker to 15.68 percent.

According to a regulatory filing with the BSE and NSE, SoftBank’s investment arm SVF II Ostrich (DE) LLC disposed of 94.9 million equity shares of Ola Electric between July 15 and September 2, 2025. The sale crossed the 2 percent threshold mandated for disclosure under SEBI’s takeover regulations.

Before the transaction, SoftBank held 786.6 million shares, representing 17.83 percent of the company’s paid-up capital. Post the sale, its holding stands at 691.6 million shares or 15.68 percent.

The stake sale comes nine months after Ola Electric went public in December 2024, making it one of India’s most closely watched new-age listed companies. The EV manufacturer, led by founder Bhavish Aggarwal, is currently expanding its scooter lineup, pushing into electric motorcycles, and ramping up its Gigafactory project in Tamil Nadu.

SoftBank has been an early backer of Ola Electric, investing in multiple funding rounds before its IPO. The Japanese investment giant remains among the largest institutional shareholders in the company even after the latest stake dilution.