SoftBank’s investment arm, SVF II Ostrich (DE) LLC, has trimmed its stake in Ola Electric Mobility Ltd by 2.15% through open-market transactions, regulatory filings with stock exchanges revealed. The divestment involved nearly 9.5 crore equity shares sold between September 3, 2025, and January 5, 2026, crossing the 2% disclosure threshold under takeover regulations.
Before the sale, SVF II Ostrich held 69.16 crore shares, equating to a 15.68% stake in Ola Electric’s total equity. Post-divestment, its holding dropped to 59.7 crore shares, or 13.53%. This marks the second such move by SoftBank in recent months. Last year, between July and September 2025, it offloaded another 9.5 crore shares, shrinking its stake from 17.83% to 15.68%.
The transactions come as Ola Electric grapples with mounting challenges. Its stock languishes near record lows, battered by weak market sentiment, investor stake sales, and a partial share disposal by founder-CEO Bhavish Aggarwal. These developments have fueled investor concerns over the electric vehicle (EV) maker’s confidence and short-term outlook.
Ola’s December EV sales stayed flat at 8,402 units, though its market share edged up 2% to 9.03%, ranking it fifth among peers. Rival Ather Energy outperformed with 16,391 units sold, capturing a 17.62% share.
SoftBank’s latest exit aligns with its recalibrated India strategy, shifting focus toward AI amid a wave of portfolio trims. For Ola Electric, the pressure mounts as it navigates competitive headwinds in India’s burgeoning EV sector.
