Shares of Ola Electric Mobility, which manufactures EV two-wheelers, continued to decline for the third day in a row, falling 4.29% to ₹31.49 apiece on the NSE in Thursday’s trading session after its promoter Bhavish Aggarwal sold an additional stake worth ₹142 crore a day ago.
shares have fallen nearly 12% in the last five sessions and over 24% in a month. Meanwhile, its IPO investors are sitting on massive losses as Ola Electric stock has crashed 59% from the offer price of ₹76.
Ola Electric promoter Bhavish Aggarwal sells additional stake
Bhavish Aggarwal, the founder and promoter of offloaded another 4.2 crore shares on Wednesday, December 17, after selling 2.6 crore shares a day earlier.
The company had previously clarified that these sales were intended to completely repay a ₹260 crore loan at the promoter level. Together, the two transactions completed so far amount to a total value of ₹234 crore.
said on Tuesday that the share sale was a one-time and limited monetisation of the founder’s personal holding, undertaken solely to fully repay the loan. Following the completion of these transactions, all 3.93% of the previously pledged shares will be released, thereby eliminating a key overhang on the stock.
As of the September 2024 quarter-end, Ola Electric Mobility had around 14.1 lakh retail shareholders—defined as investors with authorised share capital of up to ₹2 lakh—holding an 8% stake in the company. By the end of the September 2025 quarter, the number of retail investors had increased to 19 lakh, with their collective ownership rising sharply to 17.3%.
Ola Electric Mobility Q2 results 2025
Electric vehicle maker reported a reduced consolidated loss attributable for the quarter ended September 2025, narrowing to ₹418 crore from ₹495 crore in the same period last year.
The company also said its consolidated revenue from operations for Q2 FY26 came in at ₹690 crore, marking a sharp 43% year-on-year decline compared with ₹1,214 crore recorded in the September 2024 quarter.
Ola Electric’s Auto EBITDA profitability for the first time, aided by a 30.7% gross margin, an improvement of 510 basis points sequentially. The company also cut operating expenses by about 52% quarter-on-quarter.
It added that the auto business became cash-generative during the quarter, with underlying operating cash flows of ₹15 crore. However, this was reported as a ₹40 crore outflow due to a one-time build-up of festive inventory.
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