SoftBank Reduces Ola Electric Stake to 11.7% Amid Rights Issue

Japanese investment firm SoftBank has reduced its stake in Ola Electric to 11.7% following a series of open market transactions. The investor sold 5.55 crore shares between January 6 and October 22, according to regulatory filings.

July 2019

SoftBank initiated its investment in the electric two-wheeler manufacturer with a $250 million capital injection. This initial funding round valued Ola Electric at approximately $1 billion.

September 2021

The investor increased its commitment by participating in a subsequent funding round. This round raised the company’s valuation to $3 billion.

August 2024

Ola Electric completed its initial public offering. Since this market debut, SoftBank has progressively divested portions of its equity holding in the company.

January 2025

SoftBank disclosed the sale of 9.46 crore shares, representing a 2.15% stake, conducted between September 3, 2025, and January 5. The firm reported a 13.53% holding following these transactions, based on calculations using the company’s expanded share capital.

October 22, 2025

SoftBank concluded a series of sales totaling 1.2% of the company’s equity. The firm also sold 1.12 crore rights entitlements. As of this date, the investor held 54.15 crore shares and retained 3.21 crore rights entitlements. Ola Electric’s rights issue, intended to raise nearly ₹1,000 crore for debt repayment and expansion, opened on this date.

Current Status

Ola Electric is currently executing a rights issue of up to 37.03 crore shares priced at ₹27 each, which is scheduled to close on October 30. The company previously secured ₹780.24 crore through a qualified institutional placement in June to fund organic growth and debt obligations. Motilal Oswal Financial Services and Calliope Capital Advisors have applied for a combined 2.39 crore shares in the current rights offering.