Ola Electric Mobility shares plunge over 6% as Japan’s SoftBank sells 2.15% stake

Shares of Ola Electric Mobility declined as much as 5.88% to an intraday low of ₹60.71 apiece on the National Stock Exchange (NSE) on Friday, September 5.

This comes after SVF II Ostrich (DE) LLC, the investment arm of Japan’s SoftBank, sold 2.15% of its stake in the electric vehicle (EV) company between July 15 and September 2, 2025.

SoftBank’s investment arm disposed of an aggregate of 94.9 million shares in Ola Electric Mobility, a regulatory filing dated Thursday said.

"SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,943,459 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken between July 15, 2025, and September 2, 2025, with the disposal on September 2, 2025, breaching the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations," the filing stated.

Ola Electric’s founder and chairman, Bhavish Aggarwal, continues to hold the largest stake in the firm, at 30.02%, as of June 30, 2025. Despite SoftBank trimming its stake, it remains the second-largest stakeholder in the EV company.

Ola Electric secures PLI certification for Gen 3 scooters

Ola Electric stocks have been in focus since the Bangalore-based company said that it has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio.

The certification, granted by the Automotive Research Association of India (ARAI) under the Ministry of Heavy Industries, covers all seven models in Ola’s Gen 3 scooter lineup, including its flagship S1 Pro and S1 X variants, the company said in a regulatory filing last week.

With the Gen 3 scooters representing a majority of its current sales, this move is expected to boost its profitability from the second quarter of fiscal 2026.

Ola Electric stock performance

At around 11:25 am, the shares were trading 5.92% lower at ₹60.68 apiece on the NSE.

The stock has risen 9.33% over the week and 47.13% over the month. Over a period of three months, the scrip has soared 22.51. However, on a year-to-date basis, it slipped 30.01%.

While the stock hit a 52-week high of ₹123.90 on September 18, 2024, it reached a year’s low of ₹39.60 per equity share on July 15, 2025.

Ola Electric Mobility has a total market capitalisation of ₹26,703.16 crore, as of September 5, 2025, according to data on the NSE.