Ola Electric Co-Founder Bhavish Aggarwal Offloads ₹92 Crore Worth of Shares to Clear Promoter Debt

Bhavish Aggarwal, co-founder of Ola Electric Mobility Ltd, has divested 2.6 crore shares in the electric vehicle manufacturer through a bulk transaction on Tuesday, 16 December, marginally reducing his ownership stake, according to exchange filings. The shares, accounting for approximately 0.6 per cent of Ola Electric's equity, were sold at an average price of ₹34.99 per share, bringing the total deal value to roughly ₹92 crore, based on exchange data. 

As of September 2025, Aggarwal maintained a 30.02 per cent stake in the electric two-wheeler company.

Company Clarifies Purpose of Share Sale

In a statement, Ola Electric said the transaction was a one-time, limited monetisation by the founder at a personal level to fully repay a promoter-level loan of ₹260 crore.

Following the sale, all previously pledged shares, amounting to 3.93 per cent, will be released, removing what the company described as a key overhang.

The promoter group will continue to hold around 34 per cent stake in Ola Electric, among the highest across new-age listed companies, the company said, adding that there is no dilution of promoter control or change in long-term conviction.

Ola Electric and Revenue Generation

The stake reduction arrives during a period when Ola Electric faces challenges with revenue generation, whilst simultaneously demonstrating some progress in profitability indicators.

In its most recent financial results for the September quarter (Q2 FY26), the company reported net sales of ₹690 crore, a substantial 43 per cent decline compared with the corresponding period last year.

Losses Show YoY Improvement

Simultaneously, losses contracted on a year-on-year basis. Ola Electric posted a net loss of ₹418 crore for the quarter, compared with a loss of ₹495 crore a year earlier. The company also reported an improvement in EBITDA margins in its auto segment, indicating better operating efficiency.