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Tag: Ola Electric

  • Ola Electric’s Z47 Stake Dips Below 2% Following Recent Partial Exit

    Ola Electric’s Z47 Stake Dips Below 2% Following Recent Partial Exit


    Ola Electric Stake Changes by Z47 and Tiger Global in April–June 2025

    Ola Electric’s early investors, Z47 (previously known as Matrix Partners India) and Tiger Global Management, have reduced their shareholdings in the Bengaluru-based company during the April to June 2025 quarter, according to stock exchange disclosures for this period.

    Z47 decreased its stake from 2.72% to 1.93%, marking a decline of about 0.81 percentage points. Based on an average share price of Rs 41, the venture capital firm is estimated to have profited approximately Rs 147 to 150 crore from this transaction.

    Tiger Global also slightly cut its stake from 3.45% to 3.24%, with an estimated profit of Rs 39 to 45 crore. The remaining shares held through Internet Fund III are currently valued at Rs 587 crore.

    This reduction in stake at Ola Electric coincides with Z47’s active search for secondary stake sales in other portfolio companies, including OfBusiness, Razorpay, and Dailyhunt’s parent company, VerSe.

    Even with these partial exits, both Z47 and Tiger Global continue to hold meaningful minority stakes in Ola Electric. Prominent investors in the electric vehicle company also include SoftBank, AlphaWave, Temasek, and Citigroup.

    Ola Electric’s Revenue Trends

    Ola Electric’s revenue has further decreased sharply in the latest quarter. The revenue from operations fell by 49.6% to Rs 824 crore in Q1 FY26, compared to Rs 1,644 crore in Q1 FY25. The company did, however, show a year-on-year growth of 23.3% in revenue, climbing to Rs 428 crore during the same period.

    As of 02 PM, the company is trading at Rs 40.7 per share, with a total market capitalization of Rs 17,925 crore (approximately $2.1 billion).

    Market Position and Challenges

    In July, Ola Electric dropped to third place in terms of registrations, recording 17,848 units, representing a 57% year-on-year decline, which has led to a market share decrease to 17.35%. Ather Energy has significantly narrowed the gap with 16,231 registrations and a 15.78% market share. This decline adds to the mounting challenges facing Ola Electric as rivals like TVS and Bajaj strengthen their positions in the market.

  • Ola Electric’s Z47 Stake Dips Below 2% Following Recent Partial Exit

    Ola Electric Experiences 50% Decline in Q1 FY26 Revenue, Losses Escalate by 23%



    Ola Electric Revenue Decline in Q1 FY26 – Comprehensive Overview


    Ola Electric’s Revenue Decline in Q1 FY26

    Ola Electric continues to witness a downward trend in its revenue, with a notable drop in the most recent quarter. The electric vehicle maker reported a year-on-year revenue reduction of nearly 50% for the first quarter of FY26. Concurrently, losses expanded by 23.3%.

    According to consolidated financial statements acquired from the National Stock Exchange (NSE), Ola Electric’s revenue from operations fell to 828 crore in Q1 FY26, down from Rs 1,644 crore for the same quarter the previous year.

    Revenue Sources for Ola Electric in Q1 FY26

    In the first quarter of FY26, sales from electric scooters remained the dominant source of revenue for Ola Electric, while battery sales contributed only a minimal amount. The total revenue for the company reached Rs 896 crore in Q1 FY26, sharply declining from Rs 1,718 crore during the same period last year.

    Expense Breakdown and Financial Analysis

    Procurement expenses represented 58% of Ola Electric’s total expenditures in Q1 FY26, amounting to Rs 614 crore, as noted in the company’s disclosure on NSE. The overall quarterly loss increased to Rs 1,065 crore, attributed to higher spending on employee benefits, advertising, and technical support.

    Impact on Losses and Share Performance

    The contracting scale of operations led to an increase in Ola Electric’s losses by 23.3% year-on-year, reaching Rs 428 crore in Q1 FY26, compared to Rs 347 crore during the same quarter last year. However, when compared sequentially to Q4 FY25, losses narrowed by 50.8%, while revenue experienced a 35% quarter-on-quarter increase.

    Market Reaction Post-Quarterly Results

    Following the announcement of its quarterly results, Ola Electric was priced at Rs 39.95 per share as of 11:25 AM on Monday, marking a 52-week low. The company’s market capitalisation is currently at Rs 17,612 crore ($2.1 billion), representing a substantial 75.6% drop from its peak value of $8.1 billion in August of the previous year.


  • TVS Dominates Electric Two-Wheeler Sales in June, Ola Electric Falters as Bajaj Claims Second Place

    TVS Dominates Electric Two-Wheeler Sales in June, Ola Electric Falters as Bajaj Claims Second Place


    TVS Motor Company Dominates Electric Two Wheeler Market in June 2025

    TVS Motor Company has solidified its position as the leading manufacturer in India’s electric two wheeler (E2W) sector for June 2025 by achieving sales of 25,274 units, which signifies an impressive 80% increase year on year. As per data gathered from Vahan on July 1, the company commands a 24% market share, successfully holding the top spot for the third month in a row.

    Bajaj Auto’s Impressive Performance in E2W Market

    Bajaj Auto, which had come close to TVS in May, maintained its momentum by selling 23,004 units in June. This marks a remarkable 154% increase compared to the same month last year. With this performance, Bajaj now holds a 22% share of the E2W market and continues to secure its second position. Last month, Bajaj reported sales of 21,940 units.

    Ola Electric Faces Decline in Sales and Market Share

    Ola Electric, which led the electric vehicle market during much of 2023 and early 2024, experienced a downturn. The company sold 20,189 units in June, reflecting a 45% decrease from the previous year. Its market share plummeted from 46% in June 2024 to just 19%.

    In a significant move, Hyundai Motor and Kia Corporation divested their entire stake in Ola Electric for Rs 690 crore through block deals in June. As Ola Electric approaches its first anniversary since going public, the company’s stock price has also continued to decline, currently trading at Rs 43, down 43% from its initial listing price of Rs 76.

    Ather Energy and Hero MotoCorp Gain Momentum

    Ather Energy maintained its fourth position in the E2W market, selling 14,512 units in June, which indicates a substantial 133% increase year on year. The company’s market share surged to 14%, up from 8% during the same month last year. Ather was also listed on the stock exchange in May this year.

    Hero MotoCorp placed fifth with sales of 7,664 units, marking a 149% year on year increase. Its market share expanded to 7%, up from 4% a year earlier, indicating a strengthening presence in the E2W marketplace.

    The rise of TVS and Bajaj, combined with Ola Electric’s decline, highlights a significant shift in India’s electric two wheeler market dynamics. Established automobile manufacturers are now capturing a larger share, outpacing the earlier growth driven by startups.

  • Hyundai and Kia Dispose of ₹690 Crore Stake in Ola Electric, Buyers Remain Unnamed

    Hyundai and Kia Dispose of ₹690 Crore Stake in Ola Electric, Buyers Remain Unnamed



    Hyundai and Kia Exit Ola Electric, Selling Stake for Rs 690 Crore

    Hyundai and Kia Exit Ola Electric with Rs 690 Crore Stake Sale

    Hyundai and Kia have exited Ola Electric, selling their entire stake for a total of Rs 690 crore through block deals conducted on Tuesday. This move indicates a strategic withdrawal from their electric vehicle investment in India.

    Hyundai divested its 2.47% stake, valued at Rs 552 crore, while Kia sold its 0.62% interest for Rs 137 crore, as reported by the bulk deal data from NSE.

    Background of the Investment

    This exit follows over five years after the two major automakers, part of the same parent group, jointly invested $300 million in Ola Electric back in 2019.

    Details of the Sale

    Citigroup Global Markets Mauritius acted as the primary buyer in this transaction, acquiring a 1.95% stake (8.61 crore shares) for Rs 435 crore. Interestingly, the identities of the other buyers involved remain undisclosed.

    Financial Performance of Ola Electric

    This stake sale follows a disappointing financial report from Ola Electric for the last quarter of FY25. The company revealed a consolidated net loss of Rs 862 crore in Q4, significantly higher than the Rs 418 crore loss reported in Q4 of FY24. Additionally, its operating revenue saw a decline of nearly 50% year-on-year to Rs 611 crore. Over the full fiscal year, the company’s net loss expanded to Rs 2,276 crore compared to Rs 1,584 crore in FY24.

    Market Reaction

    Following the announcement, Ola Electric’s shares plummeted by over 8%, closing at Rs 49.61 on Wednesday, which reduced its market capitalisation to Rs 21,882 crore (approximately $2.57 billion).

    Future Prospects for Ola Electric

    Hyundai and Kia’s exit may limit the number of strategic partners for Ola Electric; however, Citi’s investment indicates that there remains some interest from investors. Given the increasing losses reported after going public, a critical question is whether Ola Electric can achieve profitability by FY26. Notably, more than 63% of the stakes sold by Hyundai and Kia were acquired by investors whose identities are yet to be revealed.


  • TVS Dominates Electric Two-Wheeler Sales in June, Ola Electric Falters as Bajaj Claims Second Place

    TVS Tops EV Two-Wheeler Sales in May, Bajaj Closes In as Ola Electric Drops to Third Place



    Electric Two-Wheeler Sales Surge in May 2025

    Electric Two-Wheeler Sales Surge in May 2025

    Electric two-wheeler sales rose impressively in May 2025, achieving a total of 100,266 units in retail sales. This achievement stands as the second-highest monthly tally of the year, following March’s high of 131,364 units, as per data from Vahan.

    TVS Motor Leads Electric Two-Wheeler Market

    TVS Motor once again dominated the sales charts by recording 24,560 units sold, marking a significant year-on-year (YoY) growth of 107%. The company’s strategic expansion and commitment to diverse offerings enabled it to secure a substantial 24% share of the market in May.

    Bajaj Auto Sees Impressive Growth

    Trailing closely behind TVS, Bajaj Auto reported sales of 21,770 units, reflecting an impressive 135% YoY increase. Now, Bajaj holds a commanding 22% market share as of last month.

    Ola Electric’s Sales Experience a Dip

    Ola Electric, previously a market leader, encountered a 51% YoY decline in sales, settling at 18,499 units. Despite this downturn, Ola retained an 18% market share.

    In April, Bajaj and Ola Electric were in a competitive race for market share. Nonetheless, Ola experienced a decline in performance, resulting in a slip to the third place last month.

    Ather Energy’s Rapid Growth

    Ather Energy, a competitor to Ola Electric and recently publicly listed, continued its rapid expansion by selling 12,840 units, which is a remarkable 109% increase compared to the previous year. Ather now holds a 13% share of the market.

    For the first time, Ather Energy, led by Tarun Mehta, surpassed Ola Electric, headed by Bhavish Aggarwal, in quarterly revenue. In Q4 FY25, Ather posted an operating revenue of Rs 676 crore, while Ola’s revenue notably dropped by over 60% to Rs 611 crore during the same period.

    Hero MotoCorp Makes a Comeback

    Hero MotoCorp has also made a notable return to the electric vehicle market, selling 7,164 units, which translates to a remarkable 191% increase year-on-year.

    Other Key Players in the Electric Two-Wheeler Sector

    The list of the top 10 electric two-wheeler manufacturers includes Greaves Electric, Pur Energy, BGauss Auto, Kinetic Green, and River Mobility.


  • Hyundai and Kia Dispose of ₹690 Crore Stake in Ola Electric, Buyers Remain Unnamed

    Ola Electric Secures ₹1,700 Crore Financing through Debt Instruments



    Ola Electric Mobility to Raise Funds of Rs 1,700 Crore

    Ola Electric Mobility to Raise Funds of Rs 1,700 Crore

    Ola Electric Mobility has decided to pursue a fundraising strategy, aiming to secure up to Rs 1,700 crore via debt instruments, as outlined in a board meeting held today. According to the official filing, the company plans to acquire funds through term loans, working capital facilities, or the issuance of Non-Convertible Debentures (NCDs) and other permissible debt securities. The fundraising may be conducted in one or multiple tranches through a private placement approach or any other legally sanctioned method.

    Funding Purpose and Borrowing Limits

    This initiative aligns with the borrowing limits sanctioned by shareholders and aims to bolster the company’s growth trajectory and operational capabilities. The management also highlighted that the trading window has remained closed since April 1, 2025, with plans to reopen it 48 hours post the announcement of its financial results.

    Challenges Faced by Ola Electric Mobility

    This development occurs amid heightened regulatory scrutiny and financial hurdles confronting the company. Earlier this year, SEBI issued a warning to Ola Electric for breaching disclosure regulations after the company announced a retail expansion on social media prior to notifying the stock exchanges. Additionally, a discrepancy was noticed between the reported 25,000 vehicle sales and 8,600 VAHAN registrations, which the company attributed to vendor-related delays.

    Market Position and Financial Performance

    Despite these challenges, the company led by Bhavish Aggarwal managed to capture the second position in the electric two-wheeler market as of April, with TVS Motor retaining the top spot. Although Ola Electric is yet to present its Q4 financial results, it previously reported a decline of 19.4% in operating revenue year-on-year, dropping from Rs 1,296 crore to Rs 1,045 crore. During this period, the net loss expanded by 50%, amounting to Rs 564 crore.


  • Hyundai and Kia Dispose of ₹690 Crore Stake in Ola Electric, Buyers Remain Unnamed

    Ola Electric Faces Insider Trading Investigation; Company Issues Statement



    Ola Electric Investigated for Insider Trading Allegations

    Ola Electric Investigated for Alleged Insider Trading

    Ola Electric is currently under examination by regulatory authorities, indicating that SEBI might conduct an inquiry into the electric vehicle manufacturer regarding suspected insider trading. Reports indicate that this investigation pertains to unusual trading activities involving the company’s unlisted shares prior to significant internal announcements.

    Company’s Response to Allegations

    In light of these developments, Ola Electric clarified through a filing with the stock exchange that the transactions in question were standard activities relating to shares obtained via the exercise of employee stock options (ESOPs) rather than purchases on the open market.

    Previous Concerns Raised by SEBI

    This situation follows a prior warning from SEBI in January 2025, when the regulatory body highlighted Ola Electric for not adhering to disclosure norms. During that period, the company publicly announced a significant retail expansion via social media platforms before notifying the stock exchanges. This led SEBI to caution the firm against selective disclosure and reiterate the importance of compliance with the SEBI (LODR) guidelines.

    Discrepancies in Reported Sales Figures

    In February 2025, a notable inconsistency arose between Ola Electric’s reported vehicles sales, which reached 25,000 units, and the approximately 8,600 vehicle registrations logged on the government’s VAHAN portal. Ola Electric attributed this discrepancy to ongoing negotiations with its vehicle registration partners.

    Market Performance Insights

    By April, Ola Electric achieved the second spot in the electric two-wheeler market, with TVS Motor claiming the leading position. However, Ola Electric’s share price has fallen to Rs 48.53, resulting in a reduced market capitalization estimated at Rs 21,405 crore (around $2.5 billion). In the third quarter of FY25, ending December 2024, the company reported a year-on-year decline of 19.4% in operating revenue, decreasing from Rs 1,296 crore to Rs 1,045 crore. Concurrently, the net loss escalated by 50% year-on-year, reaching Rs 564 crore.


  • TVS Dominates Electric Two-Wheeler Sales in June, Ola Electric Falters as Bajaj Claims Second Place

    TVS Motor Dominates Electric Two-Wheeler Market in April, Outperforming Bajaj Auto and Ola Electric



    TVS Motor Leads India’s Electric Two-Wheeler Market in April 2025

    TVS Motor Leads India’s Electric Two-Wheeler Market in April 2025

    TVS Motor has taken the top position in India’s electric two-wheeler market for April 2025, surpassing Bajaj Auto and Ola Electric, which were previously the market leaders. In April, TVS sold 19,736 units, reflecting a substantial 154% year-over-year increase and capturing a 22% market share, as per Vahan data.

    Market Performance Overview

    In comparison, Ola Electric managed to sell 19,709 units, marking a 42% decline from the previous year, resulting in a 21% market share. Bajaj Auto experienced a commendable 151% growth year-over-year, selling 19,001 units and securing a 21% share of the market.

    Ather Energy’s Progress

    Ather Energy reported a 31% rise in sales, with 13,167 units sold, translating to a 14% market share. In an impressive show of growth, Hero MotoCorp achieved a remarkable 540% increase year-over-year, selling 6,123 units and holding a 7% market share.

    Challenges for Ola Electric

    Although Ola Electric has improved its market share month-on-month, the drop in sales has been attributed to heightened competition and strategic changes. The company, helmed by Bhavish Aggarwal, has also faced considerable regulatory challenges, including potential showroom shutdowns due to infractions related to trade certificates and vehicle registrations in various states, such as Maharashtra. However, it was stated that there has been no official notice concerning the closure of more than 100 showrooms in Maharashtra.

    Traditional Players’ Success

    In contrast, established players like TVS, Bajaj, and Ather have successfully capitalised on the increasing demand for electric two-wheelers, with TVS recording its highest-ever sales in April and leading the market for the first time. The strong performance by Bajaj Auto was driven by excellent sales of its Chetak e-scooter, which emerged at the top of e-scooter sales in the fourth quarter of FY25.

    Upcoming Competition for Ola Electric

    Ola Electric will need to navigate increased competition from Ather Energy in the public market, as Ather has recently closed its subscription window and is now set to be listed on the stock exchange.


  • Ola Electric Records 23,430 Units in March, Trail Behind Bajaj and TVS

    Ola Electric Records 23,430 Units in March, Trail Behind Bajaj and TVS


    Ola Electric’s Performance in March 2025

    Ola Electric, a prominent player in the two-wheeler electric vehicle sector, recorded sales of 23,430 units in March 2025, according to information from the VAHAN portal. Nevertheless, Ola Electric found itself trailing behind Bajaj Auto and TVS, which achieved sales of 34,863 and 30,453 units, respectively, during this period.

    Bajaj Auto’s Market Dominance

    With a remarkable monthly sales figure of 34,863 units in March 2025, Bajaj Auto has established itself as the leader in the e2W market for multiple consecutive months. This impressive performance allowed Bajaj to attain a market share of 26.76% in March, with TVS and Ola Electric following at 23.3% and 17.9%, respectively.

    Yearly Market Share Trends

    When examining the broader picture for the last fiscal year (FY25), Ola Electric maintained a leading position with a market share of 30%. This was contrasted with TVS, which logged a 21% share, while Bajaj recorded 20% during the same fiscal period.

    Operational Adjustments at Ola Electric

    In an announcement to the stock exchange, Ola Electric explained that a transition to in-house vehicle registrations in February resulted in some temporary disruptions. However, the company noted that daily registration numbers and backlog resolutions are gradually improving as the shift continues.

    Ola Electric stated, “We have nearly cleared the February backlog and expect to complete the remaining February–March registrations in April 2025. To support this, we’re scaling up our registration operations and actively coordinating with all external stakeholders.”

    Challenges Faced by Ola Electric

    Recently, Ola Electric clarified the discrepancy in their registration numbers was a result of ongoing discussions with vehicle registration vendors. Additionally, the company, led by Bhavish Aggarwal, resolved a legal matter concerning its subsidiary, Ola Electric Technologies Private Limited, alongside its vehicle registration service provider, Rosmerta Digital Services Ltd.

    Other Competitors in the Market

    Among the leading five electric vehicle two-wheelers, Ather Energy is gaining ground rapidly, selling 15,446 units in March, while Hero MotoCorp managed to sell 7,977 units within the same timeframe. Greaves, another significant competitor, recorded sales of 5,641 units during the same period.

  • Ola Electric’s Subsidiary Settles Insolvency Dispute with Rosmerta Group

    Ola Electric’s Subsidiary Settles Insolvency Dispute with Rosmerta Group



    Ola Electric Mobility Resolves Legal Dispute with Rosmerta Digital Services


    Ola Electric Mobility Addresses Legal Dispute with Rosmerta Digital Services

    Ola Electric Mobility Limited has successfully resolved a legal dispute involving its subsidiary, Ola Electric Technologies Private Limited, and its vehicle registration service provider, Rosmerta Digital Services Ltd. Recently, Ola Electric informed the National Stock Exchange (NSE) and BSE that all outstanding financial obligations have been settled.

    Agreement Details and Withdrawal of Case

    As part of their settlement, Rosmerta Digital Services has approached the National Company Law Tribunal (NCLT) in Bengaluru to request the withdrawal of the legal case. Ola Electric emphasized that there are no remaining disputes between the two entities and reiterated its dedication to fostering robust business relationships and resolving any potential future conflicts promptly.

    Background of the Dispute

    The conflict originated when the Rosmerta Group initiated insolvency petitions on March 16 under Section 9 of the Insolvency and Bankruptcy Code. The petition, submitted to the NCLT Bengaluru Bench, alleged that Ola Electric Technologies Pvt Ltd had failed to compensate for the services rendered by the creditor, prompting a request for the commencement of insolvency proceedings against the company.

    Sales Performance and Market Share

    In recent reports, Ola Electric indicated a successful sale of over 25,000 electric two-wheelers in February 2025, thus maintaining a 28% share in the market segment. However, discrepancies were noted between these sales figures and data recorded on Vahan, a government-operated database maintained by the Ministry of Road Transport and Highways.

    Clarification on Data Discrepancy

    To address the inconsistency, Ola Electric explained that it was the result of ongoing negotiations with their vehicle registration vendors. They confirmed that the backlog from this data inconsistency has been resolved, although the government has requested additional information regarding the situation.