Japanese investment major SoftBank has further reduced its exposure to Ola Electric Mobility, selling a 2.15% stake through open-market transactions, according to disclosures made to stock exchanges.

The divestment was carried out by SoftBank’s investment arm, SVF II Ostrich (DE) LLC, which offloaded a total of 94.63 million equity shares of the electric two-wheeler manufacturer over multiple tranches, according to a newswire agency.

These sales were executed between September 3, 2025 and January 5, 2026. Bhavish Aggarwal-led Ola Electric confirmed that the transaction completed on January 5 crossed the disclosure threshold mandated under Securities and Exchange Board of India (SEBI) regulations, prompting the regulatory filing, as per the report

Following the latest round of share sales, SVF II Ostrich’s holding in Ola Electric has declined to 13.53%, from 15.68% prior to the transactions. Despite the reduction, SoftBank remains one of the key institutional shareholders in the Bengaluru-based electric mobility company.

This is not the first time the SoftBank-backed entity has pared its stake in Ola Electric. In the previous tranche of sales undertaken last year, SVF II Ostrich had sold approximately 94.94 million shares between July 15, 2025 and September 2, 2025. That earlier divestment had reduced its shareholding from 17.83% to 15.68%.

Ola Electric, which has been expanding its electric scooter portfolio and manufacturing footprint, has seen heightened investor scrutiny since its market debut, with shareholding changes closely tracked by analysts and shareholders alike.

The Bengaluru-based EV startup has yet not commented on whether further stake dilution by early investors is expected in the near term.