Overview

• SVF II Ostrich (DE) LLC disclosed selling 94,943,459 shares between July 15 and September 2, reducing its holding in Ola Electric to 15.68% from 17.83% and triggering mandatory reporting.
• Ola Electric’s stock fell about 6–7% on Thursday and dropped again on Friday morning by roughly 6%, extending a two‑day decline to around 14%.
• The sale follows other stake reductions this year by Hyundai, Kia, Tiger Global, Alpha Wave, and Z47, highlighting continued investor exits from the EV maker.
• Operational updates include PLI compliance for the Gen 3 S1 scooter lineup, making eligible 13–18% incentives through 2028, and a scaled battery‑cell plan targeting 5 GWh rather than the earlier 20 GWh goal.
• Financial pressures persist with a Q1 FY26 net loss of ₹428 crore on ₹828 crore revenue, while broker views diverge as Goldman Sachs raised its 12‑month target to ₹72 and others remained cautious on execution and volumes.