Ola Electric Mobility Limited share price opened higher on Wednesday amid a positive trend in the benchmark indices. The stock began the session at ₹34.65 on the NSE compared with its previous close of ₹34.48. It moved higher in early trade to touch an intraday high of ₹36.17 before paring gains. As of 11:34 am IST, the stock was trading at ₹33.93, down 1.60%.
Ola Electric Mobility Limited released a statement confirming a significant financial move by its founder-promoter, undertaken to eliminate all share pledges and the associated financial leverage.
The founder-promoter executed a one-time, limited monetisation of a small portion of his personal stake in Ola Electric to fully repay a promoter-level loan amounting to ₹260 crore.
This action results in the release of all of the previously pledged 3.93% shares, effectively removing what the company described as a "critical overhang".
According to the company statement, the transaction is part of the founder's conviction that Ola Electric should operate with a zero pledge overhang, eliminating avoidable risk and volatility.
Following this transaction, the promoter group will retain an ownership of approximately 34% in Ola Electric. The company noted that this figure is among the highest held across new-age listed companies.
Management emphasised that the transaction was executed entirely at the promoter’s personal level and will have no impact on Ola Electric’s operations, governance, or strategic direction. The founder’s long-term conviction and promoter control remain undiluted. The company affirmed that its focus continues to be on building a globally competitive, India-first electric mobility and clean energy company.
This financial de-leveraging follows Ola Electric’s recent operational push, including the launch of its Hyperdelivery service in Bangalore on December 13, 2025.
Hyperdelivery, part of the umbrella Hyperservice initiative, offers same-day registration and delivery for its 4680 Bharat Cell-powered vehicles.
The company states it achieved this rapid service by moving its vehicle registration process completely in-house earlier this year, enabling a smoother journey from purchase to delivery. The ability to offer a "quick-commerce-like experience" in the automotive sector is attributed to Ola Electric's D2C (Direct-to-Customer) and vertically integrated model.
Ola Electric, India's leading EV manufacturer, specialises in the vertical integration of technology for both EVs and components, including battery cells. The company’s EVs and critical components are manufactured at the Ola Futurefactory in Tamil Nadu and supported by the Bengaluru-based Battery Innovation Centre (BIC), dedicated to advancing cell and battery technology. These service and manufacturing initiatives form key pillars of Ola’s India Inside strategy, which focuses on building integrated platforms across batteries, software, and after-sales infrastructure.
Ola Electric Mobility Limited share price opened higher on Wednesday amid a positive trend in the benchmark indices. The stock began the session at ₹34.65 on the NSE compared with its previous close of ₹34.48. It moved higher in early trade to touch an intraday high of ₹36.17 before paring gains. As of 11:34 am IST, the stock was trading at ₹33.93, down 1.60% near its lifetime low.
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