Ola Electric Share Price in Focus as Bhavish Aggarwal Plans Full Release of ₹260 Crore Promoter Pledges

Ola Electric's share price is attracting attention as founder Bhavish Aggarwal intends to fully release ₹260 crore in promoter pledges. Sources indicate that after this stake monetization, the promoter-group holding will exceed 34%, ranking among the highest for newly listed companies.

According to sources, Ola Electric does not anticipate further promoter pledges. The existing pledge was established to initially fund the AI startup Krutrim, which has since become a cloud infrastructure player with positive cash flow.

The stake monetization will not dilute promoter control. It demonstrates the founder's continued dedication to Ola Electric's strategy of developing a vertically integrated electric mobility and clean energy platform in India.

Promoter share pledges can introduce volatility and margin-related risk. Eliminating these pledged shares reduces a significant risk factor and substantially strengthens the company's overall risk profile.

This action is occurring at the promoter level and does not involve Ola Electric directly. Sources suggest that the release of pledged shares is unlikely to affect Ola Electric's electric mobility business, daily operations, management, governance, financial standing, or long-term strategic vision.

Ola Electric's founder joins other promoters, such as those at Apollo Hospitals and Hindustan Zinc, who have used limited stake monetization to release share pledges this financial year.

**Ola Electric Recent Developments**

Ola Electric recently launched Hyperdelivery, which offers same-day registration and delivery of its 4680 Bharat Cell-powered vehicles in Bangalore. This initiative falls under the company’s Hyperservice umbrella, designed to provide a transparent and convenient customer experience.

Hyperdelivery allows customers to finalize their purchase online or at an Ola Electric store and then immediately take their fully registered vehicles home.

Earlier in the year, Ola Electric announced it had completely internalized its vehicle registration process, streamlining the purchase-to-delivery process for customers.

Last week, Ola Electric announced the start of mass deliveries for vehicles powered by its 4680 Bharat Cell. The S1 Pro+ (5.2 kWh) is the first product using the indigenously manufactured 4680 Bharat Cell battery pack, offering increased range, enhanced performance, and improved safety.

According to a company spokesperson, deliveries are underway, and customers are now using scooters powered by the 4680 Bharat Cell. The spokesperson added that this marks a significant milestone for Ola and for India as it moves toward becoming a global EV hub.