Bhavish Aggarwal, the founder of Ola Electric Mobility , has increased his pledged stake in the company from 8.09% to 10.11% during the September quarter, according to recent reports. This move is part of a series of pledges made since the company's listing in August 2024.

Key Details of the Pledge

Impact on Share Price

Ola Electric's share price has seen a significant decline since its listing:

• 43.00% decrease since August 2024 listing
• Over 36.00% drop since Aggarwal's first pledge in November

Recent Company Developments

1. Revenue Guidance Reduction

• FY26 revenue guidance reduced by nearly a third
• New guidance: Rs 3,000-3,200 crore

2. Equity Fundraise

• Approved Rs 1,500 crore equity fundraise

3. Debt Obligations

• Total debt and interest due by FY30: Rs 2,114 crore

Pattern of Share Pledging

Aggarwal has been consistently pledging shares to fund various ventures:

• Previous pledges made to fund AI venture Krutrim
• Lenders include Axis Trustee Services and Avendus entities
• Additional collateral of Rs 20 crore added when stock dropped below Rs 50

This pattern of increasing share pledges by Bhavish Aggarwal raises questions about the company's financial strategy and the founder's approach to funding group companies. The significant decline in share price since listing and the reduction in revenue guidance suggest challenges for Ola Electric in the near term. Investors may want to closely monitor the company's performance and financial decisions in the coming quarters.

Ola Electric Mobility , a prominent player in India's electric vehicle market, has seen its shares decline significantly over the past week, reflecting both technical and fundamental challenges.

Stock Performance

Ola Electric's stock has experienced a sharp downturn:

Technical analysts note that the stock remains in a downtrend since its IPO highs, with key resistance levels at Rs 60-65 and support at Rs 40.

Q3 Financial Results

The company recently reported mixed quarterly results:

Despite the revenue decline, Ola Electric achieved Auto EBITDA profitability for the first time, marking a significant milestone for the company. The company also reported a 52% reduction in operating expenses.

Future Outlook

Ola Electric has set targets for the near future:

• Projected full-year revenue: Rs 3,000-3,200 crore
• Targeted deliveries for H2: 100,000 units

Technology Development

The company dismissed a South Korean report alleging improper acquisition of battery technology as 'misleading and baseless.' Ola Electric stated that it has begun commercial production of its in-house 4680 Bharat Cell technology, reinforcing its commitment to technological advancement in the EV sector.

The recent stock performance and mixed financial results highlight the challenges and opportunities facing Ola Electric as it navigates the competitive and rapidly evolving electric vehicle market in India. While the company has made strides in profitability and technology development, investors appear to be cautious, as reflected in the recent stock price movements.