Ola Electric founder and Chief Executive Officer Bhavish Aggarwal has taken steps to fully repay his ₹260 crore founder-level personal loan by selling a small portion of his personal shareholding in the company. As a result of this move, all 3.93% of previously pledged shares will be completely released.
In an official statement, Ola Electric said that the promoter group will continue to hold approximately 34% stake in the company even after the transaction. “This remains among the highest promoter holdings in recently listed companies,” the company noted, adding that there is no dilution of promoter control and no change in long-term commitment to the business.
The company explained that the decision was taken to eliminate founder-level debt and share pledges, which can potentially create avoidable risks and market volatility. The move aligns with the founder’s belief that Ola Electric should operate without any pledged shares and with minimal debt exposure.
Ola Electric also clarified that the transaction has been executed entirely at the founder’s personal level and will have no impact on the company’s operations, governance, or future growth plans.
Reaffirming its strategic vision, the company said it remains firmly focused on building a globally competitive electric mobility and clean energy company, with a strong emphasis on India-first innovation and sustainability. This step is being viewed as a positive signal for investors, reflecting financial discipline and long-term confidence in Ola Electric’s growth story.
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