The legend, the myth is back Ola Electric founder Mr. Bhavish Aggarwal Ji is back he is making news headlines again.
On Sunday, October 4, 2026 Ola electric disclosed this information in a regulatory filing to the stock exchange.
That Bhavish Ji is using his company 4.32% (20 crore) shares to take a loan. According to him this decision is made to buy more shares in the upcoming ₹1,000 crore rights issue.
This is not his first time he has done this twice previously, just shortly after Ola electric went public Mr. Bhavish has started using his shares to take loans
Bhavish Aggarwal Prior Pledging History –
- First – In November/December 2024 he pledged 1.10% stakes (4.8 crore) shares
- Second – In February/March 2025 he pledged 2.43% stakes (5.88 crore) shares
- Third – Now in October 2026 he pledged 4.32% stakes (20 crore)
Is Bhavish Aggarwa Selling Ola Stakes ?
Stock Exchange has confirmed that it’s not sold, but he is just using them as security to join the right issue, which was approved by Ola Electric’s board on 28 September.
According to market sources Ola electric’s made this move to strengthen its financial position amid pressure on its business.
Ola electric Q1 FY27 Financial Highlights –
- Revenue: INR 455 crore from operations.
- Net Loss: INR 336 crore (improved from a loss of INR 500 crore in Q4 FY26).
- Vehicle Deliveries: 39,192 units.
- Consolidated Gross Margin: 30.5%.
If you see the highlights, they said revenue is 455 crore in Q1. If you compare it with last year, it has declined by 45% from Rs 828 last year to Rs 455 This year, new vehicle registrations have also declined by 25% during this quarter
Earlier in June, Ola Electric also raised Rs 780 crore from institutional investors to support its growth plans and strengthen its finances.
Ola Electric Journey
Ola Electric joined the stock market back on August 9, 2024; the issue price was Rs.76 per share. The debut was flat, but later that week it gained momentum, and by the end of the week, the stock price was trading at Rs. 133.
Ola Electric First Week Trading Timeline (August 2024)
| Date | Day | Closing Price (NSE) | Market Action |
|---|---|---|---|
| Aug 9 | Friday (Listing) | ₹91.20 | Debuted flat at ₹76.00, but buying momentum triggered a 20% upper circuit rally by market close. |
| Aug 12 | Monday | ₹109.44 | Rallied further, locking into another 20% upper circuit as buying interest escalated. |
| Aug 13 | Tuesday | ₹110.60 | Saw initial profit booking, experiencing minor consolidation after two days of massive gains. |
| Aug 14 | Wednesday | ₹110.99 | Steady, minor upward movement ahead of the mid-week Independence Day market holiday. |
| Aug 15 | Thursday | Market Closed | Independence Day Holiday — No Trading. |
| Aug 16 | Friday | ₹133.08 | Exploded into another 20% upper circuit following global brokerage HSBC issuing a “Buy” rating and the launch of their new electric motorcycle lineup. |
And by August 20, 2024 the share price was all-time high trading at Rs. 157, then stock price started declining and stopped at Rs. 67 22 November 2024, which was all-time low at that time after IPO launch.
later that year in December it showed some promise again By December 4, 2024, the expansion hype pushed the stock to an intraday high of over ₹98–₹102. However, it immediately began to decline right after hitting this peak due to a combination of market fatigue and cold data
If you had the chance to whisper one thing to Bhavish Aggarwal before his next loan application, what would it be? Drop your comment below and we’ll make sure it reaches his radar
Frequently Asked Questions
He is using 20 crore shares as collateral for a loan to fund his participation in Ola Electric’s upcoming ₹1,000 crore rights issue.
No, the shares are not being sold in the open market; they are only pledged as security.
This marks his third pledging round, following earlier pledges in late 2024 (1.10%) and early 2025 (2.43%).
The company reported ₹455 crore in operational revenue and narrowed its quarterly net loss to ₹336 crore.
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