Bhavish Aggarwa founder of Ola latest news stock market

Bhavish Aggarwal, founder of Ola Electric, is under mounting pressure as he continues to pledge a significant portion of his stake in the company to fund his artificial intelligence venture, Krutrim. This financial maneuver comes amid a notable decline in Ola Electric's stock performance and broader operational challenges.

### Increasing Share Pledges for Krutrim

Aggarwal has pledged an additional 5.88 crore shares of Ola Electric, valued at approximately ₹603 crore, to secure funding for Krutrim. This brings his total pledged shares to about 2.43% of Ola Electric's total equity, representing roughly 8.09% of his personal stake in the company .])

In addition to the share pledges, Aggarwal reportedly infused ₹20 crore in cash to top up collateral for borrowings against shares, following a sustained decline in Ola Electric's share price .

### Ola Electric's Stock Performance and Operational Challenges

Ola Electric's stock has been under pressure, with a significant decline since its market debut. The company's market share has dropped from nearly 50% in May 2024 to just 20%, with competitors like TVS Motor and Bajaj Auto overtaking it. Recent quarterly results show a 62% drop in revenue and increased losses amounting to ₹8.7 billion .

Despite raising ₹6,000 crore through its 2024 IPO and approving another ₹1,500 crore in debt, Ola Electric continues to struggle. Regulatory scrutiny over alleged sales data misreporting and improper disclosure practices exacerbates the situation, alongside government investigations tied to subsidies and operational violations .

### Strategic Focus and Outlook

In response to these challenges, Aggarwal has emphasized a strategic shift towards capital discipline and stronger risk management practices. He described the March quarter of FY25 as a period of significant learning and introspection for the company, highlighting the need for sustainable growth and better resource allocation moving forward .

While Aggarwal's investments in Krutrim indicate a commitment to innovation, the financial strain on Ola Electric and the broader operational challenges suggest a need for careful navigation to ensure the company's stability and growth.