According to recent regulatory disclosures, two of Ola Electric Mobility’s early investors — venture capital firm Z47 (formerly Matrix Partners India) and hedge fund Tiger Global Management — reduced their stakes in the electric two-wheeler manufacturer during the April-June quarter.

Z47 divested less than 1% of its holdings in the firm, earning as much as ₹187 crore, according to ETTech. It currently possesses a 1.93% stake, comprising about 8.5 crore shares, which is valued at roughly ₹347 crore based on the current market price of ₹41 per share.  In 2019, the VC firm initially invested ₹107 crore in Ola Electric and continues to maintain investments in Ola’s ride-hailing service and the AI venture Krutrim.

The trimming is part of a broader strategy shift at Z47, which involves reducing exposure in other startups such as OfBusiness, Razorpay, and Dailyhunt to unlock approximately $150–180 million, as previously reported by ET.

In the same timeframe, Tiger Global diminished its investment in Ola Electric to 3.24% from 3.45%. Its holdings via Internet Fund III are now valued at approximately ₹585 crore.

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Hyundai Motor Company and Kia Corporation also divested from a portion of their investments earlier in June, selling approximately 10.88 crore and 2.7 crore shares, respectively, and generating earnings of ₹552 crore and ₹137 crore.

The investor exits occur as Ola Electric shifts its strategy to focus on profitability in the face of increasing competition in India’s electric two-wheeler (E2W) sector.

In the April-June quarter, the company reported a net loss of ₹428 crore, which is greater than the ₹347 crore loss recorded in the same period last year.  Nonetheless, this represented a significant improvement compared to the ₹870 crore loss in the January-March quarter.

The company also reported a decline in revenue, with ₹828 crore recorded in Q1, down from ₹611 crore in the prior quarter.

Ola Electric’s future roadmap as it navigates the next phase of EV growth in India is expected to be laid out at the company’s annual event, Sankalp 2025, scheduled for August 15.