Ola Electric Mobility Ltd., backed by SoftBank Group, is facing significant difficulty in securing fresh funding. The electric scooter maker’s fortunes have reversed sharply since its highly successful initial public offering last year, when investors sought over four times the available shares. Today, the company battles declining market share, substantial cash burn, and a 53% drop in share price during 2025. Multiple financiers have recently rejected investment opportunities in the company, though discussions with certain investors continue.
The company’s struggles stem from eroding market dominance in the electric two-wheeler segment, coupled with persistent operational losses. In a strategic shift, Ola Electric has introduced a new home battery storage product line, betting on this sector to revitalize its business prospects and attract investor confidence.
