Ola Electric Founder Sells ₹92 Cr Shares Amidst 65% Stock Crash & Revenue Drop

• Bhavish Aggarwal, Ola Electric co-founder, sold 2.6 crore shares (0.6% stake) for ₹92 crore on December 16.
• The sale occurred as Ola Electric's stock crashed 64.67% in one year, closing down 8.51% at ₹34.20 on BSE.
• Company reported reduced net loss to ₹418 crore in September quarter, but revenue declined 43.2% YoY to ₹690 crore.
• Sales volume dropped 44% YoY and 19% QoQ to 55,000 units in the September quarter.
• Ola Electric cut its full-year revenue guidance significantly to ₹3,000-₹3,200 crore from previous ₹4,200-₹4,700 crore.

Why It Matters: Ola Electric founder's share sale highlights company's struggles with declining revenue and stock performance.