Hyundai sold its entire 2.47% stake in Ola Electric, while Kia trimmed its holding, raising $80 million. Ola Electric’s shares fell 8% amid slowing sales, regulatory challenges, and stiff competition. The company has seen a 46% share drop since its August 2024 IPO.

• Hyundai and Kia invested $300 million in Ola Electric in 2019.
• Shares sold at nearly a 6% discount to Monday’s closing price.
• Ola Electric reported wider Q4 losses and forecasted Q1 revenue decline.