India, Dec. 8 -- Continuing its downward spiral, listed EV major Ola Electric's shares dropped 4.76% to touch a fresh all-time low at INR 33.81 during the intraday trading session on the BSE today.

The shares have fallen about 55% from their IPO price of INR 76. The company went public in August 2024.

At 12:42 IST, the shares of the company were trading 4.31% lower at INR 33.97. The company's market capitalisation stood at INR 14,996 Cr (about $1.8 Bn).

On a year-to-date basis, the stock has crashed nearly 60% on the back of high losses, regulatory troubles, declining market share in the electric two-wheeler (E2W) segment, and more.

Last week, it was reported that Ola Electric's early backer Z47 (erstwhile Matrix Partners) exited the ...