India, Aug. 6 -- Two of Ola Electric's early backers, Z47 and Tiger Global Management, have pared down their holdings in the startup during the first quarter of the ongoing financial year (Q1 FY26).

As per the data shown on the exchanges, Z47 and Tiger Global Management have diluted 0.81% and 0.21% stake in Ola Electric, respectively.

This comes on the back of South Korean automobile giant Hyundai Motor Company exiting Ola Electric after offloading its 2.47% stake or 10.8 Cr shares in the company in June. During the same time, Kia Corporation also diluted a 0.62% stake or 2.7 Cr shares in the company as part of a bulk deal.

Ola Electric recently announced financial results for the first quarter of FY26. As per the financials, the start...