Bhavish Aggarwal Pledges Ola Shares: Bhavish Aggarwal, Founder of Ola Electric & Krutrim AI. Bhavish just pledged Ola 5.88 crore shares worth Rs 603 crore to fund his Krutrim AI venture. Let’s learn about Bhavish Aggarwal, Ola Share pledge, and Ola Electric’s current status.
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Bhavish Aggarwal Pledges Ola Shares
Ola Electric & Krutrim AI Founder Bhavish Aggarwal pledges his Ola 5.88 crore shares worth Rs 603 crore to fund his Krutrim AI (Artificial Intelligence) venture. Share pledging can allow founders to raise funds without selling their ownership. Ola Electric is currently in a struggling phase. From August 2024, Ola Electric’s stock has dropped by 30%.
Ola Electric Rs 870 crore Net Loss
According to the company’s reports, Ola Electric’s Rs 870 crore Net Loss in the last quarter. In the electric two-wheeler market share of Ola Electric has fallen by 50-20%. Their other venture, Krutrim AI, the meaning of “Krutrim” is Artificial. After earlier this year, they are raising $50 million to create a complete AI computer System.
🚨 Ola Electric CEO Bhavish Aggarwal has reportedly infused ₹20 crore (~$2.3M) in cash to top up collateral after pledging shares for loans.
— Aism India | 📈 #1 Stock Market Information & News (@Aismindiia) June 5, 2025
This comes as the stock slumped on weak sales figures.
⚠️ Promoter pledges are a red flag—especially ahead of IPO lock-in expiry. pic.twitter.com/yd5n8W0I4A
FAQ on Bhavish Aggarwal Pledges Ola Shares
Q: What is Krutrim AI?
A: Krutrim is Bhavish Aggarwal’s artificial intelligence startup. Its name means “artificial” in Sanskrit, and it aims to build a complete AI computing stack.
Q: Who is Bhavish Aggarwal?
A: Bhavish Aggarwal is the founder of both Ola Electric and the artificial intelligence (AI) startup Krutrim.
Q: What is the latest action taken by Bhavish Aggarwal regarding Ola Electric shares?
A: Bhavish Aggarwal has pledged an additional 5.88 crore shares of Ola Electric, worth Rs 603 crore, to secure funding for his AI startup, Krutrim.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗