Z47, an early backer of Bhavish Aggarwal's ventures, has completely divested its stake in Ola Electric, realizing returns between 7 to 10 times its initial investment. According to sources familiar with the matter, this strategic exit aligns with Z47's objective of raising its first independent fund. The move follows a series of partial stake sales from Z47's investment portfolio in India, which included its earlier exit from the ride-hailing platform Ola. The complete withdrawal from Ola Electric marks a significant milestone for Z47, demonstrating its ability to identify and nurture high-potential startups in the mobility sector. This development also reflects the growing maturity of India's electric vehicle market, which has attracted substantial investor interest in recent years. Ola Electric continues to expand its operations despite this change in its shareholder structure.

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