Ola Electric Denies Awareness of IP Transfer to Bhavish Aggarwal's Family Office

Ola Electric Mobility Ltd has issued a statement that it has no knowledge of any information about reports indicating that its intellectual property (IP) would be shifted to Bhavish Aggarwal's family office. The company has issued the statement in the wake of speculation over corporate restructuring in the Ola Group that comprises ANI Technologies, Ola Electric, and AI startup Krutrim.

 

Ola Electric's Official Statement

History regarding Ola's IP Ownership

Concerns from investors regarding Restructuring

Bhavish Aggarwal’s Stake in Ola Group Companies

Future Outlook & Market Implications

The corporate clarity redounds to the benefit of Ola Electric, maintaining stakeholder trust in light of restructuring talks.

 

Sources: Business Standard, Outlook Business, Financial Express