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

Updated: May 06, 2025 09:41

Image Source: The Financial Express
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
  • Ola Electric disavowed any awareness of an IP sale to Bhavish Aggarwal's family office.
  • The firm underscored that no such discussion or determination have been publicized.
History regarding Ola's IP Ownership
  • ANI Technologies currently owns Ola brand IP, which is Ola's ride-hailing company.
  • Ola Electric acquires the usage rights for brand IP from ANI Technologies by paying a license fee.
Concerns from investors regarding Restructuring
  • Reports suggest that ANI Technologies investors are concerned about losing future royalty income if the IP is transferred.
  • The restructuring could impact ANI’s strategic control over the electric vehicle business.
Bhavish Aggarwal’s Stake in Ola Group Companies
  • Aggarwal owns only 9% of ANI Technologies, but over 30% of Ola Electric and nearly 90% of Krutrim.
  • He has pledged a portion of his Ola Electric stake, valued at ₹500 crore, to fund Krutrim’s expansion.
Future Outlook & Market Implications
  • The restructuring of the Ola Group will make cross-holdings within its businesses simpler.
  • Investors are following closely any change in ownership and financial direction.
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

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