Ola Electric Clarifies IP Usage Amid Reports of Brand Rights Transfer

Ola Electric has issued a formal clarification regarding its rights to use the Ola brand name after reports emerged suggesting a possible transfer of intellectual property (IP) from ANI Technologies to a new holding entity under founder Bhavish Aggarwal’s family office. The move has reportedly sparked tension among existing shareholders of ANI Technologies, as per news reports. 

Ola Electric Responds to IP Concerns 

In response to growing speculation, Ola Electric stated it holds a perpetual, royalty-free license to use select Ola brand IPs, including its logo and wordmark. This license agreement, granted by ANI Technologies, is non-exclusive, non-transferable, non-assignable, and revocable. However, Ola Electric did not address whether the brand rights are being transferred to a new entity. 

Bhavish Aggarwal’s Alleged IP Transfer Raises Investor Concerns 

Reports indicate Bhavish Aggarwal may shift brand IP from ANI Technologies to a family office-controlled holding company. The move has reportedly unsettled ANI shareholders concerned about losing recurring royalty revenue from Ola Electric, which currently pays for the brand’s usage rights. 

Linked Transfers and Strategic Moves 

The timing of the controversy follows the recent transfer of Ola Maps, a digital mapping product, from ANI to Krutrim AI. The transaction reportedly valued Ola Maps’ assets at ₹40 crore. The broader Ola ecosystem now spans ANI Technologies (ride-hailing), Ola Electric (EVs), and Krutrim AI (AI innovation), all with partly overlapping but distinct shareholder structures. 

Ola Faces Regulatory Heat Across Multiple States 

Ola is simultaneously grappling with regulatory challenges. Authorities have raided Ola Electric showrooms in Maharashtra, Punjab, and Madhya Pradesh over compliance issues. The company also faced criticism for allegedly overstating sales by including pending scooter bookings. Ola countered that the figures reflected fully paid orders. 

SEBI Probe and Krutrim AI Fundraising Reports 

Ola Electric recently denied media reports suggesting it is under SEBI investigation for insider trading. Additionally, the company refuted claims that Aggarwal is seeking $300 million in fresh investment, equity and debt combined, for Krutrim AI. 

Read More: Maharashtra Cracks Down on Ola Electric Stores Operating Without Trade Certificates 

Ola Electric Share Price 

On May 7, 2025, Ola Electric share price (NSE: OLAELEC) opened at ₹47, lower than its previous close of ₹48.04. At 2.31 PM, the share price of Ola Electric was trading at ₹47.89, down by 0.31% on the NSE.    

Conclusion 

While Ola Electric has affirmed its right to use the Ola brand under a formal agreement, the broader implications of any IP transfer remain unclear. Ongoing scrutiny from shareholders and regulators may continue to shape the company’s strategic direction in the coming months. 

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