Bhavish Aggarwal-led Ola Electrical on November 9 dismissed media studies which claimed that an unnamed former LG Vitality Answer government tried to move on pouch cell know-how IPs to Ola Electrical.
“The media studies alleging know-how intrigue involving Ola Electrical, casting unfounded aspersions on the corporate’s world-class battery innovation capabilities, are deceptive and utterly baseless,” the electrical two-wheeler maker mentioned in an announcement.
Ola Electrical mentioned the previous and dated pouch cell know-how, which the report claims was leaked, is just not even an space of analysis or business curiosity for the corporate. “Our 4680 Bharat Cell is predicated on essentially the most superior dry electrode know-how in a cylindrical type issue and surpasses the pouch cell touted in media leaks,” it mentioned.
“The insidious media report emerges at a telling time, simply as Ola’s 4680 Bharat Cell, has entered business manufacturing. The 4680 Bharat Cell represents India’s first indigenous large-format cell and straight competes with the Korean majors within the home market,” the assertion mentioned.
“The worry of shedding market alternatives, together with a major buyer in Ola Electrical, is prompting the overseas rival to assault an indigenous battery innovation,” it added.
Ola Electrical mentioned because it scales up manufacturing of the 4680 Bharat Cell, invests in R&D and manufacturing infrastructure, a “deceptive narrative of tech intrigue is being weaponised to undercut India’s emergence as a world participant in superior power know-how.”
Ola Cell Applied sciences has established India’s first operational cell Gigafactory, constructed with a cumulative funding of ₹2,500 crore. The corporate mentioned its Battery Innovation Centre (BIC) in Bengaluru employs over 250 individuals.
“The federal government, via varied initiatives, has created a strong ecosystem for firms like us to innovate, file patents, and construct world-class know-how in India. India’s progress in superior cell know-how, exemplified by the 4680 Bharat Cell, is the direct results of this imaginative and prescient for technological self-reliance. We is not going to permit enterprise rivalries or motivated media hypothesis to derail India’s push towards international management in clear power and battery innovation,” mentioned Ola Electrical.
This comes days after Moody’s Rankings downgraded Ola Electrical’s father or mother, ANI Applied sciences Pvt Ltd, company household score and the score on the assured senior secured time period mortgage borrowed by Ola Netherlands to ‘Caa1’ from ‘B3’ with adverse outlook.
“The downgrade to Caa1 and adverse outlook displays the continuing weak spot in Ola’s working efficiency that’s eroding liquidity and elevating the chance of a covenant breach within the coming months,” mentioned Shweta Patodia, a Moody’s Rankings Assistant Vice President and Analyst. Sustained working weak spot has resulted in greater than anticipated money burn in the course of the six months ended September 30, 2025, the scores company mentioned.
