Overview
- Reports from South Korea alleged a former LG Energy Solution executive tried to pass pouch-cell IP to Ola, and an LG official said authorities were alerted.
- Ola called the coverage misleading and baseless, stating it has no research or commercial interest in the older pouch format.
- The company asserted its 4680 Bharat Cell uses dry‑electrode technology in a cylindrical form factor and is positioned as India’s first indigenous large‑format cell.
- Ola cited 720 patent filings with 124 granted, a Battery Innovation Centre in Bengaluru employing 250+ specialists, and an operational gigafactory built with about ₹2,500 crore.
- Following ARAI certification for a 5.2 kWh pack, Ola began deliveries on Nov. 5, while Moody’s recently cut parent ANI Technologies to Caa1 with a negative outlook citing operating weakness and liquidity risk.