Ola Electric Mobility Limited — Others, 06-05-2025: News Verification

Ola Electric Mobility clarified that it holds a perpetual, royalty-free, non-exclusive license to use key intellectual property, including the ‘Ola’ logo, for its electric vehicle business globally under a 2019 agreement with ANI Technologies. The company denied any ongoing talks about transferring this IP to the founder’s family office and confirmed there is no undisclosed information impacting share trading. This clarification assures stakeholders that the company’s operations and business remain unaffected by these reports.