Ola Electrical races forward with 205 EV patents – Instances of India

MUMBAI: Ola Electricalthe IPO-bound pure-play Indian EV producershas emerged as essentially the most prolific patent writer within the nation amongst its friends within the 2022-23 interval.
With 205 patents revealed within the EV and EV-related applied sciences area with the Indian patents workplace, it tops the desk on this phase of mental property rights race. TVS with 156 revealed patents is on the second spot, adopted by Suzuki (78), Honda (77) and BYD (58), knowledge from Mental Property India confirmed.
Ola Electrical is aiming to boost Rs 5,500 crore by issuing new shares in its proposed IPO, A few of its present shareholders are additionally offloading a little bit over 9.5 crore shares by means of this supply, its draft papers filed with Sebi confirmed. Of the Rs 5,500 crore that hail Electrical will obtain, it plans to spend Rs 1,600 crore for R&D, the corporate stated within the draft supply doc.

“R&D and know-how is on the core of our enterprise mannequin with a concentrate on in-house product innovation,” it stated within the IPO doc. It undertakes R&D actions in India, the UK and the US. These R&D facilities are “targeted on designing and creating new EV merchandise and core EV parts, similar to battery packs, motors and automobile frames”, it stated.
Of the 205 patents revealed by Ola Electrical, 92 are within the battery know-how area, 27 within the software program associated to EVs, 19 every within the automobile security & safety phase and controller phase, 12 within the motor & transmission phase. The steadiness 36 are within the automobile physique parts, AI and different associated tech.
Ola Electrical has additionally utilized for patents in EV technology-related area exterior India. The corporate has 10 registered patents within the US, the UK, China and the Netherlands and 37 patent purposes are pending within the US, Japan, the UK, Australia and on the Europe Patent Workplace by means of the Patent Cooperation Treaty. The corporate has cumulatively spent over Rs 725 crore in R&D during the last three years, and had pumped in over Rs 93 crore within the first quarter of fiscal 2024, its IPO draft papers confirmed.