26 Mar 2024 , 02:14 PM
Ola Electric tops the charts as India's leading patent publisher for the 2022-23 period, with 205 patents published in the EV and EV-related technologies sector.
TVS secures the second position with 156 patents, followed by Suzuki, Honda, and BYD in third, fourth, and fifth place respectively, with 78, 77, and 58 patents. Ola Electric aims to raise ₹5,500 Crore through its IPO, with plans to allocate ₹1,600 Crore for research and development (R&D).
The company's R&D efforts span across various regions including India, the UK, and the US, focusing on battery technology, software, vehicle safety, artificial intelligence, and more. Ola Electric has applied for patents internationally, with 10 registered patents and 37 pending patent applications in countries like the US, UK, China, Japan, and Australia.
Over the past three years, Ola Electric has invested over ₹725 Crore in R&D, with an additional ₹93 Crore in the first quarter of fiscal 2024, showcasing its dedication to innovation. As Ola Electric gears up for its IPO, its emphasis on R&D and technology underscores its commitment to driving innovation and advancing the EV industry.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.