Highlight
- Bhavish Aggarwal responded to the MapMyIndia lawsuit days after the allegedly stole its data.
- It is opportunistic of MapMyIndia; there are opportunistic players everywhere. Ola CEO said
- The CEO also commented on Ola Electric’s Upcoming IPO
The Ola Electric CEO Bhavish Aggarwal responded to the MapMyIndia lawsuit days after the allegedly stole its data. Bhavish Aggarwal said “It is opportunistic of MapMyIndia; there are opportunistic players everywhere. We will respond to them at the right time.” It’s important to note that this development came days before Ola Electric was set to launch its IPO on Friday.
MapMyIndia Accuses Ola Electric of Data Theft
On 29 July, the parent company CE Info Systems, which owned MapMyIndia, alleged that Ola Electric had copied its data for creating Ola Maps. The legal notice, sent to Ola Electric, claimed that the company had breached an agreement signed with the digital navigation firm in June 2021. MapMyIndia accused Ola of caching and saving its data, violating the license agreement, and engaging in unfair commercial practices.
Ola Electric response
Ola Electric, on the other hand, denied the allegations, calling them false, malicious, and misleading. The company stated “We would like to state unequivocally that these allegations are false, malicious, and misleading. Ola Electric stands by the integrity of its business practices. We will suitably respond to the notice shortly.”
Also Read: Bhavish Aggarwal Hints at New Ola Electric Bike Launch
Conclusion
The CEO also commented on the Ola Electric Upcoming IPO said, “We wanted to ensure that the pricing was set at a level that would generate significant excitement among investors.
