MapMyIndia claims Ola Electric copied its mapping data to create Ola Maps. Ola denies the allegations, calling them false and misleading.
CE Info Systems, parent of MapMyIndia, accused Ola of duplicating its API and SDKs, alleging that Ola reverse-engineered its licensed mapping product.
Ola Electric asserts that the allegations are false, malicious, and misleading. They stand by the integrity of their business practices and plan to respond to the notice.
A legal document from CE Info Systems claims Ola copied proprietary data for commercial gains, which is used to develop Ola Maps.
Ola Cabs initially partnered with MapMyIndia in 2015 for mapping data. In 2022, Ola Electric integrated MapMyIndia's services into their S1 Pro electric scooter.
Ola Electric's IPO activities are underway with a price band of Rs 72-76 per share. The public offering opens on August 2, aiming for a market cap of Rs 33,500 crore.