Ola Electric has issued a strong statement dismissing reports alleging that the company received leaked pouch cell technology from a foreign rival, calling the claims “misleading and baseless.”

According to the company, the report — published by a South Korean outlet — wrongly linked Ola Electric to an unnamed former LG Energy Solution executive accused of sharing battery technology. Ola clarified that it has no interest in pouch cell technology and is instead focused on developing the 4680 Bharat Cell, which it described as India’s first indigenous large-format cylindrical cell based on advanced dry electrode technology.

Ola said the reports surfaced just as the Bharat Cell entered commercial production, adding that the allegations appear to coincide with its growing competition in the

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