Highlights
Ola Electric Mobility Addresses Legal Dispute with Rosmerta Digital Services
Ola Electric Mobility Limited has successfully resolved a legal dispute involving its subsidiary, Ola Electric Technologies Private Limited, and its vehicle registration service provider, Rosmerta Digital Services Ltd. Recently, Ola Electric informed the National Stock Exchange (NSE) and BSE that all outstanding financial obligations have been settled.
Agreement Details and Withdrawal of Case
As part of their settlement, Rosmerta Digital Services has approached the National Company Law Tribunal (NCLT) in Bengaluru to request the withdrawal of the legal case. Ola Electric emphasized that there are no remaining disputes between the two entities and reiterated its dedication to fostering robust business relationships and resolving any potential future conflicts promptly.
Background of the Dispute
The conflict originated when the Rosmerta Group initiated insolvency petitions on March 16 under Section 9 of the Insolvency and Bankruptcy Code. The petition, submitted to the NCLT Bengaluru Bench, alleged that Ola Electric Technologies Pvt Ltd had failed to compensate for the services rendered by the creditor, prompting a request for the commencement of insolvency proceedings against the company.
In recent reports, Ola Electric indicated a successful sale of over 25,000 electric two-wheelers in February 2025, thus maintaining a 28% share in the market segment. However, discrepancies were noted between these sales figures and data recorded on Vahan, a government-operated database maintained by the Ministry of Road Transport and Highways.
Clarification on Data Discrepancy
To address the inconsistency, Ola Electric explained that it was the result of ongoing negotiations with their vehicle registration vendors. They confirmed that the backlog from this data inconsistency has been resolved, although the government has requested additional information regarding the situation.