Bangalore, India – The Indian automotive market is set to witness rapid growth in the electric vehicle (EV) market due to government incentives, enhanced cost competitiveness, OEM investment, increased customer readiness and awareness. According to a recent report from Bain & Company, India’s EV value chain revenue pool is expected to reach between $76 billion and $100 billion by 2030, potentially resulting in an $8 billion–$11 billion profit pool.
This growth is anticipated to be partly driven by homegrown development of technology and innovation in different areas of electric mobility. Patents and other forms of intellectual property are playing an important role in facilitating growth, and are expected to be essential for India’s goals in electric mobility. Consequently, there is a need for specialized patent firms that can support electric mobility companies with patent searches, filing, prosecution, and portfolio development. One such firm with extensive expertise and experience in patents relating to electric mobility is BananaIP Counsels.
BananaIP Counsels – an Intellectual Property Firm founded out of IIM Bangalore in 2004 – is renowned as a leader in the e-mobility space. In the last three years alone they have handled over 1,000 patents and IP projects related to this area. What sets BananaIP apart is its team of Senior Partners leading highly specialized teams with their respective fields of expertise. The team of more than 60 associates covers all facets of IP requirements including consulting, strategy, advisory services, filing & prosecution services as well as dispute resolution. For businesses seeking experienced IP attorneys with diverse proficiency who specialize in e-mobility services then BananaIP should be your go-to firm in Bangalore.
The firm offers comprehensive IP services for the e-mobility sector such as Patent Drafting & Filing Services; Patent Licensing Services; Trademark & Design Filing & Protection; support for IP teams within Research & Development divisions; Technology Transfer & Cross Border Licensing Services; IP Audit & Due Diligence services. Some of BananaIP’s clients include Mahindra Electric, Sun Mobility and IIT Bombay.
“We at BananaIP are proud to be part of this revolution transforming how people move from one place to another and we will continue doing our part by providing essential IP-related services for businesses operating in this space,” said Somashekar Ramakrishna – Senior Partner at BananaIP Counsels.
About BananaIP Counsels: Incubated from IIM-B’s entrepreneurship cell (NSRCEL), BananaIP has grown into one of India’s leading full service intellectual property firms offering patent filing/prosecution/licensing services along with trademark registration services across India and globally. Additionally, the firm provides strategic advisory/litigation support services covering almost all aspects of intellectual property law.
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