Drivezy sues Yamaha for starting parallel biz, abandoning acquisition

Drivezy has alleged in court that the Japanese automobile giant Yamaha leveraged the Bengaluru firm’s confidential data to set up a competing business, while saying that it would buy the bike and car rental startup out. In a lawsuit filed before a Bengaluru Additional City Civil and Sessions Judge, the firm further alleged that Yamaha, which is also an investor in Drivezy, induced the firm to provide confidential information about its business.

Entrackr has reviewed a copy of the petition. Moto Business Service India Private Limited, one of the Yamaha subsidiaries sued by Drivezy, said in a statement, “MBSI states that these allegations are completely baseless, the lawsuit was initiated by Drivezy against MBSI, we wish to make no further comments on this.”

Read full article on Entrackr.

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