Ola Electric enters utility-scale storage with Axis Energy MoU
Ola Electric has signed its first Mahashakti energy-storage MoU with Axis Energy, targeting potential deployment of up to 20 GWh of battery energy storage systems by 2032 as it expands beyond electric vehicles.
Ola Electric signed its first Mahashakti energy-storage MoU with Axis Energy, potentially deploying up to 20 GWh of battery systems by 2032. The partnership marks Ola’s entry into utility-scale storage, leveraging India-designed and manufactured battery systems.
Why this matters
Alongside Ola Electric’s February distribution-network redesign, which returned profitability to focus, the Axis Energy agreement for up to 20 GWh adds a grid-storage expansion beyond EVs.
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