Ola Electric signs Axis Energy MoU for up to 20 GWh of grid-scale storage
Ola Electric’s first Mahashakti MoU will evaluate deployment of up to 20 GWh of battery energy storage systems with Axis Energy by 2032, extending the EV maker into commercial, industrial and renewable-grid storage.
Ola Electric signed its first Mahashakti MoU with Axis Energy to evaluate deployment of up to 20 GWh of utility-scale battery storage by 2032, expanding the Indian EV maker into commercial, industrial and renewable-grid energy storage.
Why this matters
The agreement broadens Ola Electric’s focus beyond EVs as its February distribution network redesign resurfaces and profitability remains in focus, adding grid-scale storage to the company’s strategic agenda.
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