Ola Electric signs Axis Energy MoU to assess 20 GWh storage deployment by 2032
Ola Electric is moving beyond EVs through its first Mahashakti energy-storage MoU, with Axis Energy evaluating up to 20 GWh of utility-scale battery systems for commercial, industrial and grid applications by 2032.
Ola Electric signed its first Mahashakti energy-storage MoU with Axis Energy to evaluate deployment of up to 20 GWh of utility-scale battery systems by 2032, expanding beyond electric vehicles into commercial, industrial and grid-storage applications.
Why this matters
The MoU follows Ola Electric's February 2025 distribution-network redesign, which resurfaced as a profitability initiative, and signals a parallel move into energy storage.
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