Ola Electric has signed an MoU with Axis Energy to explore deploying up to 20 GWh of battery energy storage systems by 2032. The partnership marks the first large-scale commercial agreement for Ola's upcoming Mahashakti energy storage platform, which is set to launch on August 15, and aims to support India's growing demand for grid-scale energy storage.

Ola Electric shares surged after the company signed an MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032. The partnership is the first major…

Ola Electric has signed an MoU with Axis Energy to explore deploying up to 20 GWh of battery energy storage systems by 2032. The partnership marks the first large-scale commercial…