Ola Electric signs 20 GWh BESS MoU with Axis Energy

Ola Electric has signed an MoU with Axis Energy to deploy up to 20 GWh of Battery Energy Storage Systems (BESS) by 2032, with annual deployment expected to reach 5 GWh from 2028. The partnership marks the first major agreement for Ola's upcoming Mahashakti energy storage platform, scheduled for launch on August 15, 2026.