Ola Electric has signed its first Mahashakti Memorandum of Understanding (MoU) with Axis Energy Ventures to potentially deploy up to 20 GWh of Battery Energy Storage Systems (BESS) by 2032. The partnership supports the commercial launch of Ola’s Mahashakti energy storage platform on August 15, with annual deployments expected to reach 5 GWh from 2028.
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