Mumbai, Aug. 5 -- The company signed the MoU with Axis Energy, outlining the potential deployment of up to 20 GWh of battery energy storage systems (BESS) by 2032. The agreement also envisages scaling deployments to 5 GWh annually from 2028.

Mahashakti, Ola Electric's utility-scale and commercial & industrial (C&I) energy storage platform, is scheduled to be launched on 15 August 2026. The company said the partnership marks the first large-scale commercial engagement for the platform and establishes utility-scale battery storage as a new growth avenue.

Axis Energy is developing a large pipeline of storage-backed renewable energy projects, with grid approvals for more than 3,750 MW across Andhra Pradesh and Rajasthan and an additional pi...