Ola Electric Mobility has signed a memorandum of understanding (MoU) with renewable energy company Axis Energy for the potential deployment of up to 20 gigawatt hours (GWh) of battery energy storage systems (BESS) by 2032. The agreement marks Ola Electric’s formal entry into the utility-scale battery energy storage segment and represents the first large-scale partnership for its proposed Mahashakti energy storage platform.
According to the company, Mahashakti is designed to cater to commercial, industrial and utility-scale energy storage applications. The platform is scheduled to be officially launched on August 15. As part of the collaboration, the deployment of battery storage systems is expected to scale up to 5 GWh annually from 2028, supporting the growing demand for renewable energy integration and grid stability.
While the two companies have outlined an ambitious long-term deployment target, they have not disclosed the financial details of the agreement or a year-wise implementation schedule. The partnership reflects Ola Electric’s broader strategy to diversify beyond electric vehicles and strengthen its presence in the clean energy ecosystem. If implemented as planned, the project is expected to contribute significantly to India’s expanding battery energy storage capacity and accelerate the transition towards a more sustainable and reliable energy infrastructure.
