Expands into Utility-Scale Energy Storage - Ola Electric Mobility Ltd

Code BSE: 544225 NSE:

Ola Electric Expands into Utility-Scale Energy Storage; Signs first MoU with Axis Energy The MoU is the first large-scale partnership for Ola Mahashakti, Ola’s forthcoming energy storage platform for commercial, industrial and utility-scale applications, scheduled to launch on 15 August. The partnership is an early demonstration of the scale of demand Mahashakti can address. It establishes utility-scale BESS as a significant new growth avenue for Ola.