Ola Electric MoU With Axis Energy Targets Up to 20 GWh Storage by 2032
Ola Electric Mobility signed an MoU with Axis Energy outlining the potential deployment of up to 20 GWh of battery energy storage systems by 2032. The partnership announcement lifted Ola Electric shares, which surged intraday and recovered strongly from the March low, with Ola pointing to Axis Energy’s renewables-backed storage pipeline and validation of its Mahashakti potential.