Ola Electric partners with Axis Energy

Hyderabad: Ola Electric Mobility Limited announced that it has signed a Memorandum of Understanding (MoU) with Axis Energy outlining the potential deployment of up to 20 GWh of battery energy storage systems by 2032.

Ravi Kumar Reddy Kataru, MD, Axis Energy Ventures, said: “As our renewable energy portfolio continues to expand, battery energy storage is quintessential to enabling reliable, round-the-clock clean power.

This MoU marks an important step towards evaluating indigenous battery storage solutions that will support the next phase of our renewable energy growth.”