Economy
Ola Electric Unveils New Battery Energy Storage Portfolio
The Economic Times2h
THE BRIEF
1
Ola Electric has officially launched its new Battery Energy Storage System (BESS) portfolio, marking a major expansion beyond its core electric scooter business.
2
The company has signed a 20 GWh Memorandum of Understanding (MoU) with Axis Energy to deploy these storage solutions across large-scale industrial projects in India.
3
This strategic pivot aims to capitalize on the growing demand for renewable energy storage, with the company targeting a significant share of the domestic BESS market by 2027.