Now Reading: Ola Electric to launch Mahashakti battery storage platform on Aug 15
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Ola Electric to launch Mahashakti battery storage platform on Aug 15
Ola Electric to launch Mahashakti battery storage platform on Aug 15
Bhavish Aggarwal-led Ola Electric will launch its battery energy storage platform Mahashakti on August 15, targeting commercial, industrial and utility-scale projects. The company’s Gigafactory will reach 6 GWh capacity by September, supporting…
The Story in Brief
Bhavish Aggarwal-led Ola Electric will launch its battery energy storage platform Mahashakti on August 15, targeting commercial, industrial and utility-scale projects. The company’s Gigafactory will reach 6 GWh capacity by September, supporting both its electric vehicle business and external storage customers.
Ola has signed a MoU with Axis Energy for potential deployment of up to 20 GWh of battery storage by 2032, one of the largest such domestic agreements. India is expected to need over 400 GWh of energy storage by 2032 as renewable capacity grows. Ola's 46100 LFP cell has received BIS certification, while its 4680 NMC cell is already in its electric scooters.
The Indian Opinion
Ola’s Mahashakti launch and the Axis Energy MoU feed a familiar narrative: a Indian firm leapfrogging into cutting-edge manufacturing. But the storage market remains unproven at scale, and no financial details have been disclosed. The real test will be whether Ola’s Gigafactory hits its September capacity target and whether the MoU translates into firm orders, not just press releases.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
