Ola Electric and Axis Energy Partner for Massive 20 GWh Battery Storage Deployment by 2032

Ola’s upcoming ‘Mahashakti’ platform secures its first major partnership to power India’s clean energy transition with utility-scale battery storage.

Priya06-Aug-26 10:41 AM

Ola Electric and Axis Energy Partner for Massive 20 GWh Battery Storage Deployment by 2032

In a monumental step for India's renewable energy transition, Ola Electric has announced a strategic Memorandum of Understanding (MoU) with Axis Energy to deploy up to 20 GWh of Battery Energy Storage Systems (BESS) by 2032.

This agreement represents a major expansion for Ola Electric beyond electric mobility and serves as the inaugural commercial partnership for its upcoming Mahashakti energy storage platform.

The Launch of Ola Mahashakti

Scheduled for an official launch on August 15, 2026, the Ola Mahashakti platform is designed specifically for commercial, industrial, and utility scale energy storage applications.

This marks Ola Electric's formal entry into the utility scale BESS segment. Built as a vertically integrated, India designed, and India manufactured platform, Mahashakti spans everything from cell technology to system engineering. This approach is intended to provide enhanced safety, robust supply chain security, and a lower total cost of ownership over the system's operational life.

Scaling Up for the Future

The collaboration outlines an ambitious deployment timeline to address India's growing demand for grid-scale storage.

Total Target: Potential deployment of up to 20 GWh by 2032.
Annual Ramp-up: The companies aim to gradually scale deployments, targeting an annual supply capacity of up to 5 GWh starting in 2028.

Axis Energy, which is building one of India's largest pipelines of storage backed renewable projects, provides a massive anchor for this expansion. The renewable energy developer has already secured grid approvals for over 3,750 MW of projects across Andhra Pradesh and Rajasthan, with an additional pipeline of roughly 3,500 MW.

Driving India's Clean Energy Transition

India's push toward a greener future requires significant infrastructure upgrades to manage the intermittent nature of solar and wind power.

The Challenge: Renewable energy requires large scale battery storage to improve integration, enhance grid stability, and deliver reliable, round the clock clean power.
The Scale: The Central Electricity Authority (CEA) estimates that India will need over 400 GWh of energy storage capacity by 2032 to successfully stabilize the grid.

"India will need energy storage at a massive scale, and our vertically integrated cell to system platform enables us to deliver a stronger proposition across safety, performance and total cost of ownership," said Bhavish Aggarwal, Chairman and Managing Director of Ola Electric.

By securing Axis Energy as its first large scale partner, Ola Electric is not just diversifying its business model it is positioning itself as a foundational player in the future of India's clean energy infrastructure.

Frequently Asked Questions

Q.1What is the Ola Mahashakti platform?

Ola Mahashakti is Ola Electric's upcoming energy storage platform designed for commercial, industrial, and utility-scale applications. Entirely designed and manufactured in India, it provides battery energy storage systems (BESS) for grid infrastructure, data centers, and renewable energy integration.

Q.2What is the Ola Electric and Axis Energy partnership?

Ola Electric and renewable energy developer Axis Energy have signed an agreement to deploy up to 20 GWh of battery energy storage by 2032. This marks Ola's official entry into the utility-scale energy storage market and is the first major anchor project for its Mahashakti platform.

Q.3What is a Battery Energy Storage System (BESS)?

A BESS captures and stores energy from the power grid or renewable sources (like solar and wind) so it can be used later. It solves the core problem of renewable energy intermittency by dispatching stored power when the sun isn't shining or the wind isn't blowing, ensuring a stable and reliable grid.

Q.4Why does India need so much energy storage by 2032?

As India aggressively expands its renewable energy capacity, massive energy storage is required to manage grid stability. The Central Electricity Authority (CEA) estimates the country will need over 400 GWh of storage by 2032 to successfully integrate clean energy and prevent power outages.

Q.5When is Ola Mahashakti launching?

The Ola Mahashakti platform is scheduled for its official launch on August 15, 2026.

Q.6Ola Electric make its own BESS batteries?

Yes. Ola uses a vertically integrated "cell-to-system" manufacturing model. By developing its own cell technology and handling system engineering entirely in-house in India, the company aims to offer better safety, supply chain security, and a lower total cost of ownership.