3 weeks ago
Ola Electric launches Mahashakti battery storage platform on August 15
Ola Electric is a company in India that makes electric scooters.
Its leader, Bhavish Aggarwal, launched a new product on August 15 called Mahashakti.
Mahashakti is a huge battery that can store electricity for factories, businesses and power grids.
It is like a giant rechargeable battery for a whole building.
Ola also has a smaller product called Shakti that gives backup power to homes and small shops.
India is building lots of solar and wind power, but the sun does not always shine and the wind does not always blow.
Big batteries can save that energy for later, which keeps the lights on.
Experts say India will need more than 400 GWh of energy storage by 2032.
Ola has agreed to explore supplying up to 20 GWh of storage to Axis Energy by 2032.
Ola makes its own batteries in a factory that will reach 6 GWh of capacity by September.
Ola Electric launched Mahashakti, a battery energy storage platform for commercial, industrial and utility-scale projects, on August 15.
Mahashakti builds on Ola's Shakti platform, which provides backup power for homes and small businesses.
Ola's Gigafactory will be operational at a capacity of 6 GWh by September, supporting its EV business and external energy storage customers.
Ola signed a memorandum of understanding with Axis Energy for the potential deployment of up to 20 GWh of battery storage by 2032.
India is projected to require more than 400 GWh of energy storage by 2032, driven by renewable energy capacity and grid reliability needs.
- Who
- Ola Electric, led by Bhavish Aggarwal, along with Axis Energy under a memorandum of understanding
- What
- Launch of Mahashakti, a battery energy storage platform targeting commercial, industrial and utility-scale projects
- Where
- India
- When
- Launched on August 15; Gigafactory set to reach 6 GWh capacity by September
- Why
- To address India's growing demand for energy storage, projected at more than 400 GWh by 2032, driven by renewable energy capacity and grid reliability needs
Key facts
- Company
- Ola Electric
- Leader
- Bhavish Aggarwal
- New product
- Mahashakti battery energy storage platform
- Target segment
- Commercial, industrial and utility-scale projects
- Launch date
- August 15
- Gigafactory capacity
- 6 GWh operational by September
- MoU partner
- Axis Energy - up to 20 GWh of battery storage by 2032
- India's projected storage need
- More than 400 GWh by 2032









