Is Energy Storage The Answer To Ola Electric’s Profitability Puzzle?

Ola Electric now intends to scale its capacity to 20 GWh by the second half of 2027 on the back of its new hero product – battery energy storage system

While the “EV + energy” combo has potential in the long term, the EV maker would need to make investments and market the new product, further putting strain on its bottom line

Ola Electric’s early years were about growth and EVs, but the tanking stock price has made it turn its focus to addressing quality issues and foraying into new segments to turn…