Never heard again of storage unit ownership by Electrovaya, shortly before PR on MOU with Asian Partner (Mahindra ?).
Could come back on table or just a dead "PR pipeline" ?
http://www.enbala.com/contents/subs/IN_THE_NEWS/Articles/2012/2012-12-19-Infrastructure%20Journal%20-%20Developments%20in%20Power%20Storage%20Could%20Provide%20Alternative%20to%20Peaker%20Power.pdf
Battery Solutions
Electrovaya’s storage solutions, battery units installed at project sites, are currently owned and operated by utilities; however DasGupta said that the company is “looking into owner- ship with new partnerships possible around early 2013.”