Ola Electric said it is expanding beyond mobility into the broader clean energy ecosystem with Ola Shakti, a portable battery energy storage system (BESS). The device can power home appliances such as air conditioners, refrigerators, water pumps, and small business setups.
The company expects annual Gigafactory consumption for the BESS market to scale up to 5 GWh, surpassing its automotive battery consumption over the next few years. Powered by Ola’s indigenous 4680 Bharat Cells, Ola Shakti marks India’s first fully designed, engineered, and manufactured residential BESS.
The system leverages Ola Electric’s advanced 4680 cell technology, Gigafactory infrastructure, and nationwide distribution network, enabling rapid scale-up with zero incremental capital expenditure or R&D costs, according to a regulatory filing.
Ola Shakti has been launched in four battery configurations—1.5 kWh, 3 kWh, 5.2 kWh, and 9.1 kWh—priced at Rs 29,999, Rs 55,999, Rs 1,19,999, and Rs 1,59,999, respectively for the first 10,000 units. Reservations are open at Rs 999, with deliveries scheduled to begin on Makar Sankranti 2026.
According to Ola, the device features instant power changeover, IP67-rated weatherproof batteries, and real-time monitoring via a connected app. It can power appliances for up to 1.5 hours at full load.“India doesn’t face an energy shortage; it faces an energy storage opportunity. With Ola Shakti, we are turning that opportunity into energy independence. We have built world-class battery and cell technology for electric mobility. Ola Shakti extends that innovation to homes, helping them store and use clean energy intelligently,” said Bhavish Aggarwal, CMD of Ola Electric.With today’s gain, the stock has risen 15.4% over the last three sessions. Ola Electric hit the 5% upper circuit in the previous two sessions. The stock is down over 40% from its 52-week high of Rs 102.50 and more than 60% below its all-time high of Rs 157.
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