In an official communication, Ola Electric stated, “We wish to inform you that Ola Electric, India’s Largest Pure-Play EV company, is set to launch a new product in the energy space on October 17, 2025, via a premiere on its official social media handles.”
This development follows statements from Ola Electric Chairman and Managing Director Bhavish Aggarwal, who recently hinted at a strategic shift beyond the company’s existing electric vehicle operations. In a tweet, Aggarwal highlighted that power in India is moving “from utility to deep tech — intelligent, portable, and personal,” suggesting a broader scope in the energy domain.
Industry sources speculate that the upcoming announcement may pertain to Ola Electric’s entry into the Battery Energy Storage Systems (BESS) market. The Indian energy storage sector, though still emerging, is projected to exceed USD 30 billion by 2030, according to industry estimates.
Sources further indicate that the company may leverage its existing 4680 Bharat Cell technology developed at its Tamil Nadu Gigafactory for this potential new venture. The company’s 5 GWh manufacturing capacity is said to be adaptable for storage applications without major capital outlay, while its existing network of Ola Electric stores could function as distribution hubs for both residential and commercial energy solutions.
The model under consideration is expected to be asset-light, possibly allowing quicker market access compared to traditional BESS infrastructure projects. Reports suggest that Total Contract Value (TCV) in this area has seen growing momentum, driven by rising demand for distributed energy solutions across India.If Ola Electric does enter the energy storage market, the company could benefit from its current infrastructure and domestic manufacturing capabilities. The Indian government’s emphasis on local production is also being seen as a supportive backdrop for such moves.More clarity is expected once Aggarwal officially announces the plans on October 17, potentially marking Ola Electric’s formal entry into the energy storage landscape.
On Tuesday, the shares of Ola Electric Mobility closed flat at Rs 50.08 on the BSE.
Also read: Axis Bank Q2 preview: Profit seen falling 19% YoY as margin and cost pressures persist
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
as a Reliable and Trusted News Source