Ola Electric, the renowned electric vehicle manufacturer, has ventured into the energy storage sector with the launch of “Ola Shakti,” its inaugural residential Battery Energy Storage System (BESS). This strategic move marks a significant expansion beyond electric mobility into the burgeoning clean energy market in India.
What is Ola Shakti?
Ola Shakti is a portable energy storage solution designed to provide reliable power backup for homes, farms, and small businesses. Unlike traditional inverters or power banks, it offers scalable energy storage using Ola’s proprietary 4680 Bharat Cells. The system is engineered and manufactured domestically, aligning with India’s push for self-reliance in energy solutions.
Product Features and Pricing
The Ola Shakti system is available in four configurations:
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1.5 kWh – ₹29,999
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3 kWh – ₹55,999
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5.2 kWh – ₹1,19,999
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9.1 kWh – ₹1,59,999
Customers can reserve their units with a ₹999 advance payment. Deliveries are scheduled to commence on Makar Sankranti 2026.
Market Impact and Future Prospects
The launch of Ola Shakti has positively impacted Ola Electric’s stock, with shares rising nearly 5% to ₹57.80 on the NSE. This reflects investor confidence in the company’s diversification strategy.
Ola Electric aims to scale its annual BESS consumption to 5 GWh in the coming years, tapping into India’s projected ₹3 trillion energy storage market by 2030.
With Ola Shakti, Ola Electric is positioning itself as a key player in India’s clean energy landscape, offering innovative solutions to meet the growing demand for sustainable and reliable power sources.
