Shares of Ola Electrical Mobility Ltd surged 5% on sixteenth October after the corporate introduced its entry into the vitality storage options sector with the launch of ‘Ola Shakti’.
Ola Electrical is increasing past electrical automobiles into the clear vitality sector with the launch of ‘Ola Shakti’, a conveyable battery vitality storage system (BESS).
The machine can energy residence home equipment, corresponding to air conditioners, fridges, and water pumps. It is usually appropriate for small enterprise setups. Ola Electrical’s CEO, Bhavish Aggarwal, said that the product affords a “last-mile, grid-complementing resolution” for energy backup, photo voltaic storage, voltage stability, and vitality portability.
Ola Shakti is available in 4 fashions — 1.5 kWh, 3 kWh, 5.2 kWh, and 9.1 kWh. They’re priced at Rs 29,999, Rs 55,999, Rs 1,19,999, and Rs 1,59,999, respectively, for the primary 10,000 models. Pre-bookings are open at Rs 999, with deliveries anticipated by Makar Sankranti 2026.
The system affords on the spot energy changeover, weatherproof batteries, and real-time monitoring by way of a related app. It’s able to powering home equipment for as much as 1.5 hours at full load.
Ola Electrical plans to utilise its present gigafactory, 4680 cell know-how, and nationwide retailer community to scale BESS operations. They intention for as much as 5 GWh of annual consumption within the coming years with out incurring further capital expenditure.
At 3:30 PM, the shares of Ola Electrical ended 5% larger at Rs 55.38 on NSE.
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