Electrical two-wheeler maker Ola Electrical Mobility prolonged its rally for the second consecutive session on Thursday, October 16, surging 5% to ₹55.20 apiece, following the corporate’s entry into the Battery Power Storage System (BESS) phase.
In an alternate submitting in the present day, the corporate introduced the launch of its first residential Battery Power Storage System (BESS), Ola Shakti, designed for houses and able to powering air conditioners, fridges, induction cookers, farm pumps, and communication tools.
This launch marks the corporate’s strategic transfer past the automotive area.
Ola Electrical enters residential battery storage
Powered by Ola’s indigenous 4680 Bharat cells, the corporate mentioned Ola Shakti is India’s first residential BESS which is absolutely designed, engineered, and manufactured domestically.
The launch is a part of the corporate’s broader imaginative and prescient for the vitality storage market in India, which it goals to scale from residential purposes to grid-scale deployments. With its entry into the BESS market, Ola Electrical expects its annual BESS capability consumption to achieve 5 GWh over the following couple of years.
The corporate claims that that is India’s first absolutely designed, engineered, and manufactured residential BESS, developed indigenously utilizing superior 4680 Bharat Cells and constructed with extremely sturdy, environment friendly, and examined automotive battery packs.
Bhavish Aggarwal, CMD, Ola Electrical, mentioned, “India would not face an vitality scarcity; it faces an vitality storage alternative. With Ola Shakti, we’re turning that chance into vitality independence. We’ve constructed world-class battery and cell know-how for electrical mobility.”
“Ola Shakti extends that innovation to houses, serving to them retailer and use clear vitality intelligently. Ola Shakti is a pure subsequent step for us as we leverage our present 4680 cell know-how, Gigafactory manufacturing capabilities, and nationwide Ola community as a prepared gross sales and distribution spine – guaranteeing speedy scale with none incremental funding, he additional added.
In line with the corporate, Ola Shakti is obtainable at introductory costs in 4 configurations: 1kW/1.5kWh at ₹29,999; 1kW/3kWh at ₹55,999; 3kW/5.2kWh at ₹119,999; and 6kW/9.1kWh at ₹159,999.
In line with the corporate’s regulatory submitting, the product shall be out there for buy on the Ola Electrical web site in addition to in Ola shops, with deliveries starting Makar Sankranti 2026, with reservations beginning at ₹999.
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