Ola Electric’s stock continued its upward momentum, climbing 5% to ₹55.20 in the latest session. The rally reflects investor interest following the company’s strategic foray into residential energy storage.
Market Performance
Ola Electric has extended its rally for the second consecutive session, signaling strong market response to its expansion beyond the electric vehicle sector.
- Current share price: ₹55.20
- Daily gain: 5%
- Market focus: Entry into Battery Energy Storage System (BESS) segment
The market reaction indicates confidence in the company’s move to diversify its energy solutions, positioning it as a key player in India’s residential energy storage market.
Ola Electric Enters Residential Energy Storage
In a landmark move, Ola Electric launched its first residential Battery Energy Storage System (BESS), named Ola Shakti. This system is designed to power homes and handle essential appliances, including:
- Air conditioners
- Refrigerators
- Induction cookers
- Farm pumps
- Communication equipment
This launch represents a significant step beyond the automotive domain, expanding the company’s footprint into clean energy solutions for households.
Technology and Product Highlights
Ola Shakti is powered by the company’s indigenous 4680 Bharat cells, making it India’s first fully designed, engineered, and manufactured residential BESS. Key features include:
- Durable and efficient battery packs designed for long-term home use
- Domestic manufacturing ensuring full control over quality and innovation
- Scalable design to eventually support grid-level energy storage applications
The launch aligns with Ola Electric’s vision to address energy storage opportunities in India, not just shortages, providing homes with smarter, cleaner energy solutions.
Pricing and Availability
Ola Shakti is offered in four configurations to meet varying energy needs, with introductory pricing as follows:
- 1kW/1.5kWh: ₹29,999
- 1kW/3kWh: ₹55,999
- 3kW/5.2kWh: ₹119,999
- 6kW/9.1kWh: ₹159,999
Reservations start at ₹999, with deliveries expected from Makar Sankranti 2026. The product will be available for purchase on Ola Electric’s website and in Ola stores nationwide.
Company Perspective
Bhavish Aggarwal, CMD of Ola Electric, emphasized that India’s energy challenge is storage, not supply. Ola Shakti leverages the company’s existing cell technology, Gigafactory production, and national distribution network to scale quickly and efficiently.
This expansion reflects a strategic pivot, positioning Ola Electric as a player not only in mobility but also in residential clean energy storage.
Summary
Ola Electric’s share price surge highlights market optimism around its entry into the residential BESS segment. With its indigenous technology, scalable product, and strategic pricing, Ola Shakti is poised to make a mark in India’s energy storage landscape.
The company’s focus on clean energy, innovation, and domestic manufacturing underscores a broader narrative of growth beyond electric vehicles, creating new opportunities in the emerging residential and grid-scale energy market.
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