Ola Electric has expanded beyond electric two-wheelers with the launch of “Ola Shakti,” a battery energy storage system (BESS) aimed at residential and small commercial users, as India looks to scale up distributed energy solutions.
The product, unveiled this week by founder Bhavish Aggarwal, marks the company’s formal entry into the country’s growing energy-storage market and signals a strategic shift to become an integrated mobility and energy firm, according to reports.
The company describes Ola Shakti as a home-grown battery solution engineered to store power and keep homes and small businesses running during outages or when grid supply is constrained.
Ola’s product documentation indicates that the system is designed to operate both on-grid and off-grid, built using automotive-grade battery packs developed in-house.
The firm says it is leveraging its electric vehicle (EV) battery technology and manufacturing experience to produce a modular, scalable system suited for Indian conditions.
Ola also emphasized that the product is designed and manufactured domestically, aligning with the government’s “Make in India” and renewable energy targets.
Industry observers note that the timing of the launch coincides with a broader market opportunity.
India’s BESS market is expected to expand rapidly over the coming years as renewable power generation increases and storage solutions become essential to balance fluctuating supply and demand.
Analysts cited by business publications estimate that the sector could reach a valuation of several billion dollars by the end of the decade, driven by policy incentives and growing consumer adoption of solar and backup power systems.
Market reaction to the announcement was immediate. Ola Electric’s shares surged following the launch, with reports stating that the stock hit its upper circuit limit as investors welcomed the company’s diversification into energy infrastructure.
For Ola, this new venture could open revenue streams beyond electric vehicle sales and capture demand from homeowners, farms, and small enterprises seeking reliable power solutions amid rising electricity costs and intermittent grid reliability.
Company executives framed Ola Shakti as more than just a backup battery. It is positioned as part of a broader vision to integrate energy services and storage capabilities within Ola’s electric ecosystem.
By adapting proven EV battery technology for stationary applications, Ola aims to achieve economies of scale while reinforcing its identity as an indigenous clean energy innovator.
The company has already started taking early registrations and announced introductory pricing for the product, suggesting an aggressive rollout strategy to attract early adopters in regions with high solar potential or unreliable grid access.
Ola’s entry places it in direct competition with established energy-storage and inverter manufacturers, as well as newer EV and renewable energy startups targeting the same space.
Analysts say the product’s success will depend on factors such as pricing competitiveness, safety certifications, after-sales service, and integration with rooftop solar systems.
Still, Ola Shakti represents a major step in the company’s evolution from an electric mobility brand to a broader clean energy solutions provider — a move that could redefine how Indian households and small businesses generate, store, and use electricity in the years ahead.
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