Ola Electric has entered the energy storage business formally with the introduction of Ola Shakti, a home Battery Energy Storage System, which is a significant change in the direction of the company. Famous for transforming electric scooters, Ola now wants to change the way Indian homes, farms, and small businesses store and use energy.

Launched by Bhavish Aggarwal on October 16, 2025, Ola Shakti is developed on the cutting-edge 4680 Bharat Cell and provides a maximum of 98 percent efficiency, zero maintenance, and automatic power backup. It is suitable for appliances such as air conditioners, refrigerators, and farm pumps, with full-load backup of up to 1.5 hours.

What Makes Ola Shakti a Game Changer in Energy Storage

• Automotive-grade safety and modular design
• Zero running cost and app-based control
• Instant 0 millisecond changeover time
• Support for wide voltage range of 120V to 300V
• Starting price of ₹29,999

Ola Shakti is not merely a power backup—it is a intelligent energy solution for new India. It combines portability, solar storage, and voltage stabilization in one intelligent unit.

Ola Electric Mobility Share Price Surges After Ola Shakti Launch

Following the announcement of Ola Shakti, Ola Electric Mobility’s share price jumped 5 percent to ₹55.20 on October 16, extending its rally for the second consecutive session. The stock has gained 10 percent in two days, signaling investor confidence in Ola’s expansion beyond electric vehicles.

While the company’s stock remains 35 percent down year-to-date, the launch of Ola Shakti has sparked optimism about future growth in the energy storage segment. Analysts expect Ola’s annual BESS capacity consumption to reach 5 GWh in the coming years, potentially outpacing its automotive battery usage.

Why Investors Are Watching Ola Electric Mobility Closely

• Diversification into energy storage
• Indigenous manufacturing of battery cells
• Potential for grid-scale deployments
• Strong brand recall and tech innovation

Ola’s entry into the ₹1 lakh crore BESS industry, which is expected to expand to ₹3 lakh crore by 2030, makes it a major player in India’s clean energy future.

Final Thoughts: Ola Shakti and Ola Electric’s Expanding Horizon

With Ola Shakti, the company has proven it is more than just an EV brand. It is now a full-stack energy innovator. For investors, the rising Ola Electric Mobility share price reflects growing confidence in this transformation. For consumers, Ola Shakti offers a smarter, cleaner way to power their lives.