Ola Electric launched Ola Shakti, its first residential Battery Energy Storage System (BESS) solution. With this, the company is making its entry into India’s Rs 1 lakh crore battery energy storage systems market, which is projected to grow to over Rs 3 lakh crore by 2030.
The company aims to expand beyond making just two-wheelers. Ola Electric claims that the new venture represents “a fundamental shift in how Indians access, control, and consume energy, as a portable, on-demand resource designed for modern Indian households, farms, and businesses.” The company expects its annual consumption for BESS to scale up to 5 GWh in the next couple of years.
Bhavish Aggarwal, CMD, Ola Electric, said, “We have built world-class battery and cell technology for electric mobility. Ola Shakti extends that innovation to homes, helping them store and use clean energy intelligently”
Aggarwal added that Ola Shakti is a natural next step for the company as it leverages its existing 4680 cell technology, Gigafactory production capabilities, and nationwide Ola network as a ready sales and distribution backbone – ensuring rapid scale without any incremental investment.
Ola Shakti specifications
Ola Shakti is the first residential BESS in India, which is fully designed, engineered, and manufactured indigenously using the advanced 4680 Bharat Cell, using the highly durable, efficient and tested automotive battery packs.
The company stated that the modular design of Ola Shakti allows for multi-directional stacking and easy scalability, while its compact form factor ensures simple home installation and easy servicing, with accessible air filters.
Ola Shakti is priced at an introductory price in four configurations: 1kW/1.5kWh at Rs 29,999; 1kW/3kWh at Rs 55,999; 3kW/5.2kWh at Rs 1,19,999; and 6kW/9.1kWh at Rs 1,59,999. The system can power air conditioners, refrigerators, induction cookers, farm pumps, and communication equipment, with charging times as fast as 2 hours and a backup capacity of up to 1.5 hours on full load