Ola Electric Mobility Limited has informed the Exchange regarding a press release dated January 12, 2026, titled "Ola Electric Rolls Out First शक्ति From Its Gigafactory, Marking a Major Milestone Towards Scaling-up 4680 Bharat Cell Platform".
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Ola Electric has rolled out its first 'Shakti' unit from its Gigafactory in Krishnagiri, Tamil Nadu, marking its entry into the residential battery energy storage (BESS) market and moving beyond its core electric vehicle business. Shakti is powered by Ola's indigenous 4680 Bharat Cells and is positioned as India's first fully domestically designed, engineered, and manufactured residential energy storage product. It will be offered in four configurations — 1.5 kWh, 3 kWh, 5.2 kWh, and 9.1 kWh — and is targeted at homes, farms, and small businesses as a clean alternative to lead-acid inverters and diesel generators. Key features include IP67 dust and water resistance, 0 ms changeover, 200V–240V input range, ~2 hour charging, and up to 1.5 hours of backup on full load. Reservations have opened on Ola's website at ₹999.
This is a positive diversification milestone for Ola Electric, opening a new revenue stream in India's fast-growing residential energy storage segment and validating the commercial use of its 4680 Bharat Cell platform beyond EVs. For shareholders, it signals progress on monetization of the Gigafactory investment and reduced dependence on the competitive two-wheeler EV market, though actual revenue contribution will depend on adoption and pricing of the Shakti range.