Ola Electric looks beyond scooters, unveils new products in Shakti portfolio
Ola Electric is expanding its battery business into energy storage solutions. The company unveiled a three-tier Shakti portfolio for various applications. This new range spans homes, commercial facilities, and grid-scale energy storage. Ola aims to achieve India's energy independence through this strategic expansion.
Ola Electric is venturing beyond scooters and unveiling a new range of energy storage products under its Shakti portfolio. The company introduced Shakti Gen2 for residential use, Shakti Rack for businesses, and Mahashakti for large-scale applications, ranging from kilowatt-hour-scale systems to a 6.26 MWh containerised storage system.
This expansion is built on Ola's indigenous Lithium Iron Phosphate (LFP) cell technology, marking a shift from their initial Shakti offerings. The portfolio aligns with Ola's goal of driving "energy independence" in India. Founder and CEO Bhavish Aggarwal has highlighted energy storage as one of three key demand engines for their cell manufacturing business, alongside electric vehicles and external cell sales.
The company has also invested Rs 2,000 crore in its wholly-owned subsidiaries focused on electric vehicle and battery manufacturing. Shakti Gen2 is designed for residential use, controllable through an app and integrable with solar power. While the previous Shakti range offered 5.2 kWh and 9.1 kWh systems, the new portfolio extends the range from 4.6 kWh to 6.26 MWh, catering to commercial and utility-scale storage needs.
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