Ola Electric Mobility Limited unveiled an expanded energy storage portfolio spanning residential, commercial, industrial and utility-scale applications, marking its entry into the broader energy storage business beyond electric vehicles, according to a press release the company filed with stock exchanges on August 17, 2026.
The Bengaluru-based electric vehicle manufacturer said the new portfolio, branded Ola Shakti, is built around indigenous lithium iron phosphate (LFP) battery technology and the company’s vertically integrated cell-to-system manufacturing capabilities. The lineup spans three segments: home energy storage under Shakti Gen2, commercial and infrastructure energy under Shakti Rack, and industrial and utility-scale energy under Mahashakti.
Bhavish Aggarwal, Chairman and Managing Director of Ola Electric, said the company’s battery and cell technology would extend beyond electric mobility, adding that the initiative would help India store and use clean energy across every scale, from homes to the grid, by leveraging its gigafactory, indigenous LFP cells and nationwide distribution network without additional capital intensity.
The Shakti Gen2 home storage system, available in 4.6 kWh and 9.2 kWh variants priced at Rs 99,999 and Rs 1,74,999 respectively, is open for reservations at Rs 999, with deliveries scheduled to begin in November 2026. The Shakti AC Rack and Shakti DC Rack, aimed at commercial and telecom infrastructure applications, are scheduled for availability from March 2027. Mahashakti, the company’s utility-scale offering with a capacity of 6.26 MWh per container, along with the Mahashakti Rack for large commercial and industrial loads, is also slated for launch in March 2027.
According to the company, Central Electricity Authority estimates and industry projections indicate India will require hundreds of gigawatt-hours of storage capacity by the early 2030s to support renewable energy integration, grid reliability and the national target of 500 GW of non-fossil capacity. Ola Electric said it has signed a memorandum of understanding with Axis Energy for the potential deployment of up to 20 GWh of battery energy storage systems by 2032 under the Mahashakti platform, which the company described as among the largest announced domestic deployments of indigenous battery storage technology.
The company said further technical specifications, pricing for commercial and utility-scale products, performance data, warranty terms and partnership updates would be announced in due course.
