Ola Electric Set to Enter India’s BESS Market with “Ola Shakti” Energy Storage Solution – EQ
In Short : Ola Electric is preparing to enter India’s rapidly growing Battery Energy Storage System (BESS) market, valued at over $30 billion by 2030. The company plans to unveil its first non-vehicle product, “Ola Shakti,” in mid-October. Leveraging its 4680 Bharat Cell technology from the Tamil Nadu Gigafactory, Ola aims to offer modular and portable energy storage solutions for homes and businesses.
In Detail : Ola Electric is set to expand into India’s rapidly growing Battery Energy Storage System (BESS) market, projected to exceed $30 billion by 2030. This move marks a significant diversification from its core electric vehicle business.
Chairman Bhavish Aggarwal has hinted at a major announcement on October 17, signaling the company’s first venture beyond EVs. The initiative demonstrates Ola’s intent to capitalize on the energy storage sector.
The new product, named “Ola Shakti,” is expected to be unveiled on October 16. It represents Ola Electric’s entry into the BESS market and its commitment to innovative energy solutions.
Industry sources suggest Ola will leverage its proprietary 4680 Bharat Cell technology from the Tamil Nadu Gigafactory. This advanced battery technology offers high energy density, efficiency, and scalability for diverse applications.
Ola Shakti is likely to be developed as modular or portable energy storage solutions, catering to homes, businesses, and small enterprises. The product aims to provide reliable and intelligent energy access.
The company’s move aligns with the growing demand for distributed energy systems in India. As renewable adoption rises, consumers increasingly seek solutions to store and manage energy effectively.
By entering the BESS market, Ola Electric positions itself at the forefront of India’s transition to sustainable, decentralized energy solutions. This expansion complements its EV ecosystem and strengthens its renewable energy portfolio.
The launch of Ola Shakti also reflects the company’s focus on innovation and market leadership. By combining advanced battery technology with practical applications, Ola aims to address emerging energy needs efficiently.
Ola Electric’s strategic foray into BESS is expected to create new business opportunities and reinforce its vision of intelligent, portable, and personal energy systems. The move underscores the company’s commitment to shaping India’s energy future.
