Ola Launches *Ola Shakti* to Enter India’s ₹1 Lakh Crore Energy Storage Market – EQ
In Short : Ola has announced its entry into India’s ₹1 lakh crore energy storage market with the launch of *Ola Shakti*. The venture will focus on advanced battery and energy storage solutions to power electric vehicles and renewable systems. This initiative supports India’s clean energy transition, enhances domestic manufacturing, and promotes self-reliance in sustainable mobility and energy infrastructure.
In Detail : Ola has made a major move into India’s rapidly expanding energy storage sector with the launch of its new venture, *Ola Shakti*. The initiative marks the company’s strategic entry into the ₹1 lakh crore energy storage market, aiming to revolutionize the country’s approach to clean energy and sustainable transportation.
The new venture will focus on the development and manufacturing of advanced battery and energy storage systems. These solutions will cater to a wide range of applications, including electric vehicles, renewable energy projects, and grid-scale energy storage. Ola aims to position itself as a key player in India’s clean technology ecosystem.
Through *Ola Shakti*, the company seeks to accelerate the adoption of electric mobility by ensuring reliable, efficient, and domestically produced energy storage systems. This will not only reduce dependency on imports but also help lower the overall cost of EV ownership in India.
The initiative supports India’s national vision of achieving energy independence and carbon neutrality in the coming decades. By integrating innovation, sustainable design, and scalable production, Ola is set to contribute significantly to the country’s renewable energy capacity and green manufacturing efforts.
Ola’s entry into this segment also aligns with the government’s push for indigenization under the Make in India and Atmanirbhar Bharat missions. The company plans to establish large-scale manufacturing capabilities to meet growing domestic and global demand for energy storage solutions.
The venture will also play a pivotal role in supporting India’s electric vehicle ecosystem. With energy storage being a critical component of EV success, *Ola Shakti* aims to create high-performance battery solutions tailored for Indian climatic and operational conditions.
In addition to manufacturing, Ola plans to invest heavily in research and development to drive technological innovation. The company will focus on improving battery efficiency, lifespan, and recycling capabilities to ensure long-term sustainability and reduced environmental impact.
By entering the energy storage sector, Ola is diversifying its clean energy portfolio beyond electric mobility. This move strengthens its position as a leader in sustainable technology and reflects its long-term vision of creating a fully integrated green energy ecosystem.
With *Ola Shakti*, the company not only aims to meet India’s growing energy storage needs but also contribute to the global clean energy revolution. The initiative symbolizes a major leap toward self-reliance, innovation, and sustainable economic growth driven by green technology.
