Launch · Climate, Energy & Sustainability

Ola Electric launches new home battery products

By Startup Enthusiast · 21 August 2026

What they do

Ola Electric manufactures electric two-wheelers and expands into battery energy storage systems for residential, commercial, and utility customers

The company launched the Shakti Gen2 home battery, Shakti Rack commercial units, and Mahashakti utility system on August 15, 2026

The launch comes as the company targets an INR 1 lakh crore storage market while narrowing its quarterly net loss to INR 336 crore

Ola Electric launched a new range of battery energy storage systems on August 15, 2026.
The residential lineup features the Shakti Gen2 battery offering 3kW and 6kW variants.
The firm introduced the Shakti Rack for commercial customers alongside solar charge controllers.
For utility-scale projects, the company debuted the Mahashakti rack and container system.
Ola Electric is opening dealer-led stores across seven states after five years of direct sales.
The Ministry of Heavy Industries sanctioned INR 95.81 crore in PLI incentives for FY27.
The business posted a net loss of INR 336 crore in the first quarter of FY27.
Revenue dropped 45 percent to INR 455 crore despite rapid growth in vehicle registrations.

The company is targeting India's INR 1 lakh crore battery energy storage market.
Ola Electric previously entered the residential segment with its first Ola Shakti battery in October 2025.
The retail shift aims to build a network of 500 dealerships across India within two quarters.

Ola Electric primarily manufactures electric scooters and motorcycles.
It produces battery energy storage systems and solar charge controllers.
The firm uses in-house 4680 Bharat lithium-ion cells and LFP chemistry for utility products.
Introductory pricing for the Shakti Gen2 starts at INR 99,999 for the 3kW model.
The Shakti Solar Charge Controller starts at an introductory price of INR 39,999.
Introductory pricing for the S1 Z electric scooter begins at INR 79,999.
The business operates 590 service centres across India.
It aims to train 1 lakh third-party mechanics to service electric vehicles.

Deliveries of the Shakti Gen2 home storage units begin in November 2026.
The Shakti Solar Charge Controller and commercial racks become available in March 2027.
The company plans to establish 500 dealerships across India over the next two quarters.