OLAELEC NSE filing

Ola Electric Launches Full-Stack Energy Storage Portfolio, Shakti Rack & Mahashakti

The RealCase readHigh impact Positive

Ola Electric unveils a full-stack energy storage portfolio, including Shakti Rack and Mahashakti. Home energy storage solution Shakti Gen2 reservations are open at ₹999, with deliveries starting November 2026. Commercial and industrial solutions are slated for March 2027. The company also signed an MoU for up to 20 GWh of storage systems by 2032.

Why it matters

The launch of a full-stack energy storage portfolio, including solutions for utility-scale applications and strategic MoUs, represents a major strategic move for Ola Electric, impacting its market position and future growth significantly.

The market read

The announcement details a significant product launch and expansion into new energy storage markets, indicating growth and innovation for the company.

Ola Electric Mobility Limited has announced a significant expansion of its Shakti energy storage portfolio, encompassing solutions for home, commercial, industrial, and utility-scale applications. The new offerings are built around indigenous LFP battery technology and the company's vertically integrated cell-to-system capabilities.

Bhavish Aggarwal, Chairman and Managing Director, stated that Ola Shakti extends their battery and cell technology innovation across all scales, from home to the grid, enabling India to store and utilize clean energy intelligently. This expansion leverages Ola Electric's Gigafactory, indigenous LFP cells, and nationwide network to provide reliable and affordable energy storage.

The portfolio includes Shakti Gen2 for homes, with reservations open for ₹999 and deliveries starting November 2026. For commercial and infrastructure needs, Shakti AC Rack and Shakti DC Rack will be available from March 2027. The Mahashakti range, designed for industrial and utility-scale storage, includes Mahashakti Rack and a 6.26 MWh Mahashakti container. Ola Electric has also signed an MoU with Axis Energy for a potential deployment of up to 20 GWh of battery energy storage systems by 2032 under the Mahashakti platform.

Ola Shakti utilizes the company’s Krishnagiri Gigafactory and LFP cell technology, aiming for advantages in safety, supply-chain security, and total cost of ownership. Further technical specifications, pricing for commercial and utility products, and warranty terms will be disclosed later.

Filing to action

What to do with a filing like this

Ola Electric Mobility Limited filed this with the NSE as a statutory disclosure, categorised under product launches. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Ola Electric Mobility Limited. Read the original for the full detail.

View original filing