Ola Electric Mobility Launches Residential Energy Storage System; Shares Up 5%

MT Newswires Live

2025/10/16

Electric vehicle manufacturer Ola Electric Mobility (NSE:OLAELEC, BOM:544225), on Thursday, launched a residential battery energy storage system (BESS) solution named "Ola Shakti", according to a same-day disclosure to the Indian stock exchanges.

Ola Shakti is designed, engineered, and manufactured in India using the advanced 4680 Bharat Cell using durable and efficient automotive battery packs.

The system can power air conditioners, refrigerators, induction cookers, farm pumps, and communication equipment.

The company's shares were up 5% in recent trade.

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