Ola Electric Shares Gain 15% in Three Sessions; Rallies After Ola Shakti Launch

Shares of Ola Electric Mobility climbed nearly 15% over three trading sessions following the launch of Ola Shakti, a portable residential battery energy storage system.

The product marks the company’s entry into the broader clean energy ecosystem, expanding beyond two-wheeler electric mobility into home and small-business energy solutions.

Ola Shakti: Expanding Beyond Mobility

Ola Electric introduced Ola Shakti, a portable battery energy storage system (BESS) capable of powering home appliances such as air conditioners, refrigerators, water pumps, and small business setups. The company anticipates that annual consumption for the residential BESS market could reach 5 GWh, exceeding its automotive battery usage over the coming years.

The system is built on Ola’s 4680 Bharat Cells, developed entirely in India, making it the country’s first fully designed, engineered, and manufactured residential BESS. Ola Shakti leverages the company’s existing Gigafactory infrastructure, advanced cell technology, and distribution network, enabling rapid scaling with minimal additional R&D or capital expenditure.

Product Details and Availability

Ola Shakti is available in four battery capacities:

Reservations can be made with a ₹999 deposit, with deliveries scheduled to start on Makar Sankranti 2026. 

The system offers instant power changeover, IP67-rated weatherproof batteries, and real-time monitoring through a connected app, capable of powering appliances for up to 1.5 hours at full load.

Ola Electric Share Price Performance

Following the announcement, Ola Electric shares rose nearly 5% intraday on October 17, hitting ₹57.80 on the NSE. Over the last three sessions, the stock gained 15.4%, including two consecutive 5% upper circuit limits.

Despite the rally, the stock remains down over 40% from its 52-week high of ₹102.50 and more than 60% below its all-time high of ₹157.

Read More: 2-Wheeler EVs and Warranty Economics: Discover How Much Revenue Goes to Warranties.

Conclusion

Ola Electric’s launch of Ola Shakti represents a strategic expansion into the residential energy storage market, complementing its two-wheeler EV business. The stock’s recent gains reflect investor interest in the company’s broader clean energy ambitions, while its performance continues to be influenced by market volatility and valuation history.

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