Ola Electric Share Price in Focus; Launches Shakti and Mahashakti Battery Storage Products

Ola Electric Mobility Ltd. has entered the battery energy storage market with the launch of Ola Shakti, Shakti Rack and Mahashakti, as per the exchange filings.  

The company announced the new portfolio on August 15, 2026, covering storage requirements ranging from homes to large utility projects.  

Three Products for Different Storage Needs 

The new range is divided according to the type of customer and application. Ola Shakti (Shakti Gen2) is a residential battery energy storage solution, while Shakti Rack is designed for commercial and industrial users. Mahashakti is aimed at utility-scale energy storage applications.  

All 3 products fall under the Battery Energy Storage Systems (BESS) category and have been launched for the domestic market.  

Ola Electric Moves Beyond Electric Vehicles 

The launch takes Ola Electric's energy business beyond its electric vehicle operations. The company said the new products draw on its capabilities across battery cells, battery packs and energy storage systems, allowing it to address multiple parts of the storage market.  

The product range also gives the company a presence across three distinct segments rather than relying on a single type of energy-storage customer. 

Launches Take Place on August 15, 2026 

Ola Electric launched all three products on August 15, 2026. The company's filing identifies the products as domestic offerings, with no international market launch specified at this stage.  

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OLA Electric Share Price Performance 

As of August 17, 2026, at 11:46 AM, Ola Electric share price was trading at ₹39.15 per share, reflecting a surge of 1.08% from the previous trading session. 

Conclusion 

Ola Electric has started its BESS business with three products covering residential, commercial and industrial, and utility-scale applications. For now, the company is targeting the domestic market, with all three products launched on August 15.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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