Ola Electric is expanding beyond electric vehicles to build a larger energy storage business, introducing a three-tier Shakti portfolio designed for homes, commercial facilities, and grid-scale applications. The company unveiled Shakti Gen2 for residential use, Shakti Rack for business environments, and Mahashakti for large-scale storage on Saturday. The range spans from kilowatt-hour-scale systems to a massive 6.26 MWh containerized storage unit.
They rely on Ola’s indigenous Lithium Iron Phosphate cell technology. This technology is an evolution from the first-generation Ola Shakti, which launched earlier this year using the company’s 4680 Bharat Cells. Ola frames the move as part of its strategy for India’s energy independence, stating that India’s next independence will be energy independence on its website.
Founder and CEO Bhavish Aggarwal identified energy storage as a key demand engine for the cell manufacturing business alongside electric vehicles and external cell sales. The parent company approved a Rs 2,000 crore investment into its subsidiaries focused on these sectors. A stock exchange filing showed a Rs 1,500 crore infusion into Ola Electric Technologies and a Rs 500 crore investment into Ola Cell Technologies through compulsory convertible preference shares.
The Shakti Gen2 system is marketed as a household product rather than a standard industrial cabinet. Photos reveal a compact design closer to a consumer appliance, allowing users to control the unit via the Shakti app. It also integrates with solar power through the company’s solar charge controller.
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Earlier offerings ranged from 5.2 kWh to 9.1 kWh, with the larger system delivering 6 kW of power and up to 1.5 hours of backup at full load. The new announcement expands this capacity from 4.6 kWh to 6.26 MWh.
Mahashakti targets commercial and utility-scale needs for manufacturing facilities, warehouses, retail spaces, and data infrastructure. A single Mahashakti rack contains 257 kWh of energy capacity and provides more than 125 kW of expandable power capability.
In its FY26 disclosures, the company said Shakti had generated more than 50,000 customer leads, with interest from telecom companies, petrol pumps, retail chains, dark stores and other commercial users. It also said Mahashakti was being developed for commercial and industrial as well as utility-scale storage.
Ola Electric reported Rs 295 crore in revenue from operations in Q1 FY27, a 45% year-on-year decline, even as its net loss narrowed to Rs 336 crore from Rs 428 crore in the year-ago quarter.
