Ola Electric Mobility Limited has accepted the resignation of Abhishek Jain as its Company Secretary and Compliance Officer. The departure is effective from the end of business hours on August 28, 2026.

Jain cited new professional opportunities and career aspirations as the reason for his exit. The company disclosed the move pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The intimation was signed by Deepak Rastogi, Chief Financial Officer of Ola Electric Mobility Limited. The filing confirms that a copy of Jain’s resignation letter has been enclosed with the regulatory submission.

The company stated that the intimation would also be hosted on its official website. No immediate replacement was named in the disclosure.

Ola Electric Mobility Limited launched its comprehensive Battery Energy Storage System (BESS) product portfolio on August 17, 2026, marking a significant expansion of its energy initiative. The company unveiled three distinct product lines designed to cater to diverse storage requirements across residential, commercial, industrial, and utility-scale applications: Shakti Gen2, Shakti Rack (AC and DC variants), and Mahashakti (Rack and standard variants). This move expands Ola Electric's energy solutions offering beyond electric vehicle manufacturing, reinforcing its strategic focus on indigenous energy technology.

Product portfolio overview

The newly launched BESS portfolio leverages the company's integrated capabilities across battery cells, packs, and energy storage systems. Built around indigenous Lithium Iron Phosphate (LFP) battery technology, the products create a single architecture spanning from home energy to grid-scale management.

Pricing and availability

Shakti Gen2 serves as the residential entry point, combining battery backup, intelligent energy management, and solar storage. The 4.6 kWh model carries an introductory price of ₹99,999, while the 9.2 kWh model is priced at ₹1,74,999. Both models can be reserved for ₹999, with deliveries scheduled to begin in November 2026.

For businesses, Shakti AC Rack and Shakti DC Rack extend the storage architecture into commercial applications. The AC Rack integrates battery and inverter into a single system, while the DC Rack interfaces directly with compatible DC infrastructure. Both rack variants are scheduled for availability from March 2027.

At the top of the portfolio, Mahashakti moves the offering into industrial and grid-scale storage. Mahashakti Rack addresses large commercial and industrial loads, while the 6.26 MWh Mahashakti container is designed for utility-scale projects. The architecture can scale from a single container to GWh-scale energy storage plants. Mahashakti products are also coming in March 2027, with reservations currently available.

Strategic context

The announcement aligns with India's push for greater energy independence through indigenous technology. Unlike previous years, no on-ground Sankalp event was held; instead, details were released exclusively through official digital channels on India's 80th Independence Day. This direct-to-consumer communication model allows stakeholders to access detailed updates immediately upon release without logistical constraints.

The disclosure was made pursuant to Regulation 30 read with Schedule-III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The press note was issued by Abhishek Jain, Company Secretary and Compliance Officer, from Bengaluru and submitted to both the National Stock Exchange of India Limited and BSE Limited.

Ola Electric continues to leverage its vertical integration capabilities, including its Krishnagiri Gigafactory and the Battery Innovation Centre in Bengaluru, to support these energy initiatives. The company has also signed an MoU with Axis Energy for the potential deployment of up to 20 GWh of battery energy storage systems by 2032 under the Mahashakti platform.