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.

The Ministry of Heavy Industries (MHI) has approved revised timelines under the Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme for ola electric mobility , securing a full five-year incentive window through calendar year 2031. This regulatory adjustment unlocks up to ₹7,240 crore in cumulative incentives for the company’s wholly owned subsidiary, Ola Cell Technologies Private Limited (OCT). Disbursements will begin quarterly starting next quarter, providing a recurring financial stream as the company scales its cell manufacturing operations.

Revised PLI Framework and Capacity Milestones

The MHI revision extends the original timeline by two years, allowing Ola Electric to access the complete incentive package for its 20 GWh allocation. The company reported it is ahead of the revised schedule, having reached an installed capacity of 2.5 GWh with a further 3.5 GWh under installation. Ola Electric expects to achieve the initial milestone of 6 GWh by the end of the current quarter, well ahead of the revised December 2026 deadline.

Strategic Impact on Cell Manufacturing

Bhavish Aggarwal, Chairman and Managing Director of Ola Electric, stated that the timeline revision transforms the economics of the cell business by converting previous milestone overhangs into a structured incentive opportunity. He noted that the company had not factored these incentives into prior business projections after overshooting original timelines. The new framework enables access to the full potential of ₹7,240 crore, with disbursements commencing as soon as next quarter.

Ola Electric is developing a multi-chemistry cell platform spanning Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) technologies. The strategy emphasizes indigenous research and development, increased localization of battery materials, improved manufacturing yield, and closed-loop material recovery. These efforts aim to strengthen India’s energy security and technology independence while building a globally competitive domestic battery ecosystem for electric mobility, energy storage, drones, and robotics.

What the Numbers Show

The alignment between accelerated capacity expansion and extended PLI eligibility significantly improves the project’s financial outlook. By achieving 6 GWh capacity ahead of the December 2026 deadline, Ola Electric positions itself to begin receiving quarterly disbursements earlier than the maximum allowed timeframe. This front-loading of revenue from incentives supports the capital-intensive scaling required to reach the final 20 GWh target, reducing reliance on external funding for working capital during the growth phase.