Ola Electric has rolled out its first residential Battery Energy Storage System (BESS) product, 'Shakti', from its Gigafactory in Krishnagiri, Tamil Nadu. The launch marks a significant milestone in the company's scale-up of its indigenous 4680 Bharat Cell platform and represents Ola Electric's formal entry into the residential BESS market.

Product Innovation and Technology

Shakti is powered by Ola's locally designed, engineered, and manufactured 4680 Bharat Cells, making it India's first residential BESS of its kind. The product is designed to transform how Indian households, farms, and businesses access and manage energy, functioning as a portable, on-demand energy resource.

Product Specifications and Configurations

The Shakti BESS system offers multiple configuration options to meet diverse energy requirements:

Applications and Performance Features

The system is designed to power various appliances including air conditioners, refrigerators, induction cookers, farm pumps, and communication equipment. Shakti offers automotive-grade safety, high efficiency, and zero running costs. The product features IP67-rated battery protection against dust, water, and monsoon conditions, ensuring reliable performance across diverse environmental conditions.

Smart Energy Management

The product enables real-time control and monitoring over battery usage and energy flow, helping users automate energy management and receive actionable insights to save on costs. The system operates on a wide input voltage range, safeguarding appliances from voltage fluctuations.

Market Availability and Company Vision

The product is currently open for reservations at ₹999.00 on the company's official website. According to an Ola spokesperson, the rollout represents a defining moment in the company's mission to build the future of energy in India. The company positions Shakti as making reliable, affordable, and intelligent energy storage accessible to every Indian home, farm, and business, describing it as a foundational building block for India's energy independence and a future powered by clean, decentralized, and on-demand energy.

Ola Electric Mobility Ltd has witnessed significant investor exits as SoftBank Group continues to reduce its stake in the electric vehicle manufacturer. The Japanese investment giant, led by Masayoshi Son, has trimmed its holding from 15.68% to 13.53% over the past four months, marking another phase of divestment in the Bengaluru-based company.

SoftBank's Continued Divestment

SoftBank Group, the second-largest shareholder in Ola Electric after founder Bhavish Aggarwal, sold approximately 94.6 million shares through a series of open market transactions conducted between September 3, 2025, and January 5, 2026. This latest round of stake sales follows a similar divestment pattern from earlier periods.

Broader Investor Exit Pattern

The stake reduction extends beyond SoftBank, with several global and strategic investors trimming their exposure to Ola Electric. Tiger Global Management and Alpha Wave Ventures, which previously held 3.24% and 2.83% respectively as of June last year, now maintain residual stakes of less than 1% each according to September quarter shareholding disclosures.

Strategic investors have also participated in the sell-off:

Financial Performance Challenges

The investor exits coincide with deteriorating financial performance for Ola Electric. The company's operational metrics show significant stress across key parameters.

While the company managed to reduce its net loss, the substantial revenue decline of 43.16% highlights operational challenges in the competitive electric vehicle market.

Market Share Erosion

Ola Electric has experienced significant market share erosion in the electric two-wheeler segment. According to Vahan data, the company's market share dropped dramatically from 36.7% in 2024 to 16.1% in 2025. This decline reflects intensified competition from established players including TVS Motor Company, Bajaj Auto, Ather Energy, and Hero MotoCorp, who have expanded their presence and captured larger market shares.

Current Market Position

Despite the challenges, Ola Electric shares showed resilience on Monday, rising up to 2.60% to reach a high of ₹40.54 compared to the previous close of ₹39.49. The company maintains a market capitalization of ₹17,268.40 crores and continues to operate one of India's largest automated electric two-wheeler factories, the Ola Futurefactory in Tamil Nadu, along with an extensive network of customer experience and service centers across the country.