Ola Electric Mobility has announced the launch of its first 'शक्ति' battery energy storage system (BESS) from its GigaFactory, marking a significant milestone in the company's expansion into the residential energy storage market. This strategic move represents Ola Electric's diversification beyond electric vehicles into the broader energy ecosystem.

Product Launch Details

The शक्ति BESS features indigenous 4680 Bharat cells, showcasing the company's commitment to domestic manufacturing and technological innovation. The product is designed specifically for residential applications and comes in various configurations to meet diverse customer requirements.

Market Entry Strategy

The launch of शक्ति represents Ola Electric Mobility's strategic entry into the residential battery energy storage system market. This move aligns with the growing demand for home energy storage solutions in India, particularly as residential solar installations continue to increase across the country.

Indigenous Technology Focus

The use of indigenous 4680 Bharat cells in the शक्ति BESS demonstrates Ola Electric's emphasis on local manufacturing capabilities. The 4680 cell format is considered advanced battery technology, and the company's ability to produce these cells domestically represents a significant technological achievement.

Manufacturing Capabilities

The production of शक्ति from Ola Electric's GigaFactory highlights the facility's expanding manufacturing scope. The GigaFactory's capability to produce both electric vehicle batteries and residential energy storage systems showcases the versatility of the company's manufacturing infrastructure.

This launch positions Ola Electric Mobility as a comprehensive energy solutions provider, extending its reach from electric mobility into residential energy storage applications through indigenous technology and manufacturing capabilities.

Ola Electric Mobility shares are expected to be in focus following a significant stake reduction by Japanese conglomerate SoftBank Group. The technology investor has trimmed its holding in the Bengaluru-based electric two-wheeler manufacturer to 13.53%, marking another phase of divestment by major institutional investors.

SoftBank's Strategic Divestment

According to recent stock exchange filings, SoftBank offloaded approximately 94.6 million shares through open market transactions conducted between September 3, 2025, and January 5, 2026. This transaction reduced the Japanese conglomerate's stake from 15.68% to 13.53%, making it the second-largest shareholder after founder Bhavish Aggarwal.

This represents SoftBank's second major stake reduction in Ola Electric within a short timeframe. Between July 15 and September 2, 2025, the group had previously sold 94.9 million shares, reducing its holding from 17.83% to 15.68%.

Broader Investor Exit Pattern

SoftBank's divestment is part of a wider trend of stake reductions by institutional investors in Ola Electric. Z47, formerly Matrix Partners India, completely exited its investment in the company on December 5, 2025, marking a complete withdrawal from its position.

Several other global investors have also scaled down their holdings significantly:

Strategic Investor Movements

Strategic automotive investors have also reduced their exposure to Ola Electric. Hyundai Motor Company and Kia Corporation pared their holdings in June 2025 through significant share sales.

Founder Bhavish Aggarwal also participated in share sales, offloading 9.6 crore shares valued at ₹324.00 crore. The proceeds were designated to repay a promoter-level loan that had been used to fund his AI venture, Krutrim, with the loan secured against Ola Electric shares.

Market Position Challenges

Operationally, Ola Electric faces intensifying competitive pressures in the electric two-wheeler segment. According to Vahan data, the company's market share experienced a significant decline to 16.1% in 2025, down from 36.7% in the previous year.

This market share erosion reflects increased competition from established automotive players who have expanded their electric two-wheeler offerings:

• TVS Motor Company
• Bajaj Auto
• Ather Energy
• Hero MotoCorp

The combination of investor exits and market share decline highlights the challenges facing Ola Electric as it navigates an increasingly competitive landscape while dealing with regulatory scrutiny in the electric vehicle sector.