Ola Electric launched Ola Shakti, its first residential Battery Energy Storage System (BESS) solution. With this, the company is making its entry into India’s Rs 1 lakh crore battery energy storage systems market, which is projected to grow to over Rs 3 lakh crore by 2030.

The company aims to expand beyond making just two-wheelers. Ola Electric claims that the new venture represents “a fundamental shift in how Indians access, control, and consume energy, as a portable, on-demand resource designed for modern Indian households, farms, and businesses.” The company expects its annual consumption for BESS to scale up to 5 GWh in the next couple of years.

Bhavish Aggarwal , CMD, Ola Electric, said, “We have built world-class battery and cell technology for electric mobility . Ola Shakti ex

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