Ola Electric CEO Bhavish Aggarwal said his company has been working on deploying energy storage network to ensure that half the renewable energy produced in the country can be stored for later use. This could help bridge the gap between supply and demand of green energy, he added.

Ola Shakti will utilise Ola’s in-house 4680 Bharat Cells, said Aggrawal. This is the same battery cell Ola recently started using in its electric two-wheelers.

Aggarwal said the energy storage solution can run large household appliances, and has prospective use cases in beyond households and in fields like agriculture, defence and communication.

The solution has been launched in 1.5 kWh, 3 kWh (two 1.5kWh units stacked together), 5.2 kWh, and 9.1 kWh battery configurations at introductory pricing of Rs 29,999, Rs 55,999, Rs 1,19,999 and Rs 1,59,999, respectively, for the first 10,000 units. Reservations have been opened for a token price of Rs 999, with deliveries scheduled to begin Makar Sankranti 2026.

The system will have a battery efficiency of 98%, and come with an input voltage range of 120–290 volts. It can be charged in two hours and deliver power backup of up to 1.5 hours on full load.

Ola will build Shakti units at its Gigafactory in Tamil Nadu, allowing it to scale with zero incremental capital expenditure and R&D spends, Aggarwal said. He underlined that the system has been conceptualized, designed and manufactured in India with a pan-nation distribution network.

“Public and market always assumed our gigafactory will only be for our automotive cells. But the biggest application of our gigafactory will actually be grid energy storage and battery storage systems,” Aggarwal said.

Ola Electric shares were locked in the 5% upper circuit at Rs 55.37 as of 11:26 am on NSE after the announcement.