Ola Electric’s first domestically constructed home BESS, Ola Shakti, marks the company’s entry into the battery energy storage market. With the industry expected to treble by 2030, the business wants to get into the ₹1 lakh crore market.
Ola Shakti Powers Homes
Ola Electric introduced its first home Battery Energy Storage System (BESS) solution, Ola Shakti. With this, the business is entering the battery energy storage systems industry in India, which is expected to increase from Rs 1 lakh crore to over Rs 3 lakh crore by 2030.
The business wants to do more than simply produce two-wheelers. As a portable, on-demand resource made for contemporary Indian homes, farms, and companies, Ola Electric asserts that the new project signifies “a fundamental revolution in how Indians access, manage, and use energy.” In the next years, the firm anticipates that its yearly BESS usage would increase to 5 GWh.
Bhavish Aggarwal on Innovation
“We have developed world-class battery and cell technology for electric transportation,” said Bhavish Aggarwal, CMD of Ola Electric. Ola Shakti brings that innovation to households, assisting people in wisely storing and using pure energy.
Ola Shakti is a logical next step for the business, according to Aggarwal, as it makes use of its current 4680 cell technology, Gigafactory manufacturing capabilities, and statewide Ola network as a ready sales and distribution backbone, guaranteeing quick growth without requiring any further funding.
Specifications for Ola Shakti
Ola Shakti is India’s first home BESS, completely developed, constructed, and made in-country utilizing the cutting-edge 4680 Bharat Cell and very robust, effective, and proven car battery packs.
According to the business, Ola Shakti’s modular architecture enables multidirectional stacking and effortless scaling, and its small form factor guarantees easy household installation and maintenance, along with easily accessible air filters.
Four variants of the Ola Shakti are available at an initial price: 1kW/1.5kWh for Rs 29,999; 1kW/3kWh for Rs 55,999; 3kW/5.2kWh for Rs 1,19,999; and 6kW/9.1kWh for Rs 1,59,999. The system has a two-hour charging time and a 1.5-hour backup capacity when fully loaded. It can power air conditioners, freezers, induction cookers, farm pumps, and communication devices.