Ola Electric Extends Rally, Stock Up 2.9% Today and 16% in the Last 5 Days After ‘Ola Shakti’ Launch

Bengaluru, October 17, 2025: The share price of Ola Electric Mobility Limited (NSE: OLAELEC, BSE: 544225) continued its winning streak on Friday, rising 2.94% to ₹57 by 12:09 PM. The uptick was driven by strong buying interest following the company’s entry into the ₹1 lakh crore Battery Energy Storage Systems (BESS) market with its new initiative, ‘Ola Shakti’.

Rally Driven by Energy Storage Foray

Ola Electric has entered the residential energy storage market with the launch of Ola Shakti, India’s first indigenously developed residential battery energy storage system. This marks the company’s entry into the ₹1 lakh crore BESS market, which offers home energy solutions that allow households to store and efficiently use clean electricity.

The Ola Shakti lineup includes four models: 1.5 kWh, 3.0 kWh, 5.2 kWh, and 9.1 kWh, covering entry-level, mid-level, high-capacity, and premium power needs. Units start at ₹999 and can be preordered, with deliveries beginning on Makar Sankranti 2026.

These batteries are built using Ola’s in-house 4680 Bharat Cell technology and feature high efficiency, weatherproof long life, app-enabled intelligent controls, modular scalability, and the capability to power home appliances such as ACs, refrigerators, pumps, and induction cookers. This positions Ola Electric in India’s residential clean energy storage market, expanding its footprint beyond EV manufacturing.

Bhavish Aggarwal, Chairman and Managing Director, had mentioned earlier that the launch represents a “turning point toward energy independence,” as Ola uses its 4680 Bharat Cell technology, Gigafactory infrastructure, and countrywide retail chain to scale rapidly with incremental capex.

Share Price Update (as of 12:09 AM IST)

Shares of Ola Electric Mobility Ltd traded at ₹57, up 2.94% at 12:09 PM. The company’s market capitalisation stands at ₹23,840 crore. Over the past 52 weeks, the stock has fluctuated between ₹39.60 and ₹102.50.

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