# Ola Electric unveils Shakti portfolio to enter energy storage market 2026-08-15T16:59:19+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Ola Electric has expanded beyond scooters into energy storage, unveiling a three-tier Shakti portfolio. The Economic Times reports the range spans homes, commercial facilities and grid-scale applications, from 4.6 kWh residential systems to a 6.26 MWh containerised unit, built around its indigenous Lithium Iron Phosphate (LFP) cell technology. Inc42 adds the residential Shakti Gen 2 is priced at Rs 99,000 for the 3 kW variant and about Rs 1.75 lakh for the 6 kW, with deliveries starting November 2026. The new line-up includes Shakti Rack for businesses and Mahashakti for utility-scale storage, with commercial products expected by March 2027. Inc42 notes the company sees this as a way to boost revenue and Gigafactory utilisation, as its EV market share fell to 8.4% in Q1 FY27. The Economic Times says Ola has pitched the portfolio as part of its push for India's "energy independence," a phrase founder Bhavish Aggarwal used earlier. Financially, Ola Electric reported Q1 FY27 revenue of Rs 455 crore, down 45% year-on-year, while net loss narrowed to Rs 336 crore, per Inc42. The Economic Times cites a Rs 2,000 crore parent-company investment approved in May for its EV and battery subsidiaries. The company says Shakti has generated over 50,000 customer leads. ## Coverage - economictimes.indiatimes.com - inc42.com This story was synthesised by AI from the 2 sources linked above. Updated: this story now draws on 2 sources. Last updated 2026-09-27T06:16:41+00:00. Tags: Bhavish Aggarwal, Ola Cell Technologies, Ola Electric Canonical: https://indianopinion.org/ola-electric-unveils-shakti-energy-storage-for-homes-businesses-grid/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ola-electric-unveils-shakti-energy-storage-for-homes-businesses-grid/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/