Ola Electric Unveils Three New Energy Storage Products

by · Inc42

SUMMARY

  • The new product lineup includes the second generation of Ola Shakti, industry-focused Shakti Rack and Mahashakti that will cater to utility-scale energy storage requirements
  • The new offerings are expected to create alternate streams of revenue for Ola Electric, increase the utilisation of its Gigafactory and reduce dependence on the fledgling EV business
  • Powered by its in-house 4680 Bharat lithium-ion cell, Ola Electric has initially priced the 3 kW variant for ₹99,000 and the 6 kW at nearly ₹1.75 Lakhs