Ola Electric unveils the company’s first residential battery energy storage system designed and manufactured in India called Ola Shakti.

Ola Electric has moved beyond the automotive space with the launch of Ola Shakti, its first residential Battery Energy Storage System (BESS). The new product marks a major shift for the company as it aims to make electricity a portable, on-demand resource for Indian homes, farms and businesses.

With its entry into the BESS segment, Ola expects its annual battery consumption for energy storage to scale up to 5 GWh over the next few years. The launch marks the first step in Ola’s long-term energy storage vision from residential applications to grid-scale solutions, all built on the company’s 4680 Bharat Cell technology platform and produced at its Ola Gigafactory.

“India doesn't face energy shortage; it faces an energy storage opportunity. With Ola Shakti, we are turning that opportunity into energy independence. We have built world-class battery and cell technology for electric mobility. Ola Shakti extends that innovation to homes, helping them store and use clean energy intelligently. Ola Shakti is a natural next step for us as we leverage our existing 4680 cell technology, Gigafactory production capabilities and nationwide Ola network as a ready sales and distribution backbone, ensuring rapid scale without any incremental investment,” said Managing Director Bhavish Aggarwal. 

Ola Shakti is India’s first fully indigenously designed, engineered and manufactured residential BESS built with advanced 4680 Bharat Cells and high-performance automotive battery packs. Its modular architecture allows flexible stacking and scalability, while a compact design supports quick home installation and easy servicing with accessible air filters.

The system offers automotive-grade safety, industry-leading efficiency of up to 98 percent and zero running or maintenance costs. Unlike traditional lead-acid inverters or diesel generators, Ola Shakti delivers instant 0-millisecond changeover, works across a 120V–290V input range to protect appliances from voltage fluctuations and features IP67-certified weather-proofing to withstand dust, water and monsoon conditions.

Powered by Ola’s in-house technology ecosystem, Shakti integrates intelligent energy management features that allow users to monitor battery performance and energy flow in real time. The system can learn consumption patterns to optimise usage, provide actionable insights to cut costs and enable features such as Time-of-Day (ToD) charge/discharge scheduling, smart back-up prioritisation, remote diagnostics, over-the-air software updates, modular expansion and online mode for continuous energy supply.The system can power air conditioners, refrigerators, induction cookers, farm pumps, and communication devices, with charging times as short as two hours and backup capacity of up to 1.5 hours at full load.

Ola Shakti will be introduced in four configurations at attractive introductory prices, catering to a wide range of household and small business needs. The entry-level model offering 1kW power with a 1.5kWh capacity is priced at INR 29,999, making it suitable for smaller homes or basic back-up requirements.

For users seeking higher capacity, Ola will offer a 1kW/3kWh version at INR 55,999, providing extended back-up and faster energy delivery. The mid-range 3kW/5.2kWh model, priced at INR 119,999, is designed for larger households and small commercial applications that demand sustained power for multiple appliances.

At the top end, the 6kW/9.1kWh configuration, priced at INR 159,999, offers robust performance capable of powering energy-intensive set-ups such as air conditioners, induction cookers, farm pumps and communication systems. Together, the four models position Ola Shakti as a versatile and scalable solution for India’s growing demand for reliable, clean home energy storage.

Ola Shakti will be available for purchase via the Ola Electric website and Ola stores nationwide with deliveries beginning on Makar Sankranti 2026. Reservations open today at INR 999, marking Ola’s first step toward making energy storage a mainstream consumer product in India.

Pune-headquartered electric vehicle and technology company EKA Mobility has recorded a fivefold year-on-year volume growth for FY2025–26. The company sold 1,143 units and produced 1,344 electric commercial vehicles during this period.

EKA Mobility operates as a Champion OEM under the Automotive Production Linked Incentive (PLI) Scheme. The company has expanded its manufacturing footprint with two operational facilities in Pune and a third plant in Pithampur, Madhya Pradesh, scheduled to commence operations shortly.

The company is setting up a planned annual production capacity of 10,000 buses, 6,000 trucks and 24,000 small commercial vehicles (SCVs). Its order book includes over 6,000 confirmed electric buses for delivery within the next two years.

Interestingly, FY2026 marked EKA Mobility’s entry into the medium and heavy commercial vehicle (M&HCV) truck segment. It’s e-buses are currently deployed across more than 15 states under national programmes including PM e-Bus Sewa and PM E-DRIVE. The SCV sales was driven by the demand for 3S and 6S passenger vehicles and 3-wheeler cargo platforms.

The EV maker also deployed a 9-metre hydrogen fuel cell bus at Cochin International Airport in collaboration with KPIT Technologies and BPCL, with 15 additional units planned.

EKA has also commenced e-bus deployments in Africa through a CKD (Completely Knocked Down) assembly agreement with the Kerchanshe Group. It has also signed an agreement with NBFI Capital to manufacture electric buses in Australia. Domestically, the company plans to add 120 dealerships in FY27 to its existing network across Tier 1, 2 and 3 cities.

Dr Sudhir Mehta, Founder & Chairman, EKA Mobility, stated, "FY 2025–26 is a defining year for EKA Mobility. We are not only scaling volumes but also expanding our manufacturing footprint by adding a new plant recently and increasing our planned annual capacity to 10,000 buses, 6,000 trucks and 24,000 SCVs. With the widest range of fully homologated, born-electric platforms – from last-mile to long-haul – we are uniquely positioned as a full-stack EV company. Our growth across electric buses, small commercial vehicles, and now trucks validates both market demand and our execution capability. India’s transition to clean commercial mobility is accelerating, and EKA is at the forefront – driving this shift at scale, with technology, innovation and global ambition."

Servotech Renewable Power Systems has announced the elevation of Vipin Kaushik to the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective 1 April 2026. The appointment follows recommendations from the Nomination and Remuneration Committee and the Audit Committee, with formal approval from the Board of Directors.

Kaushik is a Chartered Accountant and a member of the ICAI with over two decades of experience in corporate finance, strategy, taxation and compliance. He holds a Diploma in International Financial Reporting from ACCA, UK, and has previously served as the Financial Controller at Servotech. He has held leadership roles at ICICI Bank, Delhivery and V2 Retail.

In his new role, Kaushik will oversee financial operations, planning and risk management frameworks. His role is intended to support the company's expansion in the renewable energy and electric vehicle (EV) charging sectors.

He will be responsible for optimising investment strategies for global growth, improving financial disciplines across manufacturing units and strengthening compliance and stakeholder confidence.

Vipin Kaushik, said, “I am truly honoured and excited to take on the role of CFO at Servotech Renewable at such a defining moment in the Servotech’s next phase of growth. As the industry continues to evolve rapidly, my focus will be on optimising capital allocation, improving operational efficiencies, and building agile financial strategies that align with the company’s global expansion goals. I am eager to scale new opportunities and reinforce stakeholder confidence as we accelerate towards a cleaner and more sustainable energy future.”

Raman Bhatia, Managing Director, Servotech Renewable Power Systems, added, “We are pleased to elevate Vipin Kaushik to the role of CFO. His deep financial expertise, strategic mindset, and strong understanding of our business have been instrumental in strengthening Servotech’s financial foundation. As we scale our operations and expand our global footprint, his leadership will play a critical role in driving financial discipline, enhancing governance, and supporting sustainable, long-term growth.”

Komaki Electric Vehicles, an electric vehicle company, has inaugurated its second lithium battery manufacturing facility in Udyog Vihar, Gurgaon. The 40,000 sqft plant represents an investment of INR 300 million and is established as an integrated electric vehicle (EV) battery production unit in North India.

It has a monthly production capacity of 10,000 units, totalling 120,000 batteries annually. Komaki has transitioned its manufacturing focus exclusively to Lithium Iron Phosphate (LFP) and Lithium Manganese Iron Phosphate (LMFP) cell technologies. The LFP and LMFP chemistry it says offer better thermal stability and fire-resistant properties. Battery systems offer a life cycle of up to 2,500 cycles. The LFP cells are provided with a three-year warranty, while LMFP cells carry a five-year warranty.

The plant incorporates manufacturing processes intended to minimise material wastage and optimise resource utilisation, aligning with the company's sustainability objectives.

Gunjan Malhotra, Co-Founder, Komaki Electric Vehicles, said, “The inauguration of our second lithium battery plant marks a defining step in Komaki’s journey to build a self-reliant and future-ready EV ecosystem. By focusing on LFP and LMFP technologies, we are prioritizing safety, durability, and long-term value for our customers. This facility not only strengthens our manufacturing backbone but also reinforces our commitment to sustainable innovation and indigenous production at scale.”

Yulu, an Indian shared electric mobility platform, has announced that its vehicle fleet has completed a cumulative 2 billion kilometres of green travel.

The company claims it reached the first billion kilometres over six years, while the subsequent billion was achieved within the last 14 months.

The acceleration in mileage is attributed to demand from the hyperlocal delivery and quick-commerce sectors. Yulu operates a fleet of 45,000 electric vehicles (EVs) supported by the Yuma Energy ecosystem.

Interestingly, it has completed 400 million deliveries via partnerships with platforms such as Zomato, Swiggy, Big Basket, Blinkit, Flipkart Minutes, Instamart and Zepto.

The Yulu fleet supports over 500,000 gig workers, including more than 1,000 women riders. This has led to an estimated reduction of 54 million kilogrammes of urban CO2 emissions over seven years.

The platform also services on-demand household service providers including Urban Company, Pronto and Snabbit. According to company data, the use of these EVs allows gig workers to reduce operational costs by 30-40 percent compared to petrol-powered vehicles.

For FY2027, Yulu intends to double its fleet size. The growth strategy includes entering new municipal markets through both company-owned and partner-led launch models to maintain its position in the hyperlocal goods and people mobility segment.

Amit Gupta, CEO & Co-Founder, Yulu, said, “The 2-billion-kilometre milestone reflects not only Yulu’s market leadership, but also the deep impact we are creating across India’s urban mobility landscape. What started as a bold vision to build a sustainable and accessible solution has today become a critical enabler for millions of users and citizens. As we look ahead, Yulu reaffirms our commitment to helping people, businesses and cities to move better.”