TL;DR
Ola Electric's shares rose after announcing its entry into the energy storage market with 'Ola Shakti', signaling a strategic expansion beyond EVs.
Ola Electric's shares surged by 5% to hit the upper circuit on October 16, 2025, following the announcement of its foray into the energy storage market with a new initiative dubbed 'Ola Shakti'. This strategic move signifies Ola Electric's ambition to expand beyond electric two-wheelers and establish itself as a comprehensive player in India's green energy ecosystem.
While specific details about 'Ola Shakti' are still emerging, it is anticipated to focus on residential or commercial energy storage solutions, leveraging Ola's expertise in battery technology and electric mobility. This diversification could position Ola Electric as a key contributor to India's renewable energy infrastructure and energy independence goals.