Ola Electric Mobility Limited on Monday launched its first Residential Battery Energy Storage System (BESS) from its Gigafactory in Krishnagiri, Tamil Nadu. This system has been named Ola Shakti.
According to the Bhavish Aggarwal-owned company, this move is in the direction of wider adoption of its indigenous 4680 Bharat Cell platform. This expands Ola Electric’s presence beyond the automobile sector to energy storage. Booking for Ola Shakti has started at ₹999 on the company’s website.
Focus on energy storage from auto sector
Ola Electric said that the launch of Ola Shakti reflects the company’s new strategy. In this, it does not want to be limited to just electric vehicles, but also wants to strengthen its hold in emerging sectors like energy storage. The company claims that Ola Shakti is India’s first residential BESS, which has been completely designed, engineered and manufactured in the country.
This system is designed for homes, farms and small businesses. It has been introduced as a portable, ready-to-use energy storage solution.
Option of inverter and diesel generator
According to Ola Electric, Ola Shakti has been designed to be a reliable alternative to traditional lead-acid inverters and diesel generators. It has been provided with automotive-grade safety features. The system has an instant changeover of zero milliseconds, that is, the backup starts without any delay as soon as the power goes out.
It operates on an input voltage range of 200V to 240V. It has IP67 rated, spill-proof batteries, which are capable of withstanding conditions like dust, water and monsoon. Ola Electric claims that the running and maintenance cost of this system is zero.
Digital Features and Real-Time Monitoring
Ola Shakti is based on the company’s core technology platform. It has been provided with such digital features with the help of which users can monitor the battery status and energy flow in real-time. The system understands user usage patterns and provides insights to increase energy efficiency as well as reduce costs.
Ola Shakti will be available in four configurations
Ola Shakti is offered in four different configurations – 1kW/1.5kWh, 1kW/3kWh, 3kW/5.2kWh and 6kW/9.1kWh. Depending on the configuration, it can run appliances like air conditioner, refrigerator, induction cooker, farm pump and communication equipment.
According to the company, in some variants the charging time can be up to two hours. This system is capable of providing a backup of about 1.5 hours at full load.
Status of Ola Electric shares
Shares of Ola Electric Mobility Limited closed marginally lower by 0.03% at ₹39.49 on Monday. Ola shares showed huge fluctuations in intraday. It made an intraday low of $37.90, a decline of about 4% from Friday’s closing. However, later it jumped by about 7% and reached Rs 40.55.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.