Ola Electric shares rally 15% after unveiling energy storage unit ‘Ola Shakti’

Ola Electric’s stock surged 15% over three sessions after launching ‘Ola Shakti’, its new energy storage business. The division will focus on advanced lithium battery systems for mobility and grid applications. Analysts view the move as a diversification step to capture India’s growing clean energy storage market, positioning Ola as a potential key player beyond electric scooters.