neutral
1h agoOla bets on home-battery business amid weak EV demand and investor pullback
Ola Electric plans to launch home battery-storage units under Ola Shakti to pivot from shrinking EV sales and a steep 53% drop in share price this year. The company is seeking ₹1,500 crore in fresh funding, but reported falling sales volume and negative operating cash flow. The new battery packs target the residential backup-power market priced around ₹1.2–1.25 lakh per unit.
Companies:
- Ola Electric
Tags:
- Ola Electric
- home battery
Explore:High Return Equity Mutual Fund
neutral
1h agoOla bets on home-battery business amid weak EV demand and investor pullback
Ola Electric plans to launch home battery-storage units under Ola Shakti to pivot from shrinking EV sales and a steep 53% drop in share price this year. The company is seeking ₹1,500 crore in fresh funding, but reported falling sales volume and negative operating cash flow. The new battery packs target the residential backup-power market priced around ₹1.2–1.25 lakh per unit.
Companies:
- Ola Electric
Tags:
- Ola Electric
- home battery
Explore:High Return Equity Mutual Fund
1 min read
61 words
Ola Electric aims to revive growth with home-battery units as EV demand weakens and shares decline over 50%.
Ola Electric plans to launch home battery-storage units under Ola Shakti to pivot from shrinking EV sales and a steep 53% drop in share price this year. The company is seeking ₹1,500 crore in fresh funding, but reported falling sales volume and negative operating cash flow. The new battery packs target the residential backup-power market priced around ₹1.2–1.25 lakh per unit.
Ola Electric plans to launch home battery-storage units under Ola Shakti to pivot from shrinking EV sales and a steep 53% drop in share price this year. The company is seeking ₹1,500 crore in fresh funding, but reported falling sales volume and negative operating cash flow. The new battery packs target the residential backup-power market priced around ₹1.2–1.25 lakh per unit.
Companies:
- Ola Electric
Tags:
- Ola Electric
- home battery
- Ola Electric
- home battery
- startup pivot
- India EV
Nov 26, 2025 • 14:05