Krishnagiri, Jan. 12 -- Ola Electric has rolled out the first unit of its new residential energy storage system, 'Shakti', from its Gigafactory in Krishnagiri, Tamil Nadu, marking a major milestone towards scaling up the indigenous 4680 Bharat Cell platform.

Shakti marks the company's entry into the country's residential BESS (Battery Energy Storage System) market and takes the company beyond the automotive domain. It represents a fundamental shift in how Indians will access, control, and consume energy, as a portable, on-demand resource designed for modern Indian households, farms, and businesses, the company said in an exchange filing.

Bhavish Aggarwal, Co-Founder and CEO of Ola, said the company's Cell business is ramping up with Ind...