New Delhi, Oct. 16 -- Electric two-wheeler maker Ola Electric Mobility extended its rally for the second consecutive session on Thursday, October 16, surging 5% to Rs.55.20 apiece, following the company's entry into the Battery Energy Storage System (BESS) segment.

In an exchange filing today, the company announced the launch of its first residential Battery Energy Storage System (BESS), Ola Shakti, designed for homes and capable of powering air conditioners, refrigerators, induction cookers, farm pumps, and communication equipment.

This launch marks the company's strategic move beyond the automotive domain.

Powered by Ola's indigenous 4680 Bharat cells, the company said Ola Shakti is India's first residential BESS which is fully desig...