New Delhi, Oct. 16 -- Ola launched its first non-vehicle product today at 10:00 AM. With this new product the company, best known for its electric scooters, enters a new chapter into the energy storage space segment.

Chairman and Managing Director of Ola Electric, Bhavish Aggarwal, on October 16 unveiled the product named "Shakti". An in-house product, it claims to be intelligent, portable and app-based energy.

The vertically integrated energy storage solution aims to revolutionise personal energy consumption, Bhavish Aggarwal said during its launch. With minimal maintenance and no running cost, "it is a single product for power backup, solar storage, for voltage stabilisation and for localised portability."

He added, "Ola Electric wil...