Thursday, 27 November, 2025
Ola Electric Pivots to Home Battery Storage Amidst EV Funding Struggle
Facing plummeting sales and failed fundraising attempts, Ola Electric founder Bhavish Aggarwal is banking on the "Shakti" home battery storage system for a company turnaround. Despite its initial lead, the electric scooter maker is losing market share. The new lithium-ion product, priced for homes and small businesses, is the company’s crucial bet to revive its financial performance.
Read full story at Economic Times