Ola Shakti home inverter posts ₹4 cr vs ₹100 cr guidance; chemistry switch planned

Ola Electric's home BESS arm Ola Shakti missed Q4 revenue guidance by 96%, delivering ₹4 crore against ₹100 crore target. Experts blame NMC chemistry choice over cheaper LFP. Company plans LFP transition in Q1 FY27 to unlock 50,000 customer leads, with 2.5 GWh operational capacity already in place.

— Source publishedFri, 22 May, 2026, 05:30 IST·First seen Fri, 22 May, 2026, 05:35 IST·Source Mint

What happened

Ola Electric's home inverter business Ola Shakti missed Q4 revenue guidance significantly (₹4 cr vs ₹100 cr), with experts blaming its NMC battery chemistry

Key facts

  • ₹100 crore guidance
  • ₹4 crore actual revenue
  • 2.5 GWh operational capacity
  • 6 GWh installation
  • 50,000 customer leads
  • ₹1.5-2.5 lakh price
  • 10-25% LFP cost advantage

Why this matters

2.5 GWh idle BESS capacity and a forced chemistry retool make Ola Shakti a potential carve-out or partnership target for LFP-native cell suppliers seeking India BESS distribution.

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