Ola Electric share price jumps 5%, extends rally for second straight session; here’s why
Electric two-wheeler maker Ola Electric Mobility extended its rally for the second consecutive session on Thursday, October 16, surging 5% to ₹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.
