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.

— Filed Fri, 22 May, 2026, 05:37 IST · Source Mint · Updated

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 choice. Company plans LFP transition next quarter to enable faster ramp-up of the BESS product.

Why this matters

Adds to Ola Electric's Q4 troubles after 57% revenue collapse to ₹265 cr and bearish broker calls from Emkay with Rs 25 target, deepening execution concerns despite first cash-positive quarter.

Retail-company signals steady at 876 in 90 days, with Ola Electric dominating negative flow.

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