Ola Electrical on Friday mentioned that it has determined to put off 5% of workforce as a part of restructuring effort, in response to a Reuters report.
The corporate mentioned it’s “doubling down” on velocity and self-discipline by ramping up automation throughout its front-end operations, noting that it’s making a “leaner organisation” designed to assist long-term, worthwhile progress.
In the meantime, gross sales at Ola Electrical, which has but to submit a revenue, declined via a lot of fiscal 2026, as rivals resembling Ather Vitality and established gamers, together with TVS Motor and Bajaj Auto moved forward.
The final spherical of job cuts on the SoftBank-backed agency came about in March 2025.
Ola Electrical will get new CFO
Ola Electrical Mobility Ltd named Deepak Rastogi as its new Chief Monetary Officer following the resignation of Harish Abichandani, the corporate mentioned in a regulatory submitting, reported PTI. The board accredited Rastogi’s appointment at its assembly on January 19, 2025, and he assumed the function of CFO, together with duties as a key managerial and senior administration personnel, efficient January 20, 2026.
The corporate added that the board additionally took word of Abichandani’s resignation from the CFO place, which was efficient on the shut of January 19, 2026. In his resignation letter, Abichandani mentioned he was stepping down citing private causes.
Ola Electrical receives certification and licence from BIS for Shakti
Ola Electrical mentioned on January 16 that it has obtained certification and a licence from the Bureau of Indian Requirements (BIS) for Ola Shakti, which runs on a 6kW/9.1 kWh battery pack powered by its 4680 Bharat Cell. Ola Shakti is the nation’s first residential Battery Vitality Storage System (BESS) to be designed, engineered and manufactured in India.
The Bengaluru-based firm mentioned the certification course of concerned in depth electrical and mechanical security testing, together with checks for short-circuit and overload safety, hearth and thermal security measures, and safeguards in opposition to electrical shock. The system was additionally subjected to environmental stress checks, sonic strain hazard evaluations, mechanical hazard assessments, and different required checks according to BIS norms.
“With the BIS certification of Shakti 9.1kWh, we’re able to ship our first residential BESS items. This is a crucial step in our journey as we reimagine how India will retailer and eat vitality,” an organization spokesperson mentioned, as per PTI.
The spokesperson added that Ola Shakti brings dependable, inexpensive and good vitality storage options to properties, farms and companies throughout the nation. “Greater than a product, it’s a cornerstone of India’s journey towards vitality self-reliance and a future pushed by clear, decentralised, and on-demand energy,” the spokesperson added.
The corporate acknowledged Ola Shakti provides automotive-grade security, excessive effectivity, and nil operating and upkeep prices.