New Delhi: As it seeks to go beyond captive demand for its electric scooters, Ola Electric Ltd. is in negotiations with a number of local and international automakers to sell lithium-ion cells and battery packs from its Krishnagiri gigafactory, according to people familiar with the situation.
With 6 GWh of installed capacity, the Bengaluru-based business presently runs the only gigafactory in operation in India. The company is the only business after Tesla Inc. to commercially deploy its 4680-format Bharat Cell at scale through its wholly-owned subsidiary, Ola Cell Technologies.

The conversations take place as Ola speeds up the growth of its cell production business. According to the people, installed capacity is anticipated to increase to 12 GWh by July 2027 and 20 GWh by the end of FY28.
Approximately 6.5 GWh, or one-third, of the 20 GWh capacity is set aside for third-party sales to automakers' original equipment manufacturers (OEMs). Before making long-term business commitments, potential clients are presently assessing Ola's manufacturing operations, the sources continued.
If the agreements are finalised, Ola's battery company would undergo a strategic change that would position it as a provider to India's larger market for energy storage and electric vehicles.

on February 2026, the business informed investors that the majority of the investment cycle was finished and that it had invested approximately Rs 5,300 crore on manufacturing, battery technology, cells, and research and development.
Ola is getting ready for demand outside of its internal car industry, according to the most recent development plans. The business had stated that after a few years, the annual cell demand from its Ola Shakti home energy storage system, which was introduced in October 2025 with deliveries starting in January 2026, might reach 5 GWh.One of the individuals stated, "The cell business should not be seen only as a cost-reduction lever for Ola's vehicles." "India need a large-scale supply of locally produced batteries.

Ola may become significant for the larger EV and energy storage industry if it can develop a competitive platform."
Ola's outreach coincides with India's Production Linked Incentive (PLI) program for Advanced Chemistry Cells making sluggish progress. According to a January 2026 assessment by JMK Research and the Institute for Energy Economics and Financial Analysis, as of October 2025, just 1.4 GWh, or 2.8% of the intended 50 GWh capacity, has been commissioned within the allotted period. Ola Electric was credited with all of the commissioned capacity. India still imports nearly all of its battery cells.