Unlocking energy storage

Sheru, an energy storage start-up based in New Delhi, India, offers cloud storage solutions by aggregating idle battery capacity to create a virtual energy storage platform. Notably, Sheru is the world's first company to integrate V2G technology with battery swapping, synergizing two complementary systems. In an interview with BE's Saptarshi Deb, Ankit Mittal, the Co-Founder and CEO of Sheru, sheds light on the company's journey and its business model.

- Saptarshi Deb

The Indian renewable energy sector is experiencing rapid growth. Factors such as declining solar costs, capital market interest in funding the energy transition, and companies adopting greener supply chains have all contributed to this progress. In 2022, 92% of the new energy capacity added in India came from renewables.

Q What’s the story behind the name “Sheru”? 

A. From the outset, we aimed to work with Li-ion batteries, and “Sher” means lion in Hindi, symbolizing power. The “U” shape of batteries inspired the fusion of “Sher” and “U,” resulting in “Sheru.”

Q. Could you elaborate on your business model?

A. Our company specializes in software solutions for the e-mobility and energy sectors, comprising three software suites:

1. ScaleBat: This suite empowers battery manufacturers, EV fleet operators, financers, and stakeholders in the EV domain to monitor and optimize battery performance, extending asset life and maximizing returns.