Sheru - About the company
Sheru is a seed company based in Delhi (India), founded in 2019 by Ankit Mittal and Nakul Mehan. It operates as a Provider of cloud-based energy storage solutions. Sheru has raised $2.54M in funding from investors like AdvantEdge, Z Nation Lab and Micelio, with a current valuation of $*****. The company has 721 active competitors, including 60 funded and 38 that have exited. Its top competitors include companies like A123 Systems, Amperehour Solar Technology and GridCARE.
Company Details
Provider of cloud-based energy storage solutions. It offers a SaaS platform that aggregates idle batteries from EVs, swapping stations, and solar backups to deliver distributed energy storage and arbitrage services. It includes features such as virtual energy storage, vehicle-to-grid integration, and energy trading optimization. it also provides battery management software, interoperability tools for fleet operators, and cloud-native analytics.
- Website
- sheru.se
- Social
- Email ID
- *****@sheru.se
- Phone Number
- +91 **********
- Registered Address
- 201, LSC Plot No. 6, Aggarwal Plaza, CU- Block, Pitampura, Saraswati Vihar, North West Delhi, Delhi, Delhi, India, 110034
Key Metrics
Founded Year
2019
Location
Delhi, India
Stage
Seed
Total Funding
$2.54M in 15 rounds
Latest Funding Round
Post Money Valuation
$***** as on May 01, 2025
Investors
Ranked
94th among 721 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
3 as on Mar 31, 2025
Similar Companies
Legal entities associated with Sheru
Sheru is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
SEYGNUX SOLUTIONS PRIVATE LIMITED CIN: U74140DL2014PTC263786 , India, Active | Jan 20, 2014 | 0 - ₹10 Cr (As on Mar 31, 2025) | 3 (As on Mar 31, 2025) |
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Sheru's funding and investors
Sheru has raised a total funding of $2.54M over 15 rounds. Its first funding round was on Feb 13, 2019. Its latest funding round was a Seed round on May 01, 2025 for $*****. 1 investor participated in its latest round. Sheru has 35 institutional investors and 53 angel investors.
Here is the list of recent funding rounds of Sheru:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 01, 2025 | 4337558 | Seed | 9495768 | 7007400 | 1437481 | 4606320 |
Feb 02, 2024 | 5065111 | Seed | 9720909 | 3592751 | 7264145 | 3634188 |
Dec 15, 2023 | 4305482 | Seed | 7277229 | 1567016 | 8096342 |
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Sheru's founders and board of directors
Founder? Claim ProfileHere are the details of Sheru's key team members:
- Ankit Mittal: Co-Founder & CEO of Sheru and founder of 1 other company. They are also an angel investor in 6 startups and serve on the boards of 2 companies.Contact Info: 1 email address and 1 phone number
- Nakul Mehan: Co-Founder and Chief Technology Officer of Sheru.
Sheru's Board of Directors
Sheru's board has 4 active members. Ankit Mittal, Shikhar Sharma and Nakul Mehan are part of team and Ridhish Talwar is independent board member.Here is the list of Sheru's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
tldxiyu | Team | - | Past | 1y 6m |
acgjezb | Team | - | Past | 3y 9m |
{bp{izv | Team | - | Past | 2y 7m |
Independent board member | - | Current | 7y 7m | |
renkons | Independent board member | - | Past | 9y 6m |
rqihrbu | Independent board member | - | Past | 1y 5m |
View details of Sheru's Founder profiles and Board Members
Sheru's employee count trend
Sheru has 3 employees as of Mar 25. The total employee count is 75.0% lower than what it was in Mar 24. Here is Sheru's employee count trend over the years:
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Sheru's Competitors and alternates
Top competitors of Sheru include A123 Systems, Amperehour Solar Technology and GridCARE. Here is the list of Top 10 competitors of Sheru, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | _1591002989634.png?devicePixelRatio=2&height=30&width=30){kind=logo} A123 Systems 2001, Hangzhou (China), Public | Manufacturer of automotive lithium-ion batteries | $201M | 76/100 | |
2nd |  Amperehour Solar Technology 2017, Pune (India), Series A | Provider of energy storage systems and energy management platform solutions | $7.45M | 68/100 | |
3rd |  GridCARE 2024, Redwood City (United States), Series A | Provider of AI data center power solutions leveraging existing grid infrastructure | $77.5M | 64/100 | |
4th | Manufacturer of lithium ion battery energy storage and management systems | $274M | 62/100 | ||
5th | Provider of energy storage solutions | $109M | 62/100 | ||
6th | _1568701265592.png?devicePixelRatio=2&height=30&width=30){kind=logo} KORE Power 2018, Idaho Falls (United States), Acquired | Developer of battery cells, energy storage systems, and e-mobility solutions | $75.1M | 61/100 | |
7th |  Field Energy 2020, London (United Kingdom), Series D | Developer of battery storage systems for renewable energy grid infrastructure | $295M | 60/100 | |
8th |  REPLUS Engitech 2018, Pune (India), Funding Raised | Provider of lithium-ion battery and energy storage solutions | - | 58/100 | |
9th | PUR Energy 2018, Hyderabad (India), Series A | Manufacturer of lithium batteries solar inverters and electric two wheelers | $20.9M | 57/100 | |
10th | Provider of energy storage systems and energy management solutions for businesses | $31.8M | 57/100 | ||
94th | Provider of cloud-based energy storage solutions | $2.54M | 32/100 |
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Sheru's Investments and acquisitions
Sheru has made no investments or acquisitions yet.
Reports related to Sheru
Here is the latest report on Sheru's sector:
News related to Sheru
•
Sheru Announces Home Charging and Power Backup Device for Electric 2-wheeler OEMsNews Experts•Aug 01, 2023•Sheru
•
zingbus and Sheru Join Hands in a Strategic Partnership to Scale Intercity e-MobilityIndianWeb2•Jun 07, 2023•Zingbus, Sheru
•
BSES Rajdhani and Sheru collaborate to launch India's first vehicle -to-grid StationMint•May 24, 2023•BSES Delhi, Sheru
•
VC Firm AdvantEdge To Take Bet On Mobility Solution Startups With Its $100 Mn FundInc42•May 08, 2023•AdvantEdge, Rapido, Chalo, Zingbus and 1 other
•
Grassroots Energy, Sheru, and Simulanis Solutions announced as winners of KPMG in India's ENRich 2022 startup search awardsBusinessFortNight•Nov 29, 2022•KPMG, Grassroots Energy, Sheru, Simulanis
•
E-mobility startup Sheru raises Pre-Series A from Venture Catalysts and MicelioDataquest•Sep 15, 2021•Sheru, Venture Catalysts, AdvantEdge, Micelio and 2 others
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