When was Sheru founded?

Sheru was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is Sheru located?

Sheru is headquartered in Delhi, India. It is registered at 201, LSC Plot No. 6, Aggarwal Plaza, CU- Block, Pitampura, Saraswati Vihar, North West Delhi, Delhi, Delhi, India, 110034.

Who is the current CEO of Sheru?

Ankit Mittal of Sheru. They have also founded 2 companies and are angel investors in 6 startups, including Ingro Energy.

Which legal entities is Sheru associated with?

Sheru is associated with SEYGNUX SOLUTIONS PRIVATE LIMITED.

How many employees does Sheru have?

As of Mar 31, 2025, Sheru has 3 employees, reflecting a 75% year-over-year decline in headcount.

Is Sheru a funded company?

Sheru is a funded company, having raised a total of $2.54M across 15 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 13, 2019.

How much is Sheru worth?

The latest valuation of Sheru is $***** as of May 01, 2025.

When was the latest funding round of Sheru?

Sheru's latest funding was a $***** Seed round on May 01, 2025, with participation from 1 investor. Its primary sector is Energy Storage Tech. In India, the Energy Storage Tech sector has seen $343M in funding in 2026 to date.

What is the annual revenue of Sheru?

Annual revenue of Sheru is less than ₹10 Cr as on Mar 31, 2025

Where does Sheru rank among its competitors?

Sheru ranks 94th amongst 721 active competitors, of which 60 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Voltfang, which secured $15.1M in Jun, 2026.

Who are the top competitors of Sheru?

Sheru's top competitors include A123 Systems, Amperehour Solar Technology and GridCARE. Among them, Voltfang secured the most recent funding round in June, 2026.

Sheru - 2026 Company Profile, Team, Funding, Competitors & Financials

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

Seed, May 01, 2025, $*****

Post Money Valuation

$***** as on May 01, 2025

Investors

AdvantEdge & 87 more

Ranked

94^th among 721 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

3 as on Mar 31, 2025

Similar Companies

Amperehour Solar Technology & 109 more

View Sheru's full profile

Sheru is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
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)

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 01, 2025	7572271	Seed	8481291	1298808	8009171	7654446
Feb 02, 2024	1659043	Seed	1242891	2260681	9555979	8579266
Dec 15, 2023	7941447	Seed	1017762	3417094	Micelio	5901589

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View details of Sheru's funding rounds and investors

The founders of Sheru are Ankit Mittal and Nakul Mehan. Ankit Mittal is the CEO of Sheru.

Here 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
trkpgrc	Team	-	Past	4y 7m
pejcmdi	Team	-	Past	4y 1m
tvyglrj	Team	-	Past	1y 4m
Ridhish Talwar	Independent board member	-	Current	7y 7m
qxhdxvp	Independent board member	-	Past	3y 2m
dlzsgdk	Independent board member	-	Past	1y 2m

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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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:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, Qualcomm Ventures & 19 others	76/100
2nd	Amperehour Solar Technology 2017, Pune (India), Series A	Provider of energy storage systems and energy management platform solutions	$7.45M	VHGB, Wellfound & 23 others	68/100
3rd	GridCARE 2024, Redwood City (United States), Series A	Provider of AI data center power solutions leveraging existing grid infrastructure	$77.5M	Temasek, Sutter Hill Ventures & 20 others	64/100
4th	Polarium 2015, Stockholm (Sweden), Series D	Manufacturer of lithium ion battery energy storage and management systems	$274M	Alecta, Vargas Holding & 7 others	62/100
5th	Flower 2020, Stockholm (Sweden), Series A	Provider of energy storage solutions	$109M	Northzone, 82an Invest & 6 others	62/100
6th	KORE Power 2018, Idaho Falls (United States), Acquired	Developer of battery cells, energy storage systems, and e-mobility solutions	$75.1M	Siemens, ADS Ventures & 7 others	61/100
7th	Field Energy 2020, London (United Kingdom), Series D	Developer of battery storage systems for renewable energy grid infrastructure	$295M	DIF, Giant Ventures & 5 others	60/100
8th	REPLUS Engitech 2018, Pune (India), Funding Raised	Provider of lithium-ion battery and energy storage solutions	-	Bharat Investment Growth	58/100
9th	PUR Energy 2018, Hyderabad (India), Series A	Manufacturer of lithium batteries solar inverters and electric two wheelers	$20.9M	Bennett, Coleman, Time Cap Pharma Labs & 33 others	57/100
10th	Voltfang 2020, Aachen (Germany), Series B	Provider of energy storage systems and energy management solutions for businesses	$31.8M	FORWARD.one, PT1 Ventures & 33 others	57/100
94th	Sheru 2019, Delhi (India), Seed	Provider of cloud-based energy storage solutions	$2.54M	Aeroflex Enterprises, LetsVenture & 86 others	32/100

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Founders own 28.10%, Funds (largest shareholder) own 38.18%, Enterprises own 1.05% and Angels own 12.55%. The net worth of Sheru's founders is INR 31.1Cr as of May 01, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	28.10%	31.1Cr	1158603	7866740	8265632	9227009
Ankit Mittal	9720038	4016015	6426744	3312350	9913146	4006732
Fund	38.18%	42.2Cr	3183323	9034400	5400706	5719287
AdvantEdge	6320772	5369333	5733869	6524989	8887778	1923369
Micelio	17457	43304	26298	40319	55055	89520
Z Nation Lab	94	86	68	67	65	55
SiriusOne	0	0	0	0	0	0
Enterprise	1.05%	1.16Cr	2	2	1	3
Angel	12.55%	13.9Cr	6608364	9509349	8874136	8108810
Alexander Hogeveen Rutter	0	0	0	0	0	0
Other People	14.39%	15.9Cr	1957143	9956157	4084638	7422595
ESOP Pool	5.73%	6.34Cr	67496	24300	91012	44724
Total	100.00%	111Cr	6388333	9394251	2462561	1192368