Shikhar sharma - Latest News Update, Information, Photos & Videos on Shikhar sharma at Lokmat Times

has invested in Sheru - a startup working in electric mobility energy space, from its recently launched Rs 400 million EV s-focused angel investing fund.Climate Angels Fund is focused on investing in startups that are tackling the problem of pollution/climate change and has a dedicated pool for investing in electric mobility startups.Sheru is developing a technology platform to deliver pay-per-use energy products through a battery-swapping network. Founded by BITS Pilani graduates - Ankit Mittal, Shikhar Sharma, and Nakul Mehan - the pre-Series A round saw participation from Venture Catalysts, Micelio, AdvantEdge Founders & Turbostart Accelerator.Sumeet Singh, Partner, Climate Angels Fund said, "Sheru fits perfectly into our thesis for India-first electric mobility innovations. We strongly believe that new technologies targeting Indian markets will succeed more than copy-pasting emerging trends from US or EU market. Sheru enables our projection of a $12 billion energy-as-a-service annual market in India."The founding team at Sheru has a deep understanding of the electric rickshaw segment that gives them access to 2 million ready customers; while 4W & 2W electric mobility evolves in India. These 2 million users have been adversely impacted by COVID-19 induced lockdowns & Sheru's pay-per-use model enables economic relief for last-mile mobility service providers.Globally, it has been observed that there is a direct correlation between EV adoption & charging infrastructure. For example, in EU market EV sales increased by 63% in 2020 & the number of charging points increased by 43% in the same period. Similar trends can be seen in US, China, UK & South Korean markets. A similar positive correlation of adoption trends were observed for Nio& Gogoro's battery swapping models.which started in Sept 2020, has earlier invested in Beco, a sustainable D2C brand targeting home and kitchen segment. Climate Angles Fund is looking to invest in 15-20 electric mobility startups from its Electric mobility pool in India in next 3 years. Climate Angles Fund is backed by leading VCs, entrepreneurs, and corporate professionals who are passionate about Climate Change and see it as biggest investment opportunity in this decade in view of emerging climate change issues.This story is provided by BusinessWire India.will not be responsible in any way for the content of this article. (ANI/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Shikhar SharmaFOLLOW

Shikhar sharma, Latest News

National :Delhi HC Judge recuses self from hearing ED plea challenging bail granted to Ambience Group Promoter

New Delhi [India], May 3 : Justice Dinesh Kumar Sharma of the Delhi High Court on Wednesday recused himself ... ...

Business :Delhi court grants bail to Ambience Group promoter in money laundering case

New Delhi [India], April 12 : The Patiala House Court on Wednesday granted bail to businessman Raj Singh Gehlot, ... ...

Business :Climate Angels' EV-focused fund makes investment in Sheru

Climate Angels has invested in Sheru - a startup working in electric mobility energy space, from its recently launched Rs 400 million EV s-focused angel investing fund. ...