zingbus and Sheru Join Hands in a Strategic Partnership to Scale Intercity e-Mobility

India's largest branded intercity bus service provider, zingbus, and Sheru, a leading provider of innovative battery management and energy storage solutions, have joined forces in a ground-breaking partnership aimed at scaling e-mobility for intercity commutes.

Nakul Mehan, CTO of Sheru (L) and Prashant Kumar, CEO of Zingbus (R) at the signing of the MoU

Under this strategic partnership, zingbus plans to add 2200 electric buses and 4000 electric cars to its fleet over the next 5 years. zingbus will utilize ScaleBat, Sheru's cutting-edge battery management solution to ensure efficient battery management. ScaleBat offers advanced features for optimizing battery performance, reducing operational costs, and extending battery life, thereby enabling zingbus to maximize the potential of their electric vehicles.

In addition, zingbus will leverage Sheru's NetBat platform to monetize idle time by connecting electric vehicles to Sheru's energy storage network. The cumulative battery capacity of zingbus's electric fleet is estimated to be around 1 GWh. By utilizing NetBat, zingbus can offer energy storage services during periods of low vehicle utilization, unlocking new revenue streams and contributing to efficient management of energy infrastructure.

This partnership upholds zingbus' commitment to sustainability and reducing carbon emissions. By scaling its electric fleet, zingbus aims to offset half a million tons of carbon emissions annually, which is equivalent to planting more than 22,000 trees.

"We are thrilled to partner with Sheru to accelerate our transition to sustainable intercity transportation," said Prashant Kumar, co-founder & CEO of zingbus. "With their expertise in battery management and energy storage solutions, we are confident that we can drive innovation together and create a greener future for the transportation industry."

"We are excited to collaborate with zingbus in their ambitious electrification journey," said Nakul Mehan, CTO of Sheru. "Highways form 60% of emissions from transportation in India. zingbus has immense potential to lead sustainability for highways, being the most trusted brand in intercity commuting.”

About zingbus:

Founded in 2019, zingbus is the largest tech-based intercity bus service provider in India with an established network of 350+ buses catering to over 500 cities. Having served more than 3 Million customers, zingbus serves 18 states spread across Northern, Western & Southern regions of India. Garnering a strong foothold in the intercity travel domain, the company believes that the right to affordable & dignified travel is fundamental to human existence & development. zingbus is the future of Indian intercity travel dedicated to serving and ensuring a safe, reliable, affordable, and sustainable travel option for mankind.

About Sheru:

Sheru is a leading provider of innovative battery management and energy storage solutions. Their cutting-edge products and services cater to battery manufacturers, financiers, resellers, and distribution companies. Sheru's expertise in battery management, energy storage, and sustainable mobility is driving the transition towards a cleaner and more efficient future.

Coming Up India's 1st Vehicle-to-Grid Station As BSES Rajdhani Partners Energy Software Co. Sheru

BSES Rajdhani Power Limited (BRPL) has announced a partnership with energy software company Sheru to develop the country’s first vehicle-to-grid station. India’s decarbonisation efforts need innovative solutions, and ones such as this that help both the mobility and energy sectors go green are essential. The partnership would also help in easing pressure on power demand and in strengthening the power grid.

Sheru’s proprietary bidirectional battery-swapping station would provide swappable batteries for electric 2 wheelers, 3 wheelers, and rickshaws and help power their mobility. The same station would also support BRPL’s power requirement during periods of peak power need. The collaboration leverages the strengths of the parties and provides benefits to all sides.

“Sheru supplies cutting-edge solutions for the power sector. In the relationship with BSES, we are helping secure round-the-clock power from renewable energy sources. Standalone battery storage involves large CAPEX. Sheru’s novel solution is to use the idle battery space of EVs. This solves the CAPEX problem for BSES while providing income to EV and battery owners. Given the rate of growth of renewables in the country, our solution has received a warm welcome from power distribution companies. We are excited about the potential of this partnership with BRPL.” said Mr Shikhar Sharma, COO of Sheru.

"Utilizing the battery capacity of swapping stations as a distributed energy resource installed across the distribution area to support the grid during peak times and maximize charging of batteries through the integration of renewable energy or during off peak power periods will build a sustainable model for EV charging. We are happy to collaborate with Sheru and hope to extract valuable insights in supporting our grid ancillary functions,” added a BRPL representative.

About Sheru:

Sheru, an energy storage company based out of New Delhi (India). The company provides cloud storage solutions by aggregating idle battery capacity to create a virtual energy storage platform. Sheru is also the first company in the world to integrate V2G technology with battery swapping, bringing together two complementary systems and gaining synergies through it. Sheru was started by Ankit Mittal, Shikhar Sharma and Nakul Mehan, graduates of India’s premier engineering school of BITS Pilani. Having helped build robotics solutions in India’s first deep tech unicorn, GreyOrange, they later took the entrepreneurship plunge themselves. With a passion for sustainability and recognising an opportunity in India’s energy sector, they started Sheru in 2019.