Emerging Innovators - Sanvaru Technology

Brief Journey of Sanvaru Technology:

Sanvaru Technology was founded in 2013 by Mr A. K. Shukla with a vision to power the clean energy industry with positively ingenious energy storage solutions. It is committed to designing and deploying a safe, scalable, sustainable, and efficient system. Under the leadership of Mr Shukla, the company has grown from scratch to become one of the leading manufacturers of high end lithium ion batteries. It serves the power storage need of sectors like telecom, railways, defence as well as for consumer products.  

Founder:

Mr. A. K. Shukla is one of the oldest hands in lithium ion battery industry in India. He had completed his graduation in B.E. Electronics and having more than two decades of experience in the electronics industry. Since 2007, he has been into lithium ion battery manufacturing.

A.K. Shukla says “Energy storage serves as a central catalyst for modernizing and creating a more reliable and resilient, efficient, sustainable, and affordable energy/grid in the domain of stationary storage, urban mobility and modern infra.”

Growth Journey

The growth journey of Sanvaru over the years has been very exciting, positive and full of passion for growth both in terms of revenue and wealth. The company has experienced 2X revenue growth YOY and achieved wealth in terms of employment generation and bridging the gap of gender inequality (by the name of programme equate the gap). Trust we are the first company who firmly believes in strengthening the bottom of pyramid.

Investment Targets

Sanvaru is targeting 3-digit revenue of more than Rs 100 crore by next financial year and 2X growth in the subsequent year followed by 4X growth in the next subsequent year. The company’s approach is to invest in new & innovative technology in manufacturing and also focused to provide equal opportunity to minimize the gender inequality gap. It has also set a target to become carbon neutral and equitable company by 2027. Sanvaru also aimed “to become an Investor in people and equal opportunity employer” by 2021.

Products and Segments

Sanvaru - a pioneer in design of customized Lithium Ion Batteries for the stationary, decentralized & off-grid solar systems ranging from defense services, telecom & railways and different ESS projects. It is having a 360-degree business model that fulfills the whole value chain of the business with circular economy and that is in line with the sustainable development goals (SDG). 

Currently, the company has been supporting both the segments of LIB i.e. Stationary and Mobility. Under Stationary, it manufactures, design and supply container based storage solution, offgrid and decentralized solutions, Mini and Micro grid- Integration of Renewable energy Technologies and Solar Based Integrated Solutions like SSL, SHLS, Integrated Solar Security System, Batteries for Ventilators and Farmers. Recently, the company has added a ‘Laser Wielding’ machine with an aim to strengthen its manufacturing capability and empower its human capital to the next level.

Nowadays, the company is working on many new and emerging Battery Storage Systems with an aim to develop large integrated solutions in the stationary segment with best in quality, warranty management systems and after sales services with least TOT.

• The next level of engagement would be in the field of Battery Cell Research and Production Centre.
• To establish cell development plant for battery industry through ‘technical collaboration’ with some of the reputed institutions such as NREL- US, IIT’s and other battery innovation institutes.
• To become the part of the industry consortium contributing in setting up and operations of the plant.

Sanvaru Battery Pack Supports Full Lifecycle of Battery Design

As global electricity generation from renewable resources is expected to quadruple by 2040. Thus, in this energy transition age, the stationary energy storage will hold a key position amongst other options for flexible and quality power generation, as they help to offset fluctuations in the energy production, thereby, ensuring a constant supply of electricity. Sanvaru targeted the below segments under Energy Storage Systems (ESS):

• Private Households and Companies: Increased use of ESS will help in offsetting diesel, and lowering cost for the last mile connectivity upto 30 per cent.
• Micro/Island Grid: In those regions of India, where the quality of the grid is not high enough, and there is always a risk of blackouts, the ESS usage will help. Although, in many cases diesel generators were used as backup system for power generation, but use of stationary batteries, especially in combination with renewable energies, will represent a more economical and environment-friendly alternative.
• Energy Supply Companies: Experience flexibility and quality of power when bundling with ESS. In case of wind and solar energy generation, which also depends on weather conditions, the resulting fluctuations can be leveled by using stationary storage systems.

The target customers would be both from the station and urban mobility segment of energy Storage ranging from Scooters to big vehicles.

Market Scope

The company provides customized energy storage solutions in Lithium-Ion/ Lifepo4 batteries for use in applications such as - Solar LED street lights, GPS/VTS systems, Biometrics, Medical equipment and also for Electric Vehicles / Energy Storage System with high energy density / high cycle life.

Sanvaru’s solutions cater to the demands of utility-scale, residential, commercial and industrial, and micro grid applications. It’s Stack hardware also features a modular architecture and streamlined installation process allowing efficient scaling from MWhs to GWh scale.

Expertise:

• Complete in-house Engineering & Procurement capability to design, manufacture, procure, install, operate & maintain turn-key ESS Plants on Grid Connected / DRE and off-grid basis.
• State-of-the-art DRE/Off-Grid and Grid Connected ESS Solutions. It’s expertise lies in designing complete cycle from technical design to supply and installation, and significantly, service & maintenance.

• Provide bankable Energy Storage Solutions on the concept “24 X7 Power for All” under Net Zero Model.
• Hands-On System Design Process & Engineering.
• Corporate Social Responsibility activities in and around the Project Site. It is providing Skill Development to the youth and especially to females through various engagement programs. In line with this, it has designed a programme called ‘People for Planet and Equate the Gender’. 

The clientele list of Sanvaru is exhaustive from Government, Semi & Municipal Corporation, Business Houses, NGO’s and Public Enterprises with larger pie of repeat customers associated since inception. The product line is mainly in the stationary business of energy storage systems and solutions.

On the start-up ecosystem challenges and solutions, A.K. Shukla says, “the most important challenge is to create a healthy environment for the businesses by way of deriving a perfect competitive prices, need to improve and rigorously working on the QMS, warranty management services and After Sales Services. Also, one chapter as per the Indian context is to educate business houses and people at large to adopt ESS and contribute to the world in achieving the clean and green business.”

With the Strong base in business model and finance, the company is well positioned in the current business environment to serve the nation and the international customers. Also, the company likes to engage itself on the following areas:

• As it believes in continuous innovation, it likes to penetrate and upscale through alliances for lithium cells technology
• To work on zero carbon cities

• Green Mobility – with an aim to have the larger Pie
• Circular economy – to contribute towards SDG7
• Hydrogen fuel cells technology - already working with some R&D institutes, unarmed vehicles and HFC.
• People engagement or Change or Engaging Change makers
• A carbon neutral and equitable company by the year 2027

The market for Lithium-ion batteries (LIB) is projected to grow at a CAGR of 35 per cent with an increase from 2.9 GWh in 2018 to 132 GWh in just over a decade. The National Electric Mobility Mission Plan 2020, enhancement in renewable power generation capacity as well as the recent SOPs to the EV sector sets up the industry for aggressive growth even with shaved off projections on account of the pandemic.

The current share of LIB used in the EV sector is around 35 per cent, with telecom, power sector, localized storage applications, consumer electronics, data centers and others making up the rest. The share of the battery market for the EV sector is expected to grow from 35 per cent to about 80 per cent by 2030 based on projected growth in EV sales at 71 per cent CAGR.

In A.K. Shukla views “India has ramped up its appetite for clean energy by announcing ambitious targets such as 455 GW of renewable energy capacity addition by 2030, 30 per cent EVs sales by 2030 and 50 GW of lithium-ion battery manufacturing in India by 2040.”

“We feel and have confidence that with the data mentioned above for the globe and in line with India, we would like to sharpen our sword for the next level of business and with new innovations. We want to have a larger pie in the segment of EV, Data centers, integration of renewable energy technologies for smart power generation & transmission, Large Storage LIB Systems and would like to place our self in the top ten of the ESS and RET companies under all verticals of RE And EC.”

- Manu Tayal, Associate Editor, Energetica India