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Deeya Energy, a U.S.-based firm into energy storage systems, has appointed former chief executive officer and executive director of Adani Power on its board.
Previously, Ravi Sharma had held various positions such as the CEO (South Asia) for European telecom giant Alcatel-Lucent, and Videocon Telecom, part of the Videocon Group.
Sharma has held leadership roles at BT (formerly British Telecom) and India’s UB Group, and has served on the board of several public and private companies.
“Ravi brings deep industry experience to the company’s key growth areas. His diverse expertise and strong track record across South Asia, the Middle East and Africa at both start-ups and multinational companies will help us achieve the next level of success,” said J. Kelly Truman, Global President and CEO of Deeya Energy Inc.
“Deeya Energy offers a break-through and innovative technology that is set to revolutionise the stationary energy storage market, estimated to be worth $500 billion globally. India’s energy needs are rising by leaps and bounds and the country needs such break-through technologies to bridge the demand supply gap. Deeya’s green technology will help India reduce its fuel subsidy bill and cut operational expenses for industry which uses expensive diesel as a fuel,” Sharma said.
The company is backed by venture capital firms such as Technology Partners, NEA, BlueRun Ventures, DFJ and Element Partners.
rajesh.kurup@thehindu.co.in
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