Shibulal oversees his family office, Innovations Investment Management. Lightning Logistics is an innovative, technology-driven brand with a solution-centric approach. Shreyas Shibulal is the Founder Director of Micelio Mobility Private Limited. https://yourstory.com/2020/04/shreyas-shibulal-electric-vehicles-india-micelio Then there is a people dynamics of data, for eg: when has a driver checked in, where is he presently, how much cash is the driver carrying, which bike should a rider use, etc. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. Consumers are looking for knowledge/information on EVs more than actual financing (yes, it's the logical next step...but we haven't reached that tipping point yet). In January 2019, Shreyas Shibulal, son of Infosys co-founder SD Shibulal, set up Bengaluru-based investment fund ‘Micelio’ for investing in electric vehicles. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. With Micelio, the idea is to create and build an ecosystem that can nurture existing talent in the EV space, along with ecosystem players. The latest disclosure under SEBI Prohibition of Insider Trading regulations was made by Srinivas Poosarla in Infosys Ltd. where Disposal of 400 Equity Shares done at an average price of Rs. At Lightning Logistics, we will be using data to make the delivery process more efficient – from an internal efficiency perspective, as well as an external client-facing efficiency perspective. Shibulal's son Shreyas sold 40 lakh shares, 'representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July … 25 Jul, 2020, 12.51 PM IST Narayana Murthy and five others, founded Infosys in 1981. Shibulal served as the Infosys Chief Executive Officer and Managing Director from 2011-2014. Shreyas Shibulal believes in taking “calculated risks”. Shreyas Shibulal, son of Infosys co-founder S.D. We’ve hired drivers – called ‘Driver Captains’ – and trained them to use e-bikes without any hassles. Shibulal's son Shreyas sold 40 lakh shares, 'representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020', an exchange filing by the company showed. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. To begin with, it’s because of the economics – lower costs and easier operations. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020”, as per exchange filing. Insider Trading & SAST disclosures for Infosys Ltd. We are utilising data from two perspectives – machine elements of data giving information like battery temperature, speed, voltage, and ampere. Daughter Shruti Shibulal is with the hospitality industry, while son Shreyas is pursuing engineering from a US university * WEALTH: Rs 4,331 crore as on December 31, 2013. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. Shibulal, has drawn up plans to expand the fleet capacity of Lightning Logistics, a pure play electric vehicle last-mile delivery firm, over the next t Different stakeholders are in different stages of maturity. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. While son Shreyas Shibulal owned 1.80 crore shares or 0.66 per cent equity stake and daughter Shruti Shibulal had 27.37 lakh shares or 0.06 per … Rising costs of fossil fuels significantly increase the cost of operations with a fossil fuel-driven fleet, whereas the more you use an EV fleet, the more you save, thereby reducing dependence on crude oil. SS: There are several factors that give EVs an upper hand, especially in the last-mile delivery space. We bring the Lastest happening of Indian IT Industry and exclusive stories that matter for Software Engineers and IT Professionals. In the coming financial year, we are also looking to grow our Lightning Logistics fleet, experiment with different categories of vehicles and establish a diversified client portfolio. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Discover More..

Infosys Co-founder and former Infosys CEO, SD Shibulal and his family, sold 85 lakh of their equity shares in the IT company Infosys Technologies worth over ₹770 crore. Therefore, Lightning Logistics was started as a ‘one-stop solution for India’s logistical needs’, contributing to its economic growth, job creation and building an efficient system of logistical transport. Electric vehicles had captured Shreyas’ imagination in his college days, and he even built a car as part of an academic project. EVs are a necessity, especially due to rising crude oil prices, believes Shreyas, and Micelio is his vehicle to achieve this in India. Shreyas Shibulal, Founder of Micelio – an electric vehicle-focussed fund, and son of Infosys Co-founder SD Shibulal, speaks about the fund’s investment plans. SS: As a brand, we’re committed to solving India’s last-mile logistics connectivity issues. One of his hobbies is dismantling and reassembling electronic devices to figure out how they work, and likes listening to Carnatic classical music. SS: We wanted to get a deeper understanding of the industry needs within the current EV ecosystem, especially in the last-mile delivery space. Yahoo is part of Verizon Media. Shibulal met his wife Kumari, during his university days in SD College. Bengaluru: Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings.. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 percent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020”, an exchange filing by the company showed. The idea was to build things that can have a long-term social impact, and this reflects in Micelio’s culture as well. Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", an exchange filing by the company showed. You can change your choices at any time by visiting Your Privacy Controls. SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery. In the same vein, Shreyas recently launched Lightning Logistics, an electric vehicle-related B2B delivery firm that provides customers intelligent, data-driven logistical solutions. This places an unprecedented economic burden on India and its ability to improve its growth prospects. S.D. SD Shibulal's family sells 0.20% stake in Infosys for Rs 786 crore. This scenario is even more appealing in an environment where fossil fuel prices are rising and battery technology advancements are driving EV costs lower. Our service, backed by technology, training and our data ensures reliable, along with on-time delivery. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. Shreyas Shibulal (SS): Micelio was founded with the vision to be an enabler of innovations in clean energy, and to create a sustainable shared mobility ecosystem with a strong EV focus. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added. While the battery may cost more when you first buy it, over the course of three years (let’s say), it’ll cost you less in electricity costs to charge the vehicle than it would to run the same number of kilometres on petrol or diesel. He has been featured on various channels regarding the … Banks are looking to better understand EVs compared to Internal combustion Engines (ICE). According to the shareholding pattern of the promoter and promoter group on BSE, SD Sibulal held 17.65 lakh shares or 0.4 per cent stake in Infosys … SS: Our country faces an unsolved challenge in the logistics sector, especially when it comes to effective movement of goods across the country. Details of family members and their value of shares traded It’s a simple capex versus opex comparison. He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added. A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. In India, productivity gain is massive as EVs can help overcome several inefficiencies in last-mile delivery, especially savings on fuel and asset costs. Narayana Murthy and five others, founded Infosys in 1981. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. Using smart data and intelligence analytics, we’re able to deliver service that is cleaner, faster, and reliable. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020”, as per exchange filing. Moreover, EVs are far less complex and help provide transparency to organisations in terms of reducing hidden costs by using smart tracking features, such as battery optimisation, finding efficient routes, etc, resulting in long term profitability. SS: From the fund perspective, we will continue to look at fostering different parts of the EV ecosystem by investing in a diverse group of startups developing EV technologies. 1161.0 was reported to the exchange on Dec. 18, 2020. Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 percent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", as per an exchange filing. Take the very name of our company, for example, ‘Micelio’ is a part of the organism that feeds an ecosystem while growing itself. Shibulal, along with wife Kumari, daughter Shruti and son Shreyas, holds nearly 2.2% of Infosys shares, which has a market capitalisation of around $30 billion. They’re contemplating how EV loans make sense, the residual value of EVs, if EVs are a sum of parts, what’s the best way to finance them, etc, Startups obviously move the fastest to form some clusters (it's a question of survival) - but their challenge is still to compete/retain identity, Academic Institutes do take a long-term view and many of them (IIT Madras, for example) have incubated good EV startups. It will also offset the initial cost of the battery. Gaurav Manchanda held 85,73,973 equity shares or 0.39 percent stake in Infosys as of June 2018. It is probably India’s first seed fund with a vision to enable innovation in clean energy, and create a sustainable mobility ecosystem. This is something, this second-generation entrepreneur confesses that he has learnt from his father S D Shibulal, co-founder, former chief executive officer and managing director of IT services major Infosys. Shibulal (Shibu) along with N.R. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. Shibulal's son Shreyas sold 4 million shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", as per exchange filing. He served as the Chief Executive Officer and Managing Director of Infosys from 2011 – 2014. How Shreyas Shibulal plans to disrupt EV space. S.D. Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", an exchange filing by the company showed. He stepped down from the post of CEO and MD on 31 July 2014 and was succeeded by the first non-founder CEO of Infosys Dr. Vishal Sikka. Shibulal. He previously held 0.66 percent shares in Infosys and post the transaction, his … Shreyas Shibulal, son of Infosys Co-founder SD Shibulal, has started Micelio, a fund dedicated towards investing in electric vehicles. 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This is where the idea of an intelligent EV fleet that would run pilots to understand last-mile connectivity, germinated, and eventually took shape in the form of Lightning Logistics. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020”, as per exchange filing. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. In a Financial Times interview in 2012, it was cited that his favourite city is New York. This included shares held by his wife Kumari Shibulal, his son-in-law Gaurav Manchanda, how son Shreyas Shibulal and shares that were gifted to his grandson, Milan Shibulal Manchanda. He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added. 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