Srikant Akula Founder & Managing Partner

As a Managing Partner of Akula Energy Ventures ( , Mr. Akula brings deep finance, operational and project development experience from his work in the energy sector. As Vice President of Business Development at Spectrum Coal & Power Limited in India, Mr. Akula secured financing for company expansion, as well as arranging the final entity sale to private equity investor, Warburg Pincus, in 2008. Since this sale, Mr. Akula founded Akula Energy Ventures with a determination to re-focus his energy efforts on the growing renewables space and has successfully invested in and developed Akula Energy Ventures’ deals and projects in the biogas, solar and battery energy storage sectors. Most recently, Akula Energy Ventures developed and sold two 20 MW battery energy storage projects in the state of New Jersey that provide ancillary services to the power grid. Prior to joining Akula Energy Ventures, Mr. Akula was at General Electric Energy Financial Services, where he was part of a team that underwrote energy deals across the capital structure spectrum, including senior debt, preferred equity, and limited partnership equity. Prior to GE, Mr. Akula worked at Accenture and designed strategies and innovative solutions to complex technical and business challenges faced by Fortune-500 companies. Mr. Akula holds a B.S. in Finance from the NYU Stern School of Undergraduate Business.

Dr. AV Mohan Rao Principal (and Founder & Managing Director of Spectrum Renewable Energy Limited)

As a Principal of Akula Energy Ventures, Dr. Rao brings industry expertise arising from over 30 years of experience in the international energy sector. In 1972, he joined GE Power Systems, a division of the General Electric Corporation and a leading global manufacturer of power equipment. During his 18 year career with General Electric, he was involved with various aspects of power generation, including engineering, design and the operation of power plants. In 1990, he joined Spectrum Technologies USA (STUSA) as the Vice President of Marketing and shortly thereafter led STUSA’s initiatives in India. Dr. Rao was responsible for developing Spectrum Power Generation Limited, a 208 MW gas based power plant in India. In 1995, he led the predecessor company of Spectrum Coal & Power Limited in obtaining equity, implementing US clean coal technology, securing partial funding from USAID, and negotiating an EPC and O&M contract. Dr. Rao holds a Ph.D. in mechanical engineering from Rensselaer Polytechnic Institute.

Suma Reddy Managing Partner

As a Managing Partner of Akula Energy Ventures, Ms. Reddy brings strong operational experience in emerging markets. Prior to joining Akula Energy Ventures, Ms. Reddy was a Manager at SKS Microfinance Pvt. Ltd. in Hyderabad, India, the fastest growing microfinance institution in the world, having provided over $950 million in loans to 4.5 million women clients. At SKS Microfinance, Ms. Reddy led the development and launch of the Ultra Poor Program, an initiative that targets populations too poor to qualify for traditional microfinance. In addition, Ms. Reddy headed the Communications team where she created the marketing and public relations program, and managed relationships with media outlets such as the Wall Street Journal and CNN. Previously, Ms. Reddy worked in Mali as a United States Peace Corps Volunteer, where she analyzed community needs in a small village to fill gaps in business skills, youth development, computer skills training and HIV/AIDS education. Ms. Reddy has a B.A. in Economics from the University of Rochester, and an M.B.A. from the Wharton School at the University of Pennsylvania.