Thermal Management Startup Tan90 Raises Rs 5 Cr In Pre-series A Funding
Tan90, a startup providing innovative thermal management solutions to businesses, has raised Rs 5 crore in pre-Series A funding round led by Blue Ashva Capital.
3i Partners and angel investors Shalini Chhabra and Venkat Nekkanti also participated in the funding round.
The startup plans to use the raised funds to expand its reach in India and South-East Asia. It also plans to optimize supply chains for present clients pan-India, increase product offerings and invest in R&D of products aimed at sustainable and green approaches for thermal management across industries.
Tan90 | Energy-efficient Thermal Solutions For Businesses
Co-founded by Saumalya Mukherjee, Shiv Sharma and Rajani Kant Rai, Tan90 helps companies transport perishables in a cost-effective, monitored, and safe manner.
The thermal management solutions provider has been catering to food industries, pharmaceutical, and diagnostics industries. Additionally, Tan90 aims to reach out to thermal management of batteries, industrial cooling, and space cooling as well in the future.
Speaking about the development, Soumalya Mukherjee, Co-founder of Tan90, said,
“Post the lockdown due to Covid19, the importance of cold chain has had been underlined with the supply chain of all perishables. Businesses are focussing on entering Tier-II cities but are often impaired by the lack of cost-effective cold chain infrastructure. This further establishes our offerings of cost-effective and energy-efficient cold chain solutions. With our offerings, we provide businesses the flexibility to use any logistics service to transport perishables, which is essential for expanding to Tier-II cities.”
In the recently concluded COP26, Tan90 solutions were showcased, demonstrating the potential for 1.5 degrees centigrade compatibility and the capability to reduce 6.6 MtCO2 emissions per year by 2030.
Besides focussing on reducing the carbon footprint of the cold chain system, the startup will be working on industrial cooling and space cooling as well in the next few months.
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