Tan90 Thermal Solutions, a start-up redefining thermal Energy management, has raised INR 20 crores in a Series A funding round led by NABVENTURES. The funds will be used to develop new product lines for cold chains, HVACs, and data centres, and to expand Tan90’s presence in Southeast Asia, the Middle East, and Africa.
The company’s proprietary suite of Phase Change Materials (PCMs) is designed to deliver 2x turnaround time for clients and a longer cycle life than existing and accessible alternatives Tan90’s PCMs are particularly suited for sectors such as food and pharma cold chains, HVAC systems, EV thermal management, solar cooling, heat.
Exchangers, and data centre cooling. The company has grown its revenues at a CAGR of over 70% over the past three years and is operating close to breakeven Tan90 Thermal Solutions, a Chennai-based deep-tech startup specializing in sustainable thermal energy management, has secured ₹20 crore (approximately.
Strategic Expansion and Product Development
The newly acquired funds will be utilized to develop new product lines tailored for cold chains, HVAC systems, and data centers. Additionally, Tan90 plans to expand its presence to 10 more Indian cities, focusing on Tier-II cities, and establish a footprint in Southeast Asia, the Middle East, and Africa $2.35 million) in a Series A funding round. The round was led by NABVENTURES, with participation from Blue.
Innovative Cooling Solutions
Founded in 2019 by IIT alumni Somalia Mukherjee, Rajinikanth Rai, and Shiv Sharma, Tan90 offers a range of climate-resilient, energy-efficient thermal Asha Capital, Capital-A, and 3i Partners management products. At the core of its offerings are proprietary Phase Change Materials (PCMs), developed in-house and covering temperatures from –50°C to +80°C. These PCMs enable passive cooling by storing.
Cooling-as-a-Service (CaaS)
Tan90’s Cooling-as-a-Service (Camas) platform is active in eight Indian cities, providing capital-light, scalable, and sustainable cooling solutions to clients in quick commerce, food logistics, and healthcare sectors. The company reports zero Latent heat, offering longer cycle lives and double the turnaround time compared to existing alternatives customer churn and aims to expand this service to additional.
Financial Performance and Market Impact
Operating near breakeven, Tan90 has achieved a revenue of ₹12.8 crore in the Latent heat, offering longer cycle lives and double the turnaround time compared to existing alternatives. financial year ending March 31, 2024, with a net loss of ₹6.6 crore. The company has experienced a Compound Annual Growth Rate (CAGR) over.
Tan90’s innovative approach to thermal energy management positions it as a key player in the global effort to reduce carbon emissions associated with cooling, which accounts for nearly 10% of global CO₂ emissions according to the International Energy Agency 70% in the past three years With this funding, Tan90 aims accelerate.
Its mission to provide sustainable, scalable, and accessible cooling solutions, 70% in the past three year positioning India as a center for 70% in the past three years Tan90 Thermal Solutions, a Chennai-based deep-tech startup specializing in sustainable thermal energy management, has secured ₹20 crore (approximately.
Tan90’s Cooling-as-a-Service (CaaS) platform is currently active in eight Indian cities, providing scalable and sustainable cooling solutions to clients in quick commerce, food logistics, and healthcare sectors. The company reports zero customer churn and plans to expand this service to 10 additional cities, focusing on.
The newly acquired funds will be utilized to develop new product lines tailored for cold chains, HVAC systems, and data centers. Additionally, Tan90 aims to establish a footprint in Southeast Asia, the Middle East, and Africa. Co-founder Somalia Mukherjee stated, “Cooling infrastructure must be on-demand, scalable sustainable.
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