Tan90 raises capital of 5 Cr in its pre-Series A funding round
- ByStartupStory | May 4, 2022
Tan90 which provides innovative thermal management solutions to businesses aims to expand its reach in India and South East Asia, with this latest round of funding where it received 5 Cr investments which were led by Blue Ashva Capital. Tan90 founded in 2019, by a group of Ph.D scholars Shiv Sharma, Dr. Soumalya Mukherjee and Rajnikant Rai, which grew out of an idea for a challenge.
Tan90 also has objectives to optimize its supply chains for its clients, increase its products and invest in R&D of products which mostly aim at sustainable and green approaches for thermal management across industries. As heard from the cofounder of Tan90, they are also focusing on providing business flexibility to use any logistics services to transport perishables goods.
With Tan90’s major aim of reducing the carbon footprint of the cold chain system, they would also be working on industrial cooling and space cooling in the next few months. Tan90 has been catering to a wide number of industries with its propriety cooling technologies such as food industries, pharmaceutical, and diagnostics and is still aiming to reach out to thermal management of batteries, etc.
What is even more interesting to know is that Tan90’s solutions were shown in the recently concluded COP26, which actually demonstrated the potential for 1.5 degrees centigrade compatibility and the capability to reduce MtCo2 emissions by 2030. Not only this, Tan90’s solutions have been recognized by major governmental bodies such as the United Nations Industrial Development Organization (UNIDO), Department of Science and Technology, Government of India, etc.
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