Tan90

Tan90

Offers smart cold storage containers

Founded

2019

Headquarters

Chennai (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

+91 - 9566107420

Tan90 Thermal Solutions is a Chennai-based deep-tech company specializing in advanced, energy-efficient thermal management and cold chain solutions. Tan90 has rapidly emerged as a leader in sustainable cooling technology for logistics, food, pharmaceuticals and industrial applications. The company is headquartered in Chennai, Tamil Nadu, with a growing presence across India and Southeast Asia.

Products & Services 

  • Phase Change Materials (PCMs): Advanced cooling packs for temperature control across –50°C to +80°C.

  • Insulated Boxes & Cold Bags: Portable cold storage solutions for food, pharma and logistics.

  • Cooling as a Service (CaaS): Subscription-based cooling solutions with PCM panel swaps, reducing upfront costs.

  • Custom Thermal Solutions: Tailored cooling systems for industrial, data center and space applications.

  • Training & Support: Implementation, maintenance and technical support for clients.

Business Model & Revenue Streams

  • Direct Product Sales: Sells proprietary PCMs, ice gel packs, insulated boxes, cold bags and portable cold storage units for food, pharma, diagnostics and logistics clients.

  • Cooling as a Service (CaaS): Offers cooling solutions on lease, enabling businesses to access cold chain infrastructure without capital investment. Customers pay recurring fees for PCM panel swaps and cooling services, similar to a battery-swapping model.

  • Custom Thermal Solutions: Designs and delivers tailored cooling systems for industrial, data center and space cooling applications, generating project-based revenue.

  • Export & International Projects: Revenue from overseas markets, especially Southeast Asia, via partnerships and direct sales.

  • Training & Support Services: Provides training, maintenance and support for clients adopting Tan90’s technology.

Customer Segmentation 

  • Food and beverage logistics companies

  • Pharma and healthcare distributors

  • Agriculture and fisheries exporters

  • Quick commerce and e-grocery platforms

  • SMEs needing affordable cold chain

  • Industrial and data center clients

Growth Strategy

  • Geographic Expansion: Scaling CaaS and product sales to 10+ new Indian cities and Southeast Asia; exploring entry into EU markets.

  • Product Innovation: Investing in R&D for space cooling, data center cooling and new PCM formulations.

  • Sustainability Leadership: Positioning as a climate-resilient alternative to ice/dry ice, supporting clients’ ESG goals.

  • Strategic Partnerships: Collaborating with logistics companies, government agencies and international development bodies (e.g., USAID in the Philippines).

Key People

Rajnikant Rai

Shiv Sharma

Soumalya Mukherjee

Key Metrics

Total Equity Funding

$6.94 Million

No. of Funding Rounds

6

Latest Funding Round

$2.3Million, Series A

as of May 20, 2025

Post Money Valuation

$16.6 Million

as of May 6, 2025

Funding Multiple

2.39x

as of May 6, 2025

Investors

Blue Ashva Capital

and 7 more

Employee Count

31

Similar Companies

GoBOLT

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
May 20, 2025Series A$2.3Million--- NABVENTURES, Blue Ashva Capital, Capital A, 3i Partners
February 18, 2025Seed$2.3 Million$16.6 Million-- Blue Ashva Capital, Impact Investment Partners, Capital A, NABARD
April 28, 2023Seed$1.4 Million$11.7 Million$1.1 Million- Blue Ashva Capital, Capital A, Impact Investment Partners, 3i Partners
April 12, 2022Seed$791.0 K$2.2 Million$373.0 K- Blue Ashva Capital, Social Alpha, Impact Investment Partners, IIMA Ventures, 3i Partners
September 10, 2020Seed$123.0 K$876.0 K$43.6 K-Social Alpha, IIMA Ventures, CIIE

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