2019
Chennai (India)
Series A
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.
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.
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.
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
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).
$6.94 Million
6
$2.3Million, Series A
as of May 20, 2025
$16.6 Million
as of May 6, 2025
2.39x
as of May 6, 2025
Blue Ashva Capital
and 7 more31
GoBOLT
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
May 20, 2025 | Series A | $2.3Million | - | - | - | NABVENTURES, Blue Ashva Capital, Capital A, 3i Partners |
February 18, 2025 | Seed | $2.3 Million | $16.6 Million | - | - | Blue Ashva Capital, Impact Investment Partners, Capital A, NABARD |
April 28, 2023 | Seed | $1.4 Million | $11.7 Million | $1.1 Million | - | Blue Ashva Capital, Capital A, Impact Investment Partners, 3i Partners |
April 12, 2022 | Seed | $791.0 K | $2.2 Million | $373.0 K | - | Blue Ashva Capital, Social Alpha, Impact Investment Partners, IIMA Ventures, 3i Partners |
September 10, 2020 | Seed | $123.0 K | $876.0 K | $43.6 K | - | Social Alpha, IIMA Ventures, CIIE |