IIT-Madras-incubated Yotuh Energy , a clean tech startup raised ₹1.53 crore in a funding round led by Campus Angels Network.
The company help in up specialising in electrifying vehicle refrigeration systems for mid-mile and last-mile cold chain logistics.
It was founded in 2022 by IIT Delhi alumni Vivek Mahindrakar, Shaivee Malik, and Dharmik Bapodara, and has received grants and awards from the Ministry of Agriculture, DST, MeitY, Acumen, ACIR (US Embassy to India), IIT Madras Incubation Cell, and Daimler India Commercial Vehicles.
Yotuh Energy’s electric active refrigeration system, powered by a Lithium-Ion battery, operates independently of the vehicle’s main engine and makes use of a proprietary adaptive control technology. This helps in intra-city perishable transportation by enabling Small Commercial Vehicles and Commercial EVs for cold chain logistics
The new funding will be used in product development, testing, operations, and team expansion. Further , it will be used to enhance their proprietary adaptive control technology, eliminate fuel usage, reduce operational expenses.
“Our goal is to make cold chain logistics more accessible, affordable, and sustainable, steering us towards a future driven by innovation and advanced technologies in refrigeration systems,” stated by Dharmik Bapodara, co-founder of the company.
visit: gamicaltech.com yotuh energy