Indian deeptech startup Tan90 raises Rs 20 crore to scale climate-first cooling solutions

Tan90 Thermal Solutions exemplifies how Chennai’s tech ecosystem is building tomorrow’s sustainable infrastructure today!

What is the news?

Tan90 Thermal Solutions, a Chennai-based deeptech startup, has raised Rs 20 crore in Series A funding led by NABVENTURES, with participation from Blue Ashva Capital, Capital-A, and 3i Partners.
The startup specializes in sustainable thermal energy management using proprietary Phase Change Materials (PCMs) and Cooling-as-a-Service (CaaS) models for industries including logistics, healthcare, food, agriculture, and manufacturing.
With this funding, they plan to develop new product lines for cold chains, HVACs, and data centers while expanding to Southeast Asia, Middle East, and Africa.

Why is it interesting?

70%+ CAGR over three years, operating near breakeven with zero customer churn across 8 Indian cities, now targeting 10 additional cities with focus on Tier-2 markets.
Their CaaS platform enables businesses to adopt climate-resilient cooling without major capital outlay, addressing the massive cold chain infrastructure gap in emerging markets.
Positioning India as a center for innovative thermal management while creating globally relevant cooling ecosystems that can scale across similar climate conditions in Asia, Middle East, and Africa.