Yotuh Energy Private Limited, an innovative cleantech startup specializing in electric refrigeration systems for mid-mile and last-mile cold chain logistics, has secured ₹1.53 crore in funding. The investment round, led by the Campus Angels Network, will significantly advance the company’s mission to transform cold chain logistics.
Founded by IIT Delhi alumni Vivek Mahindrakar, Shaivee Malik, and Dharmik Bapodara, Yotuh Energy was established in 2022 and is incubated at the IIT Madras Incubation Cell. The company is dedicated to developing electric refrigeration systems that eliminate fuel usage, lower operational costs, and promote greener industry practices.
The funding will be allocated towards enhancing product development, testing, and expanding the team. It aims to bolster Yotuh Energy’s proprietary adaptive control technology, which optimizes energy consumption and improves efficiency in cold chain logistics. This move addresses the industry’s demand for sustainable and cost-effective solutions.
Chandran Krishnan, Managing Director and CEO of Campus Angels Network, expressed confidence in Yotuh Energy’s potential to revolutionize cold chain logistics, noting that their systems promise increased efficiency, sustainability, and significant cost savings for the industry.
The startup has received notable support from various government and private entities, including grants and awards from the Ministry of Agriculture, Department of Science and Technology (DST), Ministry of Electronics and Information Technology (MeitY), Acumen, the Australian Council for International Research (ACIR), the IIT Madras Incubation Cell, and Daimler India Commercial Vehicles.
Vinod Dasari, former Managing Director of Ashok Leyland and ex-CEO of Royal Enfield, and advisor to Yotuh Energy, praised the company’s focus on sustainability and efficiency. He expressed excitement about the potential impact of their solutions on the industry.
