Yotuh Energy has raised Rs 1.53 crore in funding, with the investment being led by the Campus Angels Network

Chennai (Tamil Nadu), August 20: Yotuh Energy Private Limited, an innovative clean tech startup that focuses on electrifying vehicle refrigeration systems for mid-mile and last-mile cold chain logistics, and is incubated at IIT Madras Incubation Cell, has successfully secured Rs 1.53 Crore in funding, led by Campus Angels Network.

Founded in 2022 by IIT Delhi alumni Vivek Mahindrakar, Shaivee Malik, and Dharmik Bapodara, Yotuh Energy originated from their involvement in a formula racing team, with the aim of developing sustainable technologies in India. The company has received grants and awards from various organizations, including 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 incorporates proprietary adaptive control technology. This innovation is paving the way for a new market in intra-city perishable transportation by enabling Small Commercial Vehicles and Commercial EVs to participate in cold chain logistics.

Leadership Insights

Dharmik Bapodara, Co-Founder of Yotuh Energy, stated, "This funding will greatly boost our product development, testing, and operations. Our aim is to make cold chain logistics more accessible, affordable, and sustainable, guiding us towards a future shaped by innovation and advanced technologies in refrigeration systems."

Chandran Krishnan, Managing Director & CEO of Campus Angels Network, commented, "Yotuh Energy's innovative approach aligns seamlessly with our investment philosophy. We believe their electric refrigeration systems will revolutionize cold chain logistics by enhancing efficiency and sustainability, while also offering significant cost savings to the industry."

Vinod Dasari, former Managing Director of Ashok Leyland, ex-CEO of Royal Enfield, and Advisor to Yotuh Energy, remarked, "Yotuh Energy's groundbreaking electric refrigeration technology marks a significant advancement in cold chain logistics. Their commitment to sustainability and efficiency is exactly what the industry needs to progress, and I am eager to see how their solutions will transform the market."

Fueling Business Growth

This investment will drive Yotuh Energy's product development, testing, operations, and team expansion, accelerating their mission to transform cold chain logistics. By leading the way in electric refrigeration systems, this funding will enhance their proprietary adaptive control technology, eliminate fuel consumption, reduce operational costs, and propel the industry towards greener, more efficient practices.